Lenovo 2016 Annual Report Download - page 237

235
2015/16 Annual Report Lenovo Group Limited
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, 2016
Less than
a year
US$’000
Between
1-2 years
US$’000
Between
2-5 years
US$’000
Over
5 years
US$’000
Total
US$’000
Pension benefits 14,943 15,566 54,300 856,889 941,698
Post-employment medical benefits 801 869 3,080 40,515 45,265
Total 15,744 16,435 57,380 897,404 986,963
Pension and medical plan assets do not include any of the Company’s ordinary shares or US real estate
occupied by the Group (2015: nil).
Reconciliation of fair value of plan assets of the Group:
Pension Medical
2016
US$’000
2015
US$’000
2016
US$’000
2015
US$’000
Opening fair value 284,229 266,875 5,333 5,545
Exchange adjustment 9,866 (33,710)1(1)
Interest income 5,995 6,150 85 146
Remeasurements:
Experience (loss)/gain (3,504)29,210 (76)(140)
Contributions by the employer 12,770 13,906 21 30
Contributions by plan participants 615 408 ––
Benefits paid (17,229)(15,677)(1,175)(247)
Acquisition of businesses –17,067 ––
Closing fair value 292,742 284,229 4,189 5,333
Actual return on plan assets 2,491 35,360 96
Contributions of US$7,146,000 are estimated to be made for the year ending March 31, 2017.