Holiday Inn 2015 Annual Report Download - page 133

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25. Retirement benefits continued
Re-measurement gains and losses recognised in the Group statement of comprehensive income are:
2015 2014 2013
Plan
assets
$m
Plan
obligations
$m
Total
$m
Plan
assets
$m
Plan
obligations
$m
Total
$m
Plan
assets
$m
Plan
obligations
$m
Total
$m
Return on plan assets (excluding amounts included
in interest) (7) – (7) 88 – 88 2 – 2
Actuarial gains and losses arising from changes in:
Demographic assumptions –55 – (3) (3) – 12 12
Financial assumptions –1010 – (113) (113) – (57) (57)
Experience adjustments –22 –44 –(6)(6)
Change in asset restriction (excluding amounts
included in interest) 3–3 (1) – (1) 89 – 89
Other comprehensive income (4) 17 13 87 (112) (25) 91 (51) 40
The assets and liabilities of the schemes and the amounts recognised in the Group statement of financial position are:
Pension plans
UK US and other
Post-employment
benefits Total
2015
$m
2014
$m
2015
$m
2014
$m
2015
$m
2014
$m
2015
$m
2014
$m
Retirement benefit assets
Fair value of plan assets –8–16 –––24
Present value of benefit obligations –––(13) –––(13)
Surplus in schemes –8–3–––11
Asset restriction –(3) –––––(3)
Total retirement benefit assets –5–3–––8
Retirement benefit obligations
Fair value of plan assets ––121 151 ––121 151
Present value of benefit obligations (27) (31) (202) (242) (21) (24) (250) (297)
Total retirement benefit obligations (27) (31) (81) (91) (21) (24) (129) (146)
Total fair value of plan assets –8121 167 ––121 175
Total present value of benefit obligations (27) (31) (202) (255) (21) (24) (250) (310)
At 1 January 2015, ‘US and other’ included a surplus of $3m in respect of a defined benefit pension plan in Hong Kong and a deficit of $1m
in respect of a defined benefit pension plan in the Netherlands. During the year, the Hong Kong plan was transferred to the new owner
of InterContinental Hong Kong (see note 11) and the Dutch pension obligations became fully insured resulting in the cessation of defined
benefit accounting.
STRATEGIC REPORT GOVERNANCE GROUP FINANCIAL STATEMENTS ADDITIONAL INFORMATIONPARENT COMPANY FINANCIAL STATEMENTS
131IHG Annual Report and Form 20-F 2015