Barclays 2007 Annual Report Download - page 209

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Financial statements
Barclays PLC Annual Report 2007 207
30 Retirement benefit obligations (continued)
The following tables present an analysis of defined benefit obligation and fair value of plan assets for all the Group’s pension schemes and
post-retirement benefits (the latter are unfunded) and present the amounts recognised in the income statement including those related to
post-retirement health care.
Income statement charge
2007 2006 2005
Other post- Other post- Other post-
retirement retirement retirement
Pensions benefits Total Pensions benefits Total Pensions benefits Total
£m £m £m £m £m £m £m £m £m
Staff cost charge
Current service cost 332 2 334 378 21 399 348 22 370
Interest cost 905 8 913 900 8 908 853 4 857
Expected return on scheme assets (1,074) – (1,074) (999) – (999) (898) – (898)
Recognised actuarial loss (1) – (1) 3144–4
Past service cost 20 – 20 29 –2913 114
Curtailment or settlements (32) – (32) (29) – (29) (49) – (49)
Total included in staff costs 150 10 160 282 30 312 271 27 298
Staff costs are included in other operating expenses.
Change in benefit obligation
2007 2006
Post-retirement Post-retirement
Pensions benefits Total Pensions benefits Total
UK Overseas UK Overseas UK Overseas UK Overseas
£m £m £m £m £m £m £m £m £m £m
Benefit obligation at
beginning of the year (17,256) (894) (97) (76) (18,323) (18,149) (938) (103) (79) (19,269)
Current service cost (317) (15) (1) (1) (334) (358) (20) (20) (1) (399)
Interest cost (869) (36) (4) (4) (913) (863) (37) (4) (4) (908)
Past service cost (20) – – – (20) (4) (25) – – (29)
Curtailments or settlements 35 1 – – 36 43 2 – – 45
Actuarial gain/(loss) 1,292 25 19 1 1,337 1,566 15 11 (3) 1,589
Contributions by plan participants (19) (2) – – (21) (15) (2) – – (17)
Benefits paid 589 31 2 15 637 536 40 19 4 599
Business combinations ––––––11 – –11
Exchange and other adjustments 2 (23) 21 (33) (33) (12) 60 – 7 55
Benefit obligation at end of the year (16,563) (913) (60) (98) (17,634) (17,256) (894) (97) (76) (18,323)
The benefit obligation arises from plans that are wholly unfunded and wholly or partly funded as follows:
2007 2006
£m £m
Unfunded obligations (248) (237)
Wholly or partly funded obligations (17,386) (18,086)
Total (17,634) (18,323)