BT 2012 Annual Report Download - page 133
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130 Financial statements
Notes to the consolidated financial statements
Movements in defined benefit plan assets and liabilities
The table below shows the movements on the plan assets and liabilities in the year and indicates where they are reflected in the financial
statements.
Assets Liabilities Deficit
£m £m £m
At 1 April 2010 35,429 (43,293) (7,864)
Current service cost – (297) (297)
Interest expense on pension plan liabilities – (2,323) (2,323)
Expected return on pension plan assetsa2,244 – 2,244
Included in the group income statement 2,244 (2,620) (376)
Actuarial gain arising on plan assetsa234 – 234
Actuarial gain arising on defined benefit liabilities – 4,875 4,875
Included in the group statement of comprehensive income 234 4,875 5,109
Regular contributions by employer 283 – 283
Deficit contributions by employer 1,030 – 1,030
Included in the group cash flow statement 1,313 – 1,313
Contributions by employees 15 (15) –
Benefits paid (2,011) 2,014 3
Other movements – (15) (15)
Exchange differences (2) 2 –
Other movements (1,998) 1,986 (12)
At 1 April 2011 37,222 (39,052) (1,830)
Current service cost – (267) (267)
Interest expense on pension plan liabilities – (2,092) (2,092)
Expected return on pension plan assetsa2,289 – 2,289
Included in the group income statement 2,289 (2,359) (70)
Actuarial loss arising on plan assetsa(1,070) – (1,070)
Actuarial loss arising on defined benefit liabilities – (1,674) (1,674)
Included in the group statement of comprehensive income (1,070) (1,674) (2,744)
Regular contributions by employer 179 – 179
Deficit contributions by employer 2,000 – 2,000
Included in the group cash flow statement 2,179 – 2,179
Contributions by employees 14 (14) –
Benefits paid (2,087) 2,091 4
Other movements –55
Exchange differences (6) 14 8
Other movements (2,079) 2,096 17
At 31 March 2012 38,541 (40,989) (2,448)
aThe actual return on plan assets in 2012 was a gain of £1,219m (2011: £2,478m).
20. Retirement benefit plans continued
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