|
 |
| Notes forming part of the group financial statements 2 Prior year adjustment for defined benefit pension arrangements In accordance with the transitional provisions of Financial Reporting Standard 17 – Retirement Benefits (FRS 17), the standard was not reflected in full in RTÉ’s financial statements for the years ended 31 December 2001 to 31 December 2004. In accordance with the standard’s transitional provisions, the notes to the financial statements for these years quantified the amounts that would have been included in the Group statement of income and expenditure and the statement of total recognised gains and losses, together with the impact on Group net assets. All of the standard’s requirements are applicable for accounting periods beginning on or after 1 January 2005. Consequently, the standard has been reflected in full in this year’s annual report, which includes a prior year adjustment to restate the Group statement of income and expenditure and Group balance sheet. The adoption of FRS 17 has required a change to the accounting treatment of defined benefit pension arrangements such that the Group now includes the assets and liabilities of these arrangements in the balance sheet. Current service costs, curtailment and settlement gains and losses and net financial returns are included in the statement of income and expenditure in the year to which they relate. Actuarial gains and losses are recognised in the statement of total recognised gains and losses. The following table sets out the impact of adopting FRS 17 on the affected line items in the Group’s statement of income and expenditure, statement of total recognised gains and losses and balance sheet:
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
