Performance-related pay is usually in the form of a bonus payable in addition to the basic salary.
The corresponding leasing commitments are shown as amounts payable to the lessor.
Where any part of the debt is payable after more than five years, show terms of repayment and rates of interest payable.
The amount capitalised is the present value of the minimum lease payments payable over the term of the lease.
The pension cost charge represents contributions payable by the company to the fund.
Calculating the value of a pension benefit payable in the future depends on a series of variables whose value is not known ex ante.
Thus, the pension associated with the employee's 10 years of service will be $12,000 annually payable at 65, not $6,000.
The widow's element should be payable until the child turned 18, provided that the child resided with the widow.
