Experian 2007 Annual Report Download - page 97

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Experian Annual Report2007 |95
24. Retirement benefit assets/obligations (continued)
(a) Defined Benefit Schemes (continued)
(iii) The movements during the year in the retirement benefit asset recognised in the Group balance sheet were as follows:
UK Overseas Total
2007 2006 2007 2006 2007 2006
US$m US$m US$m US$m US$m US$m
At 1 April 39 (190) (8) (21) 31 (211)
Reclassification of obligation (8) –8–––
Other charge to profit and loss account reserve
in respect of the Argos Pension Scheme (41) –––(41) –
Liabilities disposed with the sale of overseas businesses –––45 –45
Differences on exchange 10 9–110 10
Total amounts recognised in the Group income statement
–as disclosed above (18) (53) –(5) (18) (58)
Actuarial gain/(loss) recognised in the Group statement of
recognised income and expense 65 44 –(31) 65 13
Contributions paid by the Group 38 229 –338 232
At 31 March 85 39 –(8) 85 31
(iv) The expense is recognised in the following line items in the Group income statement:
2007 2006
US$m US$m
Administrative costs (after exceptional income of US$4m (2006: US$nil)) 17 26
Net financing income (16) (9)
Continuing operations 117
Discontinued operations 17 41
Total charge to Group income statement 18 58
(v) Actuarial gains and losses recognised in the Group statement of recognised income and expense are as follows:
2007 2006
US$m US$m
Gain/(loss) on liabilities 75 (80)
(Loss)/gain on assets (3) 109
Continuing operations 72 29
Discontinued operations (7) (16)
Total gain included in Group statement of recognised income and expense in year 65 13
Cumulative actuarial gain/(loss) included in Group statement of recognised income and expense comprises:
2007 2006
US$m US$m
Continuing operations 127 55
Discontinued operations (81) (74)
Total cumulative actuarial gain/(loss) included in Group statement of recognised income and expense 46 (19)