Cathay Pacific 2010 Annual Report Download - page 74

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72
19. Retirement benefits (continued)
Group Company
2010
HK$M
2009
HK$M
2010
HK$M
2009
HK$M
Net (asset)/liability recognised in the statement of
financial position:
Present value of funded obligations 7,615 7,460 6,991 6,870
Fair value of plan assets (8,077) (7,217) (7,396) (6,583)
(462) 243 (405) 287
Net unrecognised actuarial gain/(losses) 244 (27) 206 (63)
(218) 216 (199) 224
Group Company
2010
HK$M
2009
HK$M
2010
HK$M
2009
HK$M
Movements in present value of funded obligations
comprise:
At 1st January 7,460 7,108 6,870 6,522
Movements for the year
– current service cost 324 316 293 284
– interest cost 311 342 285 314
– employee contributions 12 14 12 14
– benefits paid (524) (681) (483) (645)
– actuarial losses 32 361 14 381
At 31st December 7,615 7,460 6,991 6,870
Group Company
2010
HK$M
2009
HK$M
2010
HK$M
2009
HK$M
Movements in fair value of plan assets comprise:
At 1st January 7,217 5,924 6,583 5,426
Movements for the year
– expected return on plan assets 518 371 469 337
– employee contributions 12 14 12 14
– employer contributions 552 382 532 359
– benefits paid (524) (681) (483) (645)
– actuarial gains 302 1,207 283 1,092
At 31st December 8,077 7,217 7,396 6,583
Notes to the Accounts STATEMENT OF FINANCIAL POSITION