Experian 2009 Annual Report Download - page 127

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125Experian Annual Report 2009
Introduction
2 – 7
Business review
8 – 43
Governance
44 – 72
Financial statements
Group nancial statements
28. Retirement benet assets/obligations (continued)
Movements during the year in the net retirement benet (obligations)/assets
recognised in the Group balance sheet
2009 2008
US$m US$m
At 1 April 132 85
Differences on exchange (9) –
Total amounts recognised in Group income statement - as disclosed below 7 11
Actuarial (losses)/gains recognised in Group statement of recognised income and expense (202) 15
Contributions paid by the Group 14 21
At 31 March (58) 132
Expense/(income) recognised in the following lines in the Group income statement
2009 2008
US$m US$m
Administrative costs (after exceptional income of US$3m (2008: US$5m)) 10 12
Net nancing income (17) (23)
Total credit to Group income statement (7) (11)
Actuarial gains and losses recognised in the Group statement of
recognised income and expense
2009 2008
US$m US$m
Gains on liabilities 34 116
Losses on assets (236) (101)
Total (losses)/gains included in Group statement of recognised income and expense in year (202) 15
Cumulative actuarial gains and losses
2009 2008
US$m US$m
Continuing operations (60) 142
Discontinued operations (81) (81)
Total cumulative actuarial (losses)/gains (141) 61
Changes in the present value of the total dened benet obligations
2009 2008
US$m US$m
At 1 April 913 984
Differences on exchange (252) 11
Additions through business combinations – 6
Current service cost 13 20
Interest on plans’ liabilities 52 53
Settlement or curtailment (3) (8)
Actuarial gains on liabilities (34) (116)
Contributions paid by employees 4 6
Contributions paid from outside the Group – 3
Benets paid (40) (46)
At 31 March 653 913
The total dened benet obligations of US$653m (2008: US$913m) include US$614m (2008: US$863m) in respect of the Group’s
funded arrangements and US$39m (2008: US$50m) in respect of the Group’s unfunded arrangements.