Ryanair 2010 Annual Report Download - page 182
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180
The current life expectancies underlying the value of the scheme liabilities for the UK scheme are as
follows:
At March 31,
2010 2009 2008
Retiring at age 60:
Male................................................................................................
.............
26.5 25.5 25.5
Female ................................................................................................
.........
29.4 28.4 28.4
Retiring at age 65:
Male................................................................................................
.............
21.6 20.8 20.8
Female ................................................................................................
.........
24.4 23.7 23.7
The amounts recognised in the consolidated balance sheets in respect of our defined benefit plans are
as follows:
At March 31,
2010 2009 2008
1M 1M 1M
Present value of benefit obligations................................
.............................
(35.9) (28.0) (27.0)
Fair value of plan assets................................................................
...............
25.6 17.9 25.0
Present value of net obligations ................................................................
...
(10.3) (10.1) (2.0)
Related deferred tax asset ................................................................
............
1.3 1.3 0.2
Net pension (liability)................................................................
..................
(9.0) (8.8) (1.8)
The amounts recognised in the consolidated income statements in respect of our defined-benefit plans
are as follows:
Year ended
March 31,
2010
Year ended
March 31,
2009
Year ended
March 31,
2008
1M 1M 1M
Included in payroll costs
Service cost................................................................................................
..
0.6 0.8 1.3
Included in finance expense
Interest on pension scheme liabilities ................................
..........................
1.7 1.7 1.8
Expected return on plan assets................................................................
.....
(1.2) (1.9) (2.0)
Net finance expense................................................................
.....................
0.5 (0.2) (0.2)
Net periodic pension cost................................................................
...........
1.1 0.6 1.1
Analysis of amounts included in the Consolidated Statements of Comprehensive Income (“CSOCI”);
Year ended
March 31,
2010
Year ended
March 31,
2009
Year ended
March 31,
2008
1M 1M 1M
Actual return less expected return on pension scheme assets
......................
5.6 (9.8) (6.6)
Experience gains on scheme liabilities ................................
........................
0.5 0.9 1.6
Changes in assumptions underlying the present value of scheme
liabilities ................................................................................................
..
(6.1) 0.3 10.1
Actuarial (losses)/gains recognised in the CSOCI ................................
.......
- (8.6) 5.1
Related deferred tax asset/(liability) ................................
............................
- 1.1 (0.6)
Net actuarial (losses)/gains recognised in the CSOCI................................
..
- (7.5) 4.5