Profit for the year (000') 17,512 118,919
Actuarial Gain/(Loss) (000') 44,154 (97,521)
Total comprehensive Income 61,666 21,398
If we take the profit variance it is about 579 % increment or 100mn more than the previous year. But if we take this total comprehensive income it is about 65% derese. What is the Impact of this Actuarial gain or loss? When we evaluate companies what we should consider?Is it total comprehensive income or this profit for the year? Why this Actuarial gains and losses make this much of an impact to the P &L?
Experts Please explain........