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The Following Information Relates to the Old Fogey's Superannuation Plan,which

Question 43

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The following information relates to the Old Fogey's Superannuation Plan,which is a defined benefit scheme.Amounts given for all assets are at net market value.  Year ended  Year ended 30 June 2014  30 June 2015 ($000) ($000)  Government securities 86007500 Mortgage loans 25003125 Shares in listed companies 1100012500 Fixtures and fitting 275250 Other information  ($000)   Cash 50 Accounts payable 40 Benefits paid 95 Investment expenses 19 General and administration expenses 50 Interest received 940 Dividends received 20 Members’ contributions received 87 Employers’ contributions received 174\begin{array} { | l | r | r | } \hline & \text { Year ended } & \text { Year ended } \\\hline & 30 \text { June 2014 } & \text { 30 June 2015 } \\\hline & ( \$ 000 ) & ( \$ 000 ) \\\hline \text { Government securities } & 8600 & 7500 \\\hline \text { Mortgage loans } & 2500 & 3125 \\\hline \text { Shares in listed companies } & 11000 & 12500 \\\hline \text { Fixtures and fitting } & 275 & 250 \\\hline & & \\\hline \text { Other information } & \text { (\$000) } & \\\hline \text { Cash } & 50 & \\\hline \text { Accounts payable } & 40 & \\\hline \text { Benefits paid } & 95 & \\\hline \text { Investment expenses } & 19 & \\\hline \text { General and administration expenses } & 50 & \\\hline \text { Interest received } & 940 & \\\hline \text { Dividends received } & 20 & \\\hline \text { Members' contributions received } & 87 & \\\hline \text { Employers' contributions received } & 174 & \\\hline\end{array} At balance date the scheme is owed from the current period.  Interest $51000 Dividends $65000 Contributions from members $6000 Contributions from employers $12000\begin{array} { | l | r | } \hline \text { Interest } & \$ 51000 \\\hline \text { Dividends } & \$ 65000 \\\hline \text { Contributions from members } & \$ 6000 \\\hline \text { Contributions from employers } & \$ 12000 \\\hline\end{array} During the period shares in listed companies that had a net realisable value of $5 million at the beginning of the period were sold for $6.2 million.Shares were purchased during the period for $2 million. Actuarial reports on the fund are undertaken annually at balance date.The actuarial estimate of the accrued benefits were:
30 June 2000: $4410000030 June 2013: $52300000\begin{array} { | l | l | } \hline 30 \text { June 2000: } & \$ 44100000 \\\hline 30 \text { June 2013: } & \$ 52300000 \\\hline\end{array} What is the total revenue for the plan for the period ended 30 June 2015?


A) $6 555 000
B) $2 709 000
C) $8 200 000
D) $1 685 000

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