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26. Post employment benets (continued)
Charges made to the consolidated income statement and consolidated statement of comprehensive income (‘SOCI’) on the basis of the
assumptions stated above are:
2015 20142013
£m £m £m
Current service cost 37 14 27
Net interest charge 320 12
Total included within staff costs 40 34 39
Actuarial losses/(gains) recognised in the SOCI1269 (57) 238
Note:
1 Amounts disclosed in the SOCI are stated net of £57 million of tax (2014: £20 million, 2013: £56 million).
Fair value of the assets and present value of the liabilities of the schemes
The amount included in the statement of nancial position arising from the Group’s obligations in respect of its dened benet schemes is as follows:
Assets Liabilities Net decit
£m £m £m
1 April 2013 3,723 (4,251) (528)
Service cost – (14) (14)
Interest income/(cost) 162 (182) (20)
Return on plan assets excluding interest income (114) – (114)
Actuarial gains arising from changes in demographic assumptions – 35 35
Actuarial gains arising from changes in nancial assumptions – 44 44
Actuarial gains arising from experience adjustments – 92 92
Employer cash contributions 51 – 51
Member cash contributions 7(7) –
Benets paid (81) 81 –
Liabilities assumed in business combinations – (121) (121)
Exchange rate movements (13) 17 4
Other movements 107 (85) 22
31 March 2014 3,842 (4,391) (549)
Service cost – (37) (37)
Interest income/(cost) 176 (179) (3)
Return on plan assets excluding interest income 721 – 721
Actuarial losses arising from changes in nancial assumptions – (982) (982)
Actuarial losses arising from experience adjustments – (8) (8)
Employer cash contributions 404 – 404
Member cash contributions 9(9) –
Benets paid (95) 95 –
Exchange rate movements (83) 116 33
Other movements (18) 41 23
31 March 2015 4,956 (5,354) (398)
An analysis of net (decit)/assets is provided below for the Group as a whole.
2015 2014 201320122011
£m £m £m £m £m
Analysis of net (decit)/assets:
Total fair value of scheme assets 4,956 3,842 3,723 1,604 1,558
Present value of funded schemeliabilities (5,288) (4,325) (4,239) (1,853) (1,488)
Net (decit)/assets for funded schemes (332) (483) (516) (249) 70
Present value of unfunded scheme liabilities (66) (66) (12) (12) (13)
Net (decit)/assets (398) (549) (528) (261) 57
Net (decit)/assets are analysed as:
Assets 169 35 52 3197
Liabilities (567) (584) (580) (292) (40)
Notes to the consolidated nancial statements (continued)
Vodafone Group Plc
Annual Report 2015
160