Lenovo 2015 Annual Report Download - page 204
Download and view the complete annual report
Please find page 204 of the 2015 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.-
1 -
2
-
3
-
4
-
5
-
6
-
7
-
8
-
9
-
10
-
11
-
12
-
13
-
14
-
15
-
16
-
17
-
18
-
19
-
20
-
21
-
22
-
23
-
24
-
25
-
26
-
27
-
28
-
29
-
30
-
31
-
32
-
33
-
34
-
35
-
36
-
37
-
38
-
39
-
40
-
41
-
42
-
43
-
44
-
45
-
46
-
47
-
48
-
49
-
50
-
51
-
52
-
53
-
54
-
55
-
56
-
57
-
58
-
59
-
60
-
61
-
62
-
63
-
64
-
65
-
66
-
67
-
68
-
69
-
70
-
71
-
72
-
73
-
74
-
75
-
76
-
77
-
78
-
79
-
80
-
81
-
82
-
83
-
84
-
85
-
86
-
87
-
88
-
89
-
90
-
91
-
92
-
93
-
94
-
95
-
96
-
97
-
98
-
99
-
100
-
101
-
102
-
103
-
104
-
105
-
106
-
107
-
108
-
109
-
110
-
111
-
112
-
113
-
114
-
115
-
116
-
117
-
118
-
119
-
120
-
121
-
122
-
123
-
124
-
125
-
126
-
127
-
128
-
129
-
130
-
131
-
132
-
133
-
134
-
135
-
136
-
137
-
138
-
139
-
140
-
141
-
142
-
143
-
144
-
145
-
146
-
147
-
148
-
149
-
150
-
151
-
152
-
153
-
154
-
155
-
156
-
157
-
158
-
159
-
160
-
161
-
162
-
163
-
164
-
165
-
166
-
167
-
168
-
169
-
170
-
171
-
172
-
173
-
174
-
175
-
176
-
177
-
178
-
179
-
180
-
181
-
182
-
183
-
184
-
185
-
186
-
187
-
188
-
189
-
190
-
191
-
192
-
193
-
194 -
195 -
196 -
197 -
198 -
199 -
200 -
201 -
202 -
203 -
204 -
205 -
206 -
207 -
208 -
209 -
210 -
211 -
212 -
213 -
214 -
215
 |
 |
202 Lenovo Group Limited 2014/15 Annual Report
NOTES TO THE FINANCIAL STATEMENTS
35 RETIREMENT BENEFIT OBLIGATIONS (continued)
(c) Additional information on post-employment benefits (pension and medical) (continued)
Expected maturity analysis of undiscounted pension and post-employments medical benefits:
At March 31, 2015
Less than
a year
Between
1-2 years
Between
2-5 years
Over
5 years Total
US$’000 US$’000 US$’000 US$’000 US$’000
Pension benefits 13,286 13,709 47,909 799,171 874,075
Post-employment medical benefits 4,512 4,878 2,800 29,341 41,531
Total 17,798 18,587 50,709 828,512 915,606
Pension and medical plan assets do not include any of the Company’s ordinary shares or US real estate occupied by
the Group (2014: nil).
Reconciliation of fair value of plan assets of the Group:
Pension Medical
2015 2014 2015 2014
US$’000 US$’000 US$’000 US$’000
Opening fair value 266,875 275,422 5,545 5,878
Exchange adjustment (33,710) (12,285) (1) (1)
Interest income 6,150 5,965 146 160
Remeasurements:
Return on plan assets
excluding interest income –1,015 ––
Experience gain/(loss) 29,210 (281) (140) (146)
Contributions by the employer 13,906 19,698 30 27
Contributions by plan participants 408 415 ––
Benefits paid (15,677) (23,074) (247) (373)
Acquisition of businesses 17,067 –––
Closing fair value 284,229 266,875 5,333 5,545
Actual return on plan assets 35,360 6,699 614
Contributions of US$5,607,984 are estimated to be made for the year ending March 31, 2016.