Holiday Inn 2006 Annual Report Download - page 77

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23 Employee benefits (continued)
History of experience gains and losses:
2006 2005 2004 2003
UK Pension plans £m £m £m £m
Fair value of scheme assets 269 250 470 353
Present value of benefit obligations (298) (274) (600) (477)
Deficit in the scheme (29) (24) (130) (124)
Experience adjustments arising on plan liabilities (12) (67) (60)
Experience adjustments arising on plan assets 747 14
2006 2005 2004 2003
US Pension plans £m £m £m £m
Fair value of scheme assets 56 62 56 48
Present value of benefit obligations (89) (103) (88) (91)
Deficit in the scheme (33) (41) (32) (43)
Experience adjustments arising on plan liabilities –(3) (5)
Experience adjustments arising on plan assets 2(1) 1
2006 2005 2004 2003
US Post-employment benefits £m £m £m £m
Present value of benefit obligations (9) (11) (11) (11)
Experience adjustments arising on plan liabilities 11 (1)
The cumulative amount of actuarial gains and losses recognised since 1 January 2004 in the Group statement of recognised income and
expense is £76m (2005 £74m). The Group is unable to determine how much of the pension scheme deficit recognised on transition to IFRS
of £178m and taken directly to total equity is attributable to actuarial gains and losses since inception of the schemes. Therefore, the Group
is unable to determine the amount of actuarial gains and losses that would have been recognised in the Group statement of recognised
income and expense before 1 January 2004.
IHG Notes to the Group financial statements 75
Notes to the Group financial statements