Lenovo 2009 Annual Report Download - page 147

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2008/09 Annual Report Lenovo Group Limited
145
37 Retirement benefit obligations (continued)
(b) Post-employment medical benefits (continued)
The amounts recognized in the income statement are as follows:
Group
2009 2008
US$’000 US$’000
Current service cost 1,650 1,765
Interest cost 739 638
Expected return on plan assets (217) (334)
Net actuarial losses – 487
Curtailment gain (1,151) (1,303)
Total expense recognized in income statement 1,021 1,253
(c) Additional information on post-employment benefits (pension and medical)
Plan assets comprise:
Pensions Medical
2009 2008 2009 2008
US$’000 US$’000 US$’000 US$’000
Equities 36,245 49,977 7,761 8,018
Bonds 88,711 62,978 – –
Others 9,896 14,187 – –
Total 134,852 127,142 7,761 8,018
Reconciliation of fair value of plan assets of the Group:
Pensions Medical
2009 2008 2009 2008
US$’000 US$’000 US$’000 US$’000
Opening fair value 127,142 103,907 8,018 6,920
Reclassification – 2,925 – –
Exchange adjustment (3,840) 15,837 – –
Expected return on plan assets 4,066 4,219 217 334
Actuarial (losses)/gains (5,800) (11,384) (223) 9
Contributions by the employer 19,823 19,595 13 –
Contributions by plan participants – 117 – –
Benefits paid (6,539) (8,074) (264) (63)
Others – – – 818
Closing fair value 134,852 127,142 7,761 8,018
Actual return on plan assets (1,734) (7,165) (6) 343
Contributions of US$5,022,000 are estimated to be made for the year ending March 31, 2010, excluding amounts due
to be transferred from IBM plans.