Barclays 2003 Annual Report Download - page 178

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Notes to the Accounts
For the Year Ended 31st December 2003
176
60 Retirement benefits (continued)
2003 2003
UK schemes Overseas schemes
As % of As % of
present present
As % of value of As % of value of
scheme scheme scheme scheme
Analysis of amounts which would have been included in the assets liabilities assets liabilities
statement of total recognised gains and losses £m%%£m%%
Actual return less expected return on scheme assets 9388–177–
Experience gains and losses arising on the scheme liabilities 155–1(1)––
Changes in assumptions underlying the present value of
scheme liabilities (1,624) – 12 (23) – 8
Actuarial (loss)/gain recognised in statement of total
recognised gains and losses (531) – 4 (7) – 3
2003
Post-
UK Overseas retirement
pension pension health
Analysis of movements in pension scheme and post-retirement schemes schemes care
health care surpluses/(deficits) during 2003 £m £m £m
Surplus/(deficit) in the schemes at beginning of year (1,489) (39) (59)
Contributions 66934
Current service cost (284) (4) (1)
Past service cost (9) (3) –
Settlements and curtailments 13 – –
Exchange movements –15
Other finance income/(cost) 47 (3) (4)
Actuarial loss (528) (3) (7)
Acquisition gain (9) 14 –
Deficit in the schemes at end of year (1,590) (34) (62)
Contributions of £669m include a payment of £500m in December 2003, as described in Note 4.
2002 2002
UK schemes Overseas schemes
As % of As % of
present present
As % of value of As % of value of
scheme scheme scheme scheme
Analysis of amounts which would have been included in the assets liabilities assets liabilities
statement of total recognised gains and losses £m % % £m % %
Actual return less expected return on scheme assets (2,153) 21 – (31) 18 –
Experience gains and losses arising on the scheme liabilities 36 – – (2) – 1
Changes in assumptions underlying the present value of
scheme liabilities 295 – 2 2 – 1
Actuarial (loss)/gain recognised in statement of total
recognised gains and losses (1,822) – 15 (31) – 14
2002
Post-
UK Overseas retirement
pension pension health
Analysis of movements in pension scheme and post-retirement schemes schemes care
health care surpluses/(deficits) during 2002 £m £m £m
Surplus/(deficit) in the schemes at beginning of year 414 (8) (54)
Contributions 42 1 4
Current service cost (316) (5) (1)
Past service cost (18) (1) –
Settlements and curtailments (6) 1 –
Exchange movements –24
Other finance income/(cost) 209 2 (4)
Actuarial loss (1,814) (31) (8)
Deficit in the schemes at end of year (1,489) (39) (59)