Ryanair 2004 Annual Report Download - page 56

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26 PENSIONS (Continued)
(b) FRS 17 disclosures (continued)
The following tables set out the components of the defined benefit costs which would have been included in the profit and loss
account for the year ended March 31, 2004 and 2003 if FRS 17 had been applied:
2004 2003
000 000
Included in finance costs
Expected return on pension scheme assets (664) (795)
Interest on pension scheme liabilities 766 509
Net finance costs 102 (286)
Included in payroll costs
Current service costs 704 960
Total costs in accordance with FRS 17 806 674
The following table sets out the amounts that would have been recognised in the Statement of Total Recognised Gains and
Losses (STRGL) for the year ended March 31, 2004 and 2003 if FRS 17 had been applied:
2004 2003
000 000
Actual return less expected return on pension schemes assets 1,903 (2,910)
Experience losses on scheme liabilities (407) (784)
Changes in financial and demographic assumptions underlying present value of scheme liabilities (1,193) (1,992)
Actuarial gains/(losses) recognised in the STRGL 303 (5,686)
(Continued)
Notes
56
A N N U A L R E P O RT & F I N A N C I A L S T A T E M E N T S 2 0 0 4