Aviva 2009 Annual Report Download - page 239

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Performance review
Aviva plc Notes to the consolidated financial statements continued
Corporate responsibility
Annual Report and Accounts 2009
Governance
Shareholder information
Financial statements IFRS
Financial statements MCEV
Other information
47 – Pension obligations continued
(viii) Movements in the scheme deficits and surpluses
Movements in the pension schemes’ deficits and surpluses comprise:
2009
Adjust for
Pension Group IAS 19
Scheme Scheme scheme insurance pensions
assets liabilities deficits policies deficits
£m £m £m £m £m
Deficits in the schemes at 1 January 9,338 (9,951) (613) (1,402) (2,015)
Employer contributions 294 — 294 (62) 232
Employee contributions 18 (18) — (8) (8)
Benefits paid (392) 392 — 46 46
Current and past service cost (see (iv) above) — (156) (156) — (156)
Gains/(losses) on curtailments and settlements (see (iv) above) (19) 68 49 — 49
Credit/(charge) to investment income (see (iv) above) 466 (591) (125) (58) (183)
Other actuarial gains/(losses) (see (iv) above) 543 (1,701) (1,158) 18 (1,140)
Buy-outs and other transfers (1) 1 — 2 2
Exchange rate movements on foreign plans (142) 144 2 113 115
10,105 (11,812) (1,707) (1,351) (3,058)
Deficits in the schemes at 31 December
2008
Adjust for
Pension Group IAS 19
Scheme Scheme scheme insurance pensions
assets liabilities deficits policies deficits
£m £m £m £m £m
Deficits in the schemes at 1 January 9,839 (10,017) (178) (1,025) (1,203)
Employer contributions 620 — 620 (70) 550
Employee contributions 24 (24) — (7) (7)
Benefits paid (368) 368 — 39 39
Current and past service cost (see (iv) above) (5) (158) (163) — (163)
Losses on curtailments (see (iv) above) — (3) (3) — (3)
Credit/(charge) to investment income (see (iv) above) 706 (585) 121 (64) 57
Other actuarial gains/(losses) (see (iv) above) (1,951) 964 (987) 58 (929)
Buy-outs and other transfers (1) 1 — 1 1
Exchange rate movements on foreign plans 474 (497) (23) (334) (357)
Deficits in the schemes at 31 December 9,338 (9,951) (613) (1,402) (2,015)
The change in the pension schemes’ net deficits during 2009 is mainly attributable to the unfavourable changes in assumptions
underlying the present value of the schemes’ liabilities, partly offset by a rise in equity and property investment values.
Financial statements IFRS