Experian 2010 Annual Report Download - page 139

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137
Introduction
2 – 11
Business review
12 – 51
Governance
52 – 84
Financial statements
85 – 160
30. Retirement benet obligations (continued)
(iii) Movement in the present value of the total dened benet obligations
2010
US$m
2009
US$m
At 1 April 653 913
Differences on exchange 28 (252)
Current service cost 10 13
Interest on plans’ liabilities 48 52
Settlement or curtailment - (3)
Actuarial losses/(gains) on liabilities 206 (34)
Contributions paid by employees 4 4
Benets paid (39) (40)
At 31 March 910 653
The total dened benet obligations of US$910m (2009: US$653m) include US$860m (2009: US$614m) in respect of the Group’s
funded arrangements and US$50m (2009: US$39m) in respect of the Group’s unfunded arrangements.
(iv) Movement in the fair value of the plans’ assets
2010
US$m
2009
US$m
At 1 April 595 1,045
Differences on exchange 25 (261)
Expected return on plans’ assets 47 69
Actuarial gains/(losses) on assets 178 (236)
Contributions paid by the Group 12 14
Contributions paid by employees 4 4
Benets paid (39) (40)
At 31 March 822 595
The actual return on plans’ assets was a gain of US$225m (2009: loss of US$167m).
(v) Expense/(income) recognised in the Group income statement
2010
US$m
2009
US$m
Administrative costs:
Current service cost 10 13
Curtailment gain - (3)
Administrative costs 10 10
Net nance expense/(income):
Interest on plans’ liabilities 48 52
Expected return on plans’ assets (47) (69)
Net nance expense/(income) 1 (17)
Total charge/(credit) to Group income statement 11 (7)
The curtailment gain of US$3m in the year ended 31 March 2009 arose principally from the restructuring of continuing businesses
in the UK.
(vi) Actuarial gains and losses recognised within other comprehensive income
2010
US$m
2009
US$m
Losses/(gains) on liabilities 206 (34)
(Gains)/losses on assets (178) 236
Total losses recognised within other comprehensive income 28 202