This site uses cookies to provide you with a more responsive and personalised service. By using this site you agree to our use of cookies. Please read our cookie notice for more information on the cookies we use and how to delete or block them.
The full functionality of our site is not supported on your browser version, or you may have 'compatibility mode' selected. Please turn off compatibility mode, upgrade your browser to at least Internet Explorer 9, or try using another browser such as Google Chrome or Mozilla Firefox.

IASB issues 'Asset Ceiling' amendment to IAS 19

  •  Image

31 May 2002

The IASB has published a limited amendment to IAS 19, Employee Benefits.

The amendment fixes a perceived problem caused by the interaction of two aspects of IAS 19 - the option to defer actuarial gains and losses and the limit on the amount that can be recognised as an asset (the 'asset ceiling').

The Board concluded that IAS 19 was giving rise to counter-intuitive results because an actuarial loss in the pension plan could give rise to a reported gain in the entity's financial statements and an actuarial gain in the pension plan could give rise to a reported loss. The amendment prohibits gain or loss recognition in these circumstances.

Click for IASB Press Release (PDF 12k). Click here for Project Info.

 

Correction list for hyphenation

These words serve as exceptions. Once entered, they are only hyphenated at the specified hyphenation points. Each word should be on a separate line.