Lenovo 2008 Annual Report Download - page 140
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Please find page 140 of the 2008 Lenovo annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
37 Retirement benefit obligations (continued)
(c) Additional information on post-employment benefits (pension and medical)
Reconciliation of fair value of plan assets of the Group:
Pensions Medical
2008 2007 2008 2007
US$’000 US$’000 US$’000 US$’000
Opening fair value 103,907 25,989 6,920 6,592
Exchange adjustment 15,837 749 ––
Reclassification 2,925 –––
Expected return on plan assets 4,219 2,441 334 394
Actuarial (losses)/gains (11,384) 2,202 9(51)
Contributions by the employer 19,595 81,110 ––
Contributions by plan participants 117 64 ––
Benefits paid (8,074) (8,648) (63) (15)
Others ––818 –
Closing fair value 127,142 103,907 8,018 6,920
Actual return on plan assets (7,165) 4,643 343 343
Contributions to the plans during the year ended March 31, 2008 include amounts paid into the plans following the
transfer of assets from IBM.
Contributions of US$25,962,000 are estimated to be made for the year ending March 31, 2009, excluding amounts due
to be transferred from IBM plans.
Plan assets comprise:
Pensions Medical
2008 2007 2008 2007
US$’000 US$’000 US$’000 US$’000
Equities 49,977 33,860 8,018 6,920
Bonds 62,978 40,504 ––
Properties –592 ––
Others 14,187 28,951 ––
Total 127,142 103,907 8,018 6,920
Reconciliation of movements in present value of defined benefit obligations of the Group:
Pensions Medical
2008 2007 2008 2007
US$’000 US$’000 US$’000 US$’000
Opening defined benefit obligations 199,877 169,417 13,898 9,151
Exchange adjustment 22,167 3,672 991 8
Reclassification (9,670) –(178) –
Current service costs 8,273 10,633 1,765 1,667
Interest costs 6,027 5,876 638 552
Contributions by plan participants 117 64 ––
Actuarial (gains)/losses (14,338) 10,178 496 2,535
Benefits paid (8,074) (8,648) (63) (15)
Past service costs –355 ––
Curtailments and settlements (196) –(1,303) –
Others 223 8,330 ––
Closing defined benefit obligations 204,406 199,877 16,244 13,898
Lenovo Group Limited • Annual Report 2007/08
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