Dissent of James J Leisenring and Tatsumi Yamada from the issue in December 2004 of Actuarial Gains and Losses, Group Plans and Disclosures (Amendment to IAS 19) [Cross‑references have been updated.]

Mr Leisenring

DO1 Mr Leisenring dissents from the issue of the Amendment to IAS 19 Employee Benefits - Actuarial Gains and Losses, Group Plans and Disclosures.

DO2 Mr Leisenring dissents because he disagrees with the deletion of the last sentence in paragraph 40 and the addition of paragraphs 41 and 42. He believes that group entities that give a defined benefit promise to their employees should account for that defined benefit promise in their separate or individual financial statements. He further believes that separate or individual financial statements that purport to be prepared in accordance with IFRSs should comply with the same requirements as other financial statements that are prepared in accordance with IFRSs. He therefore disagrees with the removal of the requirement for group entities to treat defined benefit plans that share risks between entities under common control as defined benefit plans and the introduction instead of the requirements of paragraph 41.

DO3 Mr Leisenring notes that group entities are required to give disclosures about the plan as a whole but does not believe that disclosures are an adequate substitute for recognition and measurement in accordance with the requirements of IAS 19.

Mr Yamada