Note I — Net assets attributable to defiNote I — Net assets attributable to defined benefit members

Note I – Net assets attributable to defined benefit members

In respect of all four defined benefit plans, the entity has worked with the relevant employer-sponsors to develop a contributions strategy to fund the deficits that exist in three of the plans (ABC, RST and XYZ) and use up the surplus in one of the plans (OPQ). At the current rate of contributions from those employer-sponsors, each plan that currently has a deficit of liabilities over assets is scheduled to be fully funded within three years, and the plan that currently has a surplus is scheduled to be in balance within two years.

Income Statement for Hybrid Superannuation Plan
for the year ended 30 June 20XX