4) Adjusted EBITDA is defined as net earnings plus net interest expense (income), provision for income taxes, depreciation and amortization, excluding restructuring charges and project costs, acquisition and divestiture related adjustments and pension plan actuarial gains
It must also clearly describe the reasons for actuarial gains
and losses from the previous year, and any changes in assumptions and their impacts.
For the sake of simplicity, the contribution model diagrams omit certain components such as benefit payments, which come out of both sides equally, and actuarial gains
and losses on the liability side, which are not typically large.
A different treatment is also given to the recognition of actuarial gains
and losses and foreign-exchange differences.
A portion of the accumulated actuarial gains
or losses caused by the retiree drug subsidy will be recorded in accumulated other comprehensive income.
Although the city's pension fund had actuarial gains
of $55 million last year, its unfunded actuarial accrued liability increased, according to City Auditor James A.
lt;p>The author of the report, Samuel Sender, Applied Research Manager with EDHEC-Risk, puts forward the following arguments in this position paper: <p>EDHEC firmly warns the IASB against the temptation to suppress the corridor approach, whereby actuarial gains
and losses which fall within a corridor need not be recognised, as this would lead to a significant reduction in holdings of risky assets in pension funds;
The line item for actuarial gains
and losses should be broken out into the subcomponents "from experience" and "from assumptions changes.
2) 2006 figures have been adjusted for the option of recognizing actuarial gains
and losses on pensions and other post-retirement benefits directly in equity.
Changes in such assumptions create what are termed actuarial gains
or losses under FRS17, which bypass the P&L account and are recognised in the STRGL.
These actuarial gains
and losses are amortized if they exceed 10 percent of the greater of the PBO or Plan Assets.
The IASC has gone beyond the FASB, moving toward faster or immediate recognition of certain actuarial gains
and losses and plan amendments something once proposed by the FASB but not adopted in its "evolution" of benefits accounting standards.