Qantas 2013 Annual Report Download - page 144

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142
Qantas Group
2013
$M
2012
$M
CHANGES IN THE PRESENT VALUE OF DEFINED BENEFIT OBLIGATION
Opening dened benet obligation 2,561 2,274
Current service cost 162 154
Interest cost 99 106
Actuarial (gains)/losses (279) 183
Exchange differences on foreign plans 11 3
Benets paid (215) (159)
Liabilities acquired in a business combination 87 –
Closing dened benet obligation 2,426 2,561
CHANGES IN THE FAIR VALUE OF PLAN ASSETS
Opening fair value of plan assets 2,082 2,101
Expected return 143 151
Actuarial gains/(losses) 106 (178)
Exchange differences on foreign plans 11 2
Contributions by employer 135 138
Contributions by plan participants 26 27
Benets paid (215) (159)
Assets acquired in a business combination 79 –
Closing fair value of plan assets 2,367 2,082
EXPENSE RECOGNISED IN THE CONSOLIDATED INCOME STATEMENT
Gross service cost 144 137
Plan expenses 45
Increase in allowance for contributions tax on net liability 14 12
Interest cost 99 106
Contributions by plan participants (26) (27)
Expected return on plan assets (143) (151)
Actuarial losses 50 20
Total expense included in manpower and staff related expenditure 142 102
ACTUAL RETURN GAIN/LOSS ON PLAN ASSETS
Actual return gain/(loss) on plan assets 249 (27)
MAJOR CATEGORIES OF PLAN ASSETS AS A PERCENTAGE OF TOTAL PLAN ASSETS %%
Equity instruments (Australian and overseas) 50 50
Fixed interest, cash and indexed bonds (Australian and overseas) 30 30
Property 55
Alternative assets 15 15
Notes to the Financial Statements continued
FOR THE YEAR ENDED 30 JUNE 2013
31. Superannuation continued