National Grid 2005 Annual Report Download - page 49
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NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (continued)
The following table provides a reconciliation of the changes in the Plans’ fair value of assets for the fiscal years 2005 and 2004, the expected contributions to the
trust in the following fiscal year, and the percentage distribution of the fair market value of the types of assets held in the benefit plans’ trusts.
49
National Grid USA / Annual Report
(in thousands)
2005 2004 2005 2004 2005 2004
Change in plan as s ets :
Beginning balance, April 1, 1,947,572$ 1,606,971$ -$ -$ 907,995$ 588,686$
Actual return on plan assets 134,990 462,876 - - 49,373 154,039
Employer contributions 130,316 155,090 10,053 9,788 59,715 205,945
Benefit payments (252,254) (144,292) (8,995) (8,399) (94,910) (40,675)
Settlements - (133,073) (1,058) (1,389) - -
Dispositions - - - - - -
Ending balance, March 31, 1,960,624$ 1,947,572$ -$ -$ 922,173$ 907,995$
Dis tribution of plan as s ets, March 31,
Debt securities 34% 34% N/A N/A 39% 36%
Equity securities 65% 64% N/A N/A 59% 62%
Property/real estate 0% 1% N/A N/A 0% 0%
Other 1% 1% N/A N/A 2% 2%
100% 100% N/A N/A 100% 100%
Estimated contributions in following year 130,000$ 135,000$ 9,160$ 8,405$ 95,000$ 89,000$
PBOP
Pension Plans
Qualified
Nonqualified
Pension Plans