Monday, January 17, 2011

Net Pension Assets: adopt U.S. pension accounting standards instead of IFRS

Net Pension Assets: adopt U.S. pension accounting standards instead of IFRS
IFRS(*3)U.S. GAAP (*2)
Net pension asset (*1)7,222
Funded status2,524
ΔAsset (adjustment)-4,698 (*4)
ΔEquity (adjustment)-4,698 (*5)

(*1) Net pension asset = Funded status + Unrecognized transition asset + Unrecognized prior service cost + Unrecognized net actuarial loss

(*2) assuming no taxes

(*3) adopt U.S. pension accounting standards

(*4) 2,524 - 7,222 = -4,698
(*5) in order for the accounting equation to balance

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