Pronouncement 4: The Limit On A Defined Benefit Asset, Minimum Funding Requirements and Their Interaction Under International Financial Reporting Standards (IFRS) in The South African Pension Fund Env

This FRP provides guidance under IFRS on the application of IFRIC 14 - IAS 19 - The Limit on e Defined Benefit Asset, Minimum Funding Requirements and their interaction in South Africa in relation to defined benefit pension obligations (governed by the Pension Funds Act, 1956 (the Act)) within the scope of IAS 19 - Employee Benefits. Accordingly, this FRP applies to the employer entity and not io the pension fund. This FRP should be read together with IFRIC 14 and IAS 19.