Defined benefits pension scheme mapping guidelines

Use the following map codes to provide full disclosure in the notes:

At end of Balance Sheet net assets section:

If your pension scheme is a liability overall (N.B. These codes are repeated for each scheme):

F20.01.00.01 Pension liability b/fwd - scheme 1

F20.01.00.02 Pension liability - current service cost - scheme 1

F20.01.00.03 Pension liability - past service cost - scheme 1

F20.01.00.04 Pension liability - prev unrec surp deducted scheme 1

F20.01.00.05 Pension liability - gains/losses on sett/curtail - scheme 1

F20.01.00.10 Pension liability - contributions - scheme 1

F20.01.00.11 Pension liability - finance income - scheme 1

F20.01.00.20 Pension liability - actuarial gain/loss - scheme 1

F20.01.00.30 Pension liability - def tax on act gain/loss - scheme 1

F20.01.00.40 Pension liability - derecognition of surplus - scheme 1

If your pension scheme is an asset overall (N.B. These codes are repeated for each scheme):

F20.11.00.01 Pension asset b/fwd - scheme 1

F20.11.00-.02 Pension asset - current service cost - scheme 1

F20.11.00.03 Pension asset - past service cost - scheme 1

F20.11.00.04 Pension asset - prev unrec surp deducted scheme 1

F20.11.00.05 Pension asset - gains/losses on sett/curtail - scheme 1

F20.11.00.10 Pension asset - contributions - scheme 1

F20.11.00.11 Pension asset - finance income - scheme 1

F20.11.00.20 Pension asset - actuarial gain/loss - scheme 1

F20.11.00.30 Pension asset - def tax on act gain/loss - scheme 1

F20.11.00.40 Pension asset - derecognition of surplus - scheme 1

Within P & L Reserves section

(N.B. These codes are repeated for each scheme)

H03.11.00.01 P/L a/c - Pens reserves balance b/fwd - Scheme 1

H03.11.00.21 P/L a/c - Pens res diff between exp/actual ret on assets - Sch 1

H03.11.00.22 P/L a/c - Pens res expected gains/losses on scheme liabs - Sch 1

H03.11.00.23 P/L a/c - Pens res effects of chngs in actuarial assumpts - Sch 1

H03.11.00.30 P/L a/c - Pens res deferred tax on actuarial gain/loss - Sch 1

H03.11.00.50 P/L a/c - Pension reserve - prior year adjustment - Sch 1

H03.11.00.60 P/L a/c - Pension reserve - derecognition of surplus - Sch 1

Within P & L section:

M02.82.00.03 CoS – Staff pension current service costs

M02.82.00.04 CoS - Staff pension past service costs

M02.82.00.05 CoS - Staff pension prev'ly unrecognised surplus deducted

M02.82.00.06 CoS - Staff pension gain/loss on settlement/curtailment

M03.85.00.03 CoS - Directors pension current service costs

M03.85.00.04 CoS - Directors pension past service costs

M03.85.00.05 CoS - Directors pension prev'ly unrecog'd surplus deducted

M03.85.00.06 CoS - Directors pension gain/loss on settlement/curtailmnt

P02.82.00.03 Selling - Staff pension current service costs

P02.82.00.04 Selling - Staff pension past service costs

P02.82.00.05 Selling - Staff pension prev'ly unrecn surplus deducted

P02.82.00.06 Selling - Staff pension gain/loss on set'ment/curtailment

Q02.82.00.03 Distrib - Staff pension current service costs

Q02.82.00.04 Distrib - Staff pension past service costs

Q02.82.00.05 Distrib - Staff pension prev'ly unrecn surplus deducted

Q02.82.00.06 Distrib - Staff pension gain/loss on set'ment/curtailmnt

R01.85.00.12 Admin - Directors pension current service costs

R01.85.00.22 Admin - Directors pension past service costs

R01.85.00.32 Admin - Directors pension prev'ly unrecn surplus deducted

R01.85.00.42 Admin - Directors pension gain/loss on set'ment/curtailmnt

R02.82.00.12 Admin – Staff pension current service costs

R02.82.00.22 Admin - Staff pension past service costs

R02.82.00.32 Admin - Staff pension prev'ly unrecn surplus deducted

R02.82.00.42 Admin - Staff pension gain/loss on set'ment/curtailmnt

U03-01-00.02 Net interest on pension scheme liabilities

Add the following bookkeeping entries in the Working TB:

Number	Description	Dr	Cr
1.	Opening pension liability		F20.01.00.01
	P/L a/c - Pens reserve – brought forward	H03.11.00.01
	Opening value of pension scheme liability(If asset, reverse the postings to above map codes)

2.	Current service cost of pens - staff	P/Q/R02.82.00.12
	Current service cost of pens - directors	R01.85.00.12
	Pension liability– current service cost		F20.01.00.02
	Cost of pension benefits earned by employees during period

3.	Past service cost of pens - staff	P/QR02.82.00.22
	Past service cost of pens - directors	R01.85.00.22
	Pension liability– past service cost		F20.01.00.03
	Cost of providing higher level of benefits than promised during period

4.	Prev. unrecognised surplus deducted	P/QR02.82.00.32
	Pens liability- Prev. unrec. surplus ded'd		F20.01.00.04

5.	Gain/loss on settlement or curtailment	P/QR02.82.00.42
	Pens liability - gain/loss on sett't/curtailment		F20.01.00.04

6.	Net interest on pension scheme liabilities		U03.01.00.02
	Net finance income	F20.01.00.11
	Net finance income on scheme liabilities

7.	Contributions paid	F20.01.00.10
	Trf from pension contributions accounts		R02.82.00.02
	Contributions paid to the scheme by the company during the year

8.	Pens liability- actuarial gain/loss	F20.01.00.20
	Pen res act'l ret'n less exp. ret'n on assets		H03.11.00.21
	Pen res experience gains	H03.11.00.22
	Pen res changes in assumptions	H03.11.00.23
	Net actuarial gain/loss on scheme during period as determined by actuarial valuation

9.	Pens liability– Def tax movement		F20.01.00.30
	Pens res def tax on actuarial gain/loss	H03.11.00.30
	Current year deferred tax	W02.01.00.01
	Deferred tax attributable to movement in surplus/deficit

10.	Pens liability– Derecognition of surplus		F20.01.00.30
	Pens res derecognition of surplus	H03.11.00.60
	Pension surplus not recognised

Once you have made all of the above entries, the relevant notes and disclosures will display in the accounts.

There will then be a user input requirement in the notes to analyse out various other disclosures.