Carphone Warehouse 2016 Annual Report Download - page 129

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127
21 Retirement and other post-employment benefit obligations continued
(iv) Amounts recognised in the consolidated balance sheet
30 April
2016
£million
2 Ma
y
2015
£million
Present value of defined benefit obligations (1,395) (1,431)
Fair value of plan assets 923 945
Net obligation (472) (486)
Changes in the present value of the defined benefit obligation:
30 April
2016
£million
2 Ma
y
2015
£million
Opening obligation at 3 May 2015 1,431 —
Dixons Retail Merger — 1,259
Interest cost 49 38
Remeasurements in other comprehensive income – actuarial losses / (gains) arising from changes in:
Financial assumptions (25) 168
Experience (27) (19)
Demographic assumptions — 9
Benefits paid (33) (24)
Closing obligation 1,395 1,431
The weighted average maturity profile of the defined benefit obligation at the end of the year is 21 years.
Changes in the fair value of the scheme assets:
30 April
2016
£million
2 Ma
y
2015
£million
Opening fair value at 3 May 2015 945 —
Dixons Retail Merger — 830
Interest income 33 25
Employer special contributions 35 28
Remeasurements in other comprehensive income:
Actual return on plan assets (excluding interest income) (57) 86
Benefits paid (33) (24)
Closing fair value 923 945
00_DC 2016 Annual Report.pdf 127 11/07/2016 18:34