d) non-monetary benefits (such as medical care,housing, cars and free or subsidized vouchers or services) for current employees.Post-employment benefits are granted to employees either as defined contribution plans or defined benefit plans.
A company must recognize the payable contribution for a period:
a) as a liability after deducting any amount already paid.If payments on the contribution exceeds the contribution due for services before the reporting date,the company must recognize the excess as an asset:
b) as an expense, unless the IFRS for IMMs requires the recognition of costs as part of the cost of an asset.