INTM523420 - Thin capitalisation: practical guidance: accountancy issues: FRS 17: presentation of FRS17 in the accounts - disclosures
Disclosure of defined benefit schemes in the accounts
There are extensive disclosures required under FRS 17. These include:
- an analysis of amounts included
- within operating profit
- within other finance costs, and
- within the statement of total recognised gains and losses
- an analysis of the amounts on the balance sheet (or statement of financial position under IFRS) including - movement in the surplus or deficit in the scheme over the period and a reconciliation of the surplus/deficit to the balance sheet asset/liability. This note is useful in that it discloses the cash contributions made to the scheme during the period (often under the heading of 鈥淐ontributions鈥�).
The disclosures are normally given in a lengthy note towards the back of the accounts. If full disclosures are not given at an individual entity level, they should be provided at a higher group level (for instance in the 鈥榞lossy鈥� consolidated accounts).
Similar levels of disclosure are required by entities reporting under one of IAS 19, IAS 19 (revised), FRS 101 or FRS 102.