Need Help! Net change in Defined Benefit Pension Plan in Cash Flow statement

Hi guys!

I am working on a financial model and there's something I cannot project

On my balance sheet,(Current Liabilities)
I have

Short-term debt, Current Tax liabilities, Employee benefits and account payables...

I am trying to make a projection of Employee benefits...and think I have to do projection using the "Net change in Defined Benefit Pension plan" in cash flow statement

Is that right? if not, can you guys let me know how to project both of them? Can I just put "0" for "Net change in Defined benefit pension plan??

I'm lost. I would appreciate your comment! I attached the file for your convenience. (I have a lot of errors....would appreciate if you change them and send it to me back. )

Thanks,

2 Comments
 
Best Response

This is really hard to know what you should do without seeing the exact financials. I'm studying this material right now for the CFA level II exam, but I dont know enough to answer the question. I think you also haven't provided enough information, and an answer would require a lot of work which is why no one has responded. I would suggest going through reading #20 of the CFA level II exam material and figuring it out for yourself given what you learn. I will say however, that net change in defined benefit pension plan is generally a result of cash outflow (paying out to retirees) and cash inflow (return on investment). The net change is due to that. So you need to project out both sides, based upon discount rates, return assumptions, etc.

 

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