Telstra 2013 Annual Report Download - page 155
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NOTES TO THE
FINANCIAL STATEMENTS
(CONTINUED)
FINANCIAL STATEMENTS
Telstra Corporation Limited and controlled entities Telstra Annual Report 2013 153
(a) Net defined benefit plan (liability)/asset - historical
summary
Our net defined benefit plan liability recognised in the statement of
financial position for the current and previous periods is determined
as follows:
(b) Reconciliation of changes in fair value of defined benefit
plan assets
The actual return on defined benefit plan assets was 15.5 per cent
(2012: nil) for Telstra Super and 10.2 per cent (2012: (5.1 per cent)
loss) for the CSL Retirement Scheme.
24. POST EMPLOYMENT BENEFITS (CONTINUED)
Telstra Group
As at 30 June
2013 2012 2011 2010 2009
$m $m $m $m $m
Fair value of defined benefit plan assets (b) . . . . . . . . . . . . . . . . 2,944 2,559 2,599 2,546 2,503
Present value of the defined benefit obligation (c) . . . . . . . . . . . . . 2,977 3,266 2,762 2,934 2,847
Net defined benefit liability before adjustment for contributions tax . . . . (33) (707) (163) (388) (344)
Adjustment for contributions tax . . . . . . . . . . . . . . . . . . . . . . (6) (124) (31) (69) (62)
Net defined benefit liability at 30 June . . . . . . . . . . . . . . . . . . . . . (39) (831) (194) (457) (406)
Comprised of:
Defined benefit asset. . . . . . . . . . . . . . . . . . . . . . . . . . . . 3-11 7 8
Defined benefit liability . . . . . . . . . . . . . . . . . . . . . . . . . . . (42) (831) (205) (464) (414)
(39) (831) (194) (457) (406)
Experience adjustments
Experience adjustments arising on defined benefit plan assets - gain/
(loss) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 263 (207) 89 (56) (593)
Experience adjustments arising on defined benefit obligations - gain . . . 33 26 48 64 72
Telstra Group
As at 30 June
2013 2012
$m $m
Fair value of defined benefit plan assets at beginning of year . . . . . . . . . . . . . . . . . . . . . 2,559 2,599
Expected return on plan assets . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 194 200
Employer contributions . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 145 157
Contributions tax . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (22) (24)
Member contributions . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 66 47
Benefits paid (i). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (244) (202)
Actuarial gain/(loss) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 263 (207)
Plan expenses after tax . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (23) (13)
Foreign currency exchange differences . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 62
Fair value of defined benefit plan assets at end of year . . . . . . . . . . . . . . . . . . . . . . . . . 2,944 2,559