Cathay Pacific 2011 Annual Report Download - page 74

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Notes to the Accounts STATEMENT OF FINANCIAL POSITION
19. Retirement benefits (continued)
Group Company
2011
HK$M
2010
HK$M
2011
HK$M
2010
HK$M
Net (asset)/liability recognised in the statement
of financial position:
Present value of funded obligations 8,362 7,615 7,658 6,991
Fair value of plan assets (7,324) (8,077) (6,714) (7,396)
1,038 (462) 944 (405)
Net unrecognised actuarial (losses)/gains (1,330) 244 (1,210) 206
(292) (218) (266) (199)
Group Company
2011
HK$M
2010
HK$M
2011
HK$M
2010
HK$M
Movements in present value of funded
obligations comprise:
At 1st January 7,615 7,460 6,991 6,870
Movements for the year
– current service cost 349 324 316 293
– interest cost 302 311 276 285
– employee contributions 912 912
– benefits paid (525) (524) (481) (483)
– actuarial losses 612 32 547 14
At 31st December 8,362 7,615 7,658 6,991
Group Company
2011
HK$M
2010
HK$M
2011
HK$M
2010
HK$M
Movements in fair value of plan assets comprise:
At 1st January 8,077 7,217 7,396 6,583
Movements for the year
– expected return on plan assets 550 518 500 469
– employee contributions 912 912
– employer contributions 175 552 159 532
– benefits paid (525) (524) (481) (483)
– actuarial (losses)/gains (962) 302 (869) 283
At 31st December 7,324 8,077 6,714 7,396
72