Barclays 2006 Annual Report Download - page 267

Barclays PLC
Annual Report 2006 263
Financial statements
3
60 Differences between IFRS and US GAAP accounting principles (continued)
(c) Pensions and post-retirement benefits (continued)
2006
Post-
retirement
Pensions benefits
£m £m
The funded status consists of:
Current liabilities (1) (5)
Non-current liabilities (1,167) (123)
(1,168) (128)
Amounts recognised in accumulated other comprehensive income consist of:
Net loss 876 62
Prior service cost 10 –
Net transition obligation –4
Accumulated other comprehensive income before deferred tax 886 66
Deferred tax (266) (20)
Accumulated other comprehensive income after deferred tax 620 46
The estimated Pension net gains and losses, prior service costs, and transition assets that are expected to be amortised from accumulated other
comprehensive income into net periodic benefit cost for 2007 are:
2006
Post-
retirement
Pensions benefits
£m £m
Net loss –3
Prior service cost 1–
Net transition amount ––
Total estimated amortisation for 2007 from accumulated other comprehensive income 13
A one percentage point change in assumed health care trend rates would have the following effects for 2006:
2006
1% increase 1% decrease
£m £m
Effect on service and interest cost component 2(1)
Effect on post-retirement benefit obligation 22 (19)