Investor Presentaiton
HKAS 1.51(a)
HKAS 1.49
HK Listco Ltd
Financial statements for the year ended 31 December 2023
HKAS 19.146
238 Some plans or entities may use an asset-liability matching strategy to match the amount and timing of cash inflows from plan assets
with those of cash outflow from the defined benefit obligation. If such matching strategy has been used by the plans or by the
entities, paragraph 146 of HKAS 19 requires the entities to provide information about the strategy, including the use of annuities or
other techniques, such as longevity swaps, to manage risk.
HKAS 19.141(c)(ii)&(iii) 239 Actuarial gains and losses arising from changes in demographic assumptions are required to be disclosed separately from those
arising from changes in financial assumptions.
HKAS 19.141(f)
240 Contributions to the plan by employer should be separately disclosed from contributions by plan participants. In this illustration,
the contributions are wholly made by HK Listco (i.e. the employer).
HKAS 19.123-126
241
Net interest on the net defined benefit liability (asset) comprises of interest income on plan assets, interest cost on the defined
benefit obligation and interest on the effect of the asset ceiling.
HKAS 19.144
HKAS 19 does not specify where net interest and service cost should be presented in profit or loss. It also does not specify whether
they should be presented separately or as components of a single item of income or expense. An entity should therefore choose an
accounting policy, to be applied consistently, to the presentation of net interest and service cost. To help identify amounts in the
financial statements arising from defined benefit plans, entities should also disclose how and where the costs have been recognised
in profit or loss.
242 Paragraph 144 of HKAS 19 requires entities to disclose the significant actuarial assumptions used to determine the present value of
the defined benefit obligation. Entities should apply judgement to determine which actuarial assumptions are significant to the
valuation and therefore require disclosure.
The disclosure of significant actuarial assumptions should be in absolute terms, e.g. as an absolute percentage. When an entity has
more than one defined benefit plan and provides disclosures in total, it should disclose the significant actuarial assumptions in the
form of weighted averages or relatively narrow ranges.
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