Publicly-Listed

Companies

A.

B.

The Big

C.

D.

E.
F.
A.

B.

C.
2

Troubled Company
D.

Troubled Company

E.

A.
B.

C.
3

Confusing
D.
E.
F.

G.

A.

B.

C.

The Also Big

D.

E.

F.
G.

A.

The Late Bloomer

B.

C.

D.
E.
A.

B.

The Famous

C.

D.

E.
F.

A.

B.

The Traveler

C.
D.

E.
F.
A.

B.
8

The Almost Big

C.
D.
E.
A.

B.
9

The Socialite
C.

E.
F.

A.

B.

C.

D.
10

The Communicator

E.

F.

G.
GH.

Presentation of Employee Benefits

The company presented and recognized:

Actuarial gains and losses immediately in other comprehensive

income. Without reclassification in the subsequent period.

Unvested past service costs immediately in profit or loss when

incurred.

Net interest under the finance cost (previously included in staff costs
under General, selling and administrative expenses account).

The retrospective application of the amendments of the revised

standards.
"Employee Benefits" in the Statement of Financial Position as
Noncurrent Liability.

Actuarial gains and losses immediately in other comprehensive

income. Without reclassification in the subsequent period.

Unvested past service costs immediately in profit or loss when

incurred.

The retrospective application of the amendments of the revised

standards.
"Employee Benefits" in the Statement of Financial Position as
Noncurrent Liability.

Net interest expense and other expenses related to the defined

benefit plan in profit or loss.
Resulting change in benefit that relates to past service or the gain or
loss on curtailment immediately in profit or loss.
Actuarial gains and losses immediately in other comprehensive
income. Without reclassification in the subsequent period.
"Employee Benefits" in the Statement of Financial Position as
Noncurrent Liability.

Its remeasurements comprising actuarial gains and losses in the

Other Comprehensive Income. Without reclassification I the
subsequent period.
Unvested past service costs immediately in profit or loss when
incurred.
The retrospective application of the amendments of the revised
standards.
Pension expense, included under Cost of sales and General and
administrative expenses accounts in the consolidated statement of
comprehensive income and pension liability account in the
consolidated statements of financial position, which are based on the
latest actuarial valuation.
"Employee Benefits" in the Statement of Financial Position as
Noncurrent Liability.

Actuarial gains and losses as income or expense when the net

cumulative unrecognized gains and losses for each individual plan at
the end of the previous period exceeded 10% of the higher of the
defined benefit obligation and the fair value of the plan assets and
recognized unvested past service costs as an expense on a straightline basis over the average vesting period until the benefits become
vested.

"Employee Benefits" in the Statement of Financial Position as

Noncurrent Liability.

Actuarial gains and losses immediately in othern comprehensive

income. Without reclassification in the subsequent period.
The retrospective application of the amendments of the revised
standards.

Net interest under the finance cost (previously included in staff costs
under General, selling and administrative expenses account).

Unvested past service costs immediately in profit or loss when

incurred.
"Employee Benefits" in the Statement of Financial Position as
Noncurrent Liability.

Its remeasurements comprising actuarial gains and losses in the

Other Comprehensive Income. Without reclassification I the
subsequent period.

Net interest under the finance cost (previously included in staff costs
under General, selling and administrative expenses account).
The retrospective application of the amendments of the revised
standards.
"Employee Benefits" in the Statement of Financial Position as
Noncurrent Liability.

Its remeasurements comprising actuarial gains and losses in the

Other Comprehensive Income. Without reclassification I the
subsequent period.
Net interest under the finance cost (previously included in staff costs
under General, selling and administrative expenses account).
Unvested past service costs immediately in profit or loss when
incurred.
The retrospective application of the amendments of the revised
standards.
"Employee Benefits" in the Statement of Financial Position as
Noncurrent Liability.
Its remeasurements comprising actuarial gains and losses in the
Other Comprehensive Income. Without reclassification I the
subsequent period.
The retrospective application of the amendments of the revised
standards.
Net interest under the finance cost (previously included in staff costs
under General, selling and administrative expenses account).
"Employee Benefits" in the Statement of Financial Position as
Noncurrent Liability.

Actuarial gains and losses immediately in othern comprehensive

income. Without reclassification in the subsequent period.
Net deferred benefit asset as part of advances and other noncurrent
assets net defined benefit obligation is recognized as part of pension
and other employee benefits in our consolidated statement of
financial position.
The retrospective application of the amendments of the revised
standards.
"Employee Benefits" in the Statement of Financial Position as
Noncurrent Liability.

Disclosure of Employee Benefits

Analysis

The company disclosed the following:

Adoption of the amendments of the revised PAS 19.

The description of the defined benefit plan that they are
using. Which is an unfunded, noncontributory defined
benefit retirement plan which covers all of its regular
employees.

All of the presentations

and disclosures of this
The way they determined the cost of their defined benefit
company are in
liability. By actuarially determining using the projected unit compliance to the
credit method.
standards. They applied
the amendments
required by the revised
The different assumptions that they used in determining the standards.
pension benefits. (Discount rates and salary rate increase)
The Sensitivity Analysis about possible changes of the
significant assumptions on the defined benefit obligation.
Their Asset-Liability Matching Strategies.
The different assumptions that they used in determining the
retirement benefits. (Discount rates, salary increase rate and
turnover rate)
The description of the defined benefit plan that they are
using. Which is an unfunded, noncontributory defined
benefit retirement plan which covers all of its regular
employees.
The way they determined the cost of their defined benefit
liability. By actuarially determining using the projected unit
credit method.
The Sensitivity Analysis about possible changes of the
significant assumptions on the defined benefit obligation.

Most of the
presentations and
disclosures of this
company are in
compliance to the
standards. They applied
the amendments
required by the revised
standards. Except that
they didn't disclose their
Asset-Liability Matching
strategies. And also,
they disclosed that they
didn't apply some
ammendments. Because
according to them, it is
inapplicable. But didn't
mention why.

they didn't disclose their

Asset-Liability Matching
strategies. And also,
they disclosed that they
didn't apply some
ammendments. Because
Adoption of the amendments of the revised PAS 19. But with according to them, it is
some exceptions: a.) Amendments to PAS 19: Actuarial
inapplicable. But didn't
Gains/Losses: Group Plans and Disclosures; and b.)
mention why.
Amendments to PAS 19: Defined Benefit Plans: Employee
Contribution.

Adoption of the amendments of the revised PAS 19.

The different changes of accounting for employee benfits.
Like the elimination of the "corridor approach".
The description of the defined contribution plan that they
are using. Which is a tax-qualified, funded and contributory
retirement plan, covering regular teaching and non-teaching
personnel members.

They only applied

minimal amendments.
They didn't apply a
retrospective application
The different actuarial assumptions they used in determining of the amendments, but
they disclosed that it
the retirement benefits. (Discount rate and salary increase
won't have any material
rate)
effect in the financial
Their Asset-Liability Matching Strategies.
statements.
The Sensitivity Analysis about possible changes of the
significant assumptions on the defined benefit obligation.
The fact that adoption of the amendments don't have any
material effect to the financial statements, so they only
enhanced their disclosure.
Adoption of the amendments of the revised PAS 19.
Sensitivity disclosures for the defined benefit obligation for
comparative period, December 31, 2012, have not been
provided.
The way they determined the cost of their defined benefit
liability. By actuarially determining using the projected unit
credit method.

The description of the defined benefit plan that they are

using. Which is a funded, non-contributory defined benefit
pension plan covering all permanent employees.

The Sensitivity Analysis about possible changes of the

significant assumptions on the defined benefit obligation.

All of their presentation

and disclosures are in
accordance with the
revised PAS 19. But in
their disclosures, they
said that they do not
have any formal assetliability matching
strategies. Even though,
it isn't formal, it is still in
accordance with the
standard, because the
standard didn't state in
the standard that it
should be formal.

standard, because the

standard didn't state in
the standard that it
should be formal.
The different actuarial assumptions they used in determining
the retirement benefits. (Discount rate and salary increase
rate)
The fact that they do not have a formal asset-liability
matching strategy.

The fact that they didn't apply early adoption of the

amendments.

The description of the defined contribution plan that they

are using. Which is a funded, noncontributory retirement
plans, administered by the respective trustees, covering
their respective permanent employees.
The way they determined the cost of their defined benefit
liability. By actuarially determining using the projected unit
credit method.

As we thoroughly
examined their Notes to
Financial Statements,
they didn't apply yet the
amendments required by
the revised standard.
Nevertheless, they
disclosed the fact that
they didn't apply an
early adoption of the
revised standard.

The different actuarial assumptions they used in determining

the retirement benefits. (Discount rate and salary increase
rate)
Their Asset-Liability Matching Strategies.
Adoption of the amendments of the revised PAS 19.
The way they determined the cost of their defined benefit
liability. By actuarially determining using the projected unit
credit method.

All of the presentations

and disclosures of this
The description of the defined contribution plan that they
are using. Which is a funded, noncontributory tax-qualified company are in
compliance to the
defined benefit type of retirement plans covering
standards. They applied
substantially all of their employees.
the amendments
required by the revised
The different actuarial assumptions they used in determining standards.
the retirement benefits. (Discount rate and salary increase
rate)
The Sensitivity Analysis about possible changes of the
significant assumptions on the defined benefit obligation.
Their Asset-Liability Matching Strategies.

The way they determined the cost of their defined benefit

liability. By actuarially determining using the projected unit
credit method.
The description of the defined benefit plan that they are
using. Which is a funded defined benefit pension plan
covering all regular and permanent employees. The benefits All of the presentations
are based on employees projected salaries and number of and disclosures of this
company are in
years of service.
compliance to the
standards. They applied
Adoption of the amendments of the revised PAS 19.
the amendments
The different assumptions that they used in determining the required by the revised
retirement benefits. (Discount rates, salary increase rate and standards.
turnover rate)
The Sensitivity Analysis about possible changes of the
significant assumptions on the defined benefit obligation.
Their Asset-Liability Matching Strategies.
The description of the defined benefit plan that they are
using. Which is a funded defined benefit pension plan
covering all regular and permanent employees.
The way they determined the cost of their defined benefit
liability. By actuarially determining using the projected unit
credit method.
The Sensitivity Analysis about possible changes of the
significant assumptions on the defined benefit obligation.

All of the presentations

and disclosures of this
company are in
compliance to the
standards. They applied
the amendments
required by the revised
standards.

Performance of an Asset-Liability Matching Strategies.

Adoption of the amendments of the revised PAS 19.
Adoption of the amendments of the revised PAS 19.
The description of the defined contribution plan that they
are using. Which is a funded, tax-qualified, noncontributory
and multi-employer
post-employment benefit plan.

All of the presentations

and disclosures of this
company are in
compliance to the
The different assumptions that they used in determining the standards. They applied
the amendments
retirement benefits. (Discount rates and salary increase
required by the revised
rate)
standards.
The Sensitivity Analysis about possible changes of the
significant assumptions on the defined benefit obligation.
Their Asset-Liability Matching Strategies.

Adoption of the amendments of the revised PAS 19.

The way they determined the cost of their defined benefit
liability. By actuarially determining using the projected unit
credit method.
Separate and distinct retirement plans for the Parent and
Subsidiaries.
All of the presentations
and disclosures of this
company are in
compliance to the
standards. They applied
the amendments
The different assumptions that they used in determining the required by the revised
retirement benefits. (Discount rates and rate of increase in standards.
compensation)
The description of the defined contribution plan that they
are using. Which covers all regular full-time employees
under which it pays fixed contributions based on the
employees monthly salaries.

The Sensitivity Analysis about possible changes of the

significant assumptions on the defined benefit obligation.
The way they determined the cost of their defined benefit
liability. By actuarially determining using the projected unit
credit method.
Performance of an Asset-Liability Matching Strategies.