details of any single investment exceeding either 5% of the net assets available for benefits or 5% of any class or type of security;
details of any investment in the employer; and
liabilities other than the actuarial present value of promised
a statement of changes in net assets available for benefits showing the
investment income such as interest and dividends;
benefits paid or payable (analysed, for example, as retirement,
death and disability benefits, and lump sum payments);
taxes on income;
profits and losses on disposal of investments and changes in
value of investments; and
transfers from and to other plans;
a description of the funding policy;
for defined benefit plans, the actuarial present value of promised retirement benefits (which may distinguish between vested benefits and non-vested benefits) based on the benefits promised under the terms of the plan, on service rendered to date and using either current salary levels or projected salary levels; this information may be included in an accompanying actuarial report to be read in conjunction with the
related financial statements; and
for defined benefit plans, a description of the significant actuarial assumptions made and the method used to calculate the actuarial present value of promised retirement benefits.
The report of a retirement benefit plan contains a description of the plan, either
as part of the financial statements or in a separate report. It may contain the
the names of the employers and the employee groups covered;
the number of participants receiving benefits and the number of other
participants, classified as appropriate;
the type of plan—defined contribution or defined benefit;
a note as to whether participants contribute to the plan;
a description of the retirement benefits promised to participants;
a description of any plan termination terms; and
changes in items (a) to (f) during the period covered by the report.
It is not uncommon to refer to other documents that are readily available to
users and in which the plan is described, and to include only information on subsequent changes.
This Standard becomes operative for financial statements of retirement benefit
plans covering periods beginning on or after 1 January 1988.