National Grid 2016 Annual Report Download - page 137
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22. Pensions and other post-retirement benefits continued
Reconciliation of the net defined benefit liability
2016
£m
2015
£m
2014
£m
Opening net defined benefit liability (3,258) (2,411) (3,497)
Cost recognised in the income statement (364) (330) (175)
Remeasurement effects recognised in the statement ofothercomprehensive income 458 (1,007) 671
Employer contributions 587 508 596
Other movements (8) (18) (6)
Closing net defined benefit liability (2,585) (3,258) (2,411)
The geographical split of pensions and other post-retirement benefits is as shown below:
UK pensions US pensions US other post-retirement benefits
2016
£m
2015
£m
2014
£m
2016
£m
2015
£m
2014
£m
2016
£m
2015
£m
2014
£m
Opening net defined benefit liability (672) (753) (1,169) (1,003) (523) (740) (1,583) (1,135) (1,588)
(Cost)/credit recognised in the income statement (116) (131) (173) (137) (110) (101) (111) (89) 99
Remeasurement effects recognised in the statement
ofothercomprehensive income 534 (46) 354 (100) (496) 141 24 (465) 176
Employer contributions 239 258 235 231 126 174 117 124 187
Other movements –– – –– 3 (8) (18) (9)
Closing net defined benefit liability (15) (672) (753) (1,009) (1,003) (523) (1,561) (1,583) (1,135)
Financial Statements
135National Grid Annual Report and Accounts 2015/16 Financial Statements