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FINANCIAL STATEMENTS Aer Lingus Group Plc
Annual Report 2011 99
Notes to the consolidated financial statements (continued)
The charge/(credit) to the income statement in respect of these obligations are as follows:
2
20
01
11
12010
¤
¤’
’0
00
00
0¤’000
Funded (a) (
(4
45
56
6)
)720
Unfunded (b) 4
4,
,0
06
66
62,577
3
3,
,6
61
10
03,297
Actuarial losses/(gains) recognised in the statement of other comprehensive income during the year:
2
20
01
11
12010
¤
¤’
’0
00
00
0¤’000
Funded (a) 3
3,
,2
21
18
8(2,632)
Unfunded (b) 1
1,
,6
67
75
5(3,542)
4
4,
,8
89
93
3(6,174)
Cumulative actuarial (gains)/losses recognised in the statement of other comprehensive income:
2
20
01
11
12010
¤
¤’
’0
00
00
0¤’000
Funded (a) 5
58
86
6(2,632)
Unfunded (b) (1
1,
,8
86
67
7)
)(3,542)
(
(1
1,
,2
28
81
1)
)(6,174)
The dates of the most recent actuarial valuations in respect of the various schemes are as follows:
V
Va
al
lu
ua
at
ti
io
on
n D
Da
at
te
e
F
Fu
un
nd
de
ed
d
North American Pension 31/12/2011
Other 31/03/2009
U
Un
nf
fu
un
nd
de
ed
d
Post Retirement Income Streaming 31/12/2011
North American Post Retirement Medical Benefit 31/12/2011
Valuations are not available for public inspection; however they are available to the members of the above schemes.
(
(a
a)
)F
Fu
un
nd
de
ed
d
The group operates a defined benefit scheme for qualifying employees in its operation in North America. Under the scheme,
employees are entitled to retirement benefits of 50% of final average compensation as a lump sum, plus 1% final average
compensation for each year of membership, on attainment of retirement age of 65. Retirement benefits are reduced for service less
than 20 years. The scheme has 119 members (2010: 130) with benefit accruals and plan participation frozen.
The group also operates a non contributory defined benefit scheme in respect of two retired Irish executives.