Experian 2013 Annual Report Download - page 147
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Business review Business overview Governance Financial statements
36. Retirement benefit assets and obligations (continued)
(d) Movements in the fair value of the plans’ assets
2013
US$m
2012
US$m
At 1 April 957 913
Differences on exchange (52) (3)
Expected return on plans’ assets 52 57
Actuarial gains on assets 66 16
Actual return on plans’ assets 118 73
Contributions paid by the Group 11 11
Contributions paid by employees 3 4
Benefits paid (43) (41)
At 31 March 994 957
(e) Amounts recognised in the Group statement of comprehensive income
2013
US$m
2012
US$m
Service cost (8) (9)
Curtailment gain 1–
Charge within labour costs (7) (9)
Finance income/(expense):
Expected return on plans’ assets 52 57
Interest on plans’ liabilities (44) (46)
Net finance income 8 11
Total credit to Group income statement 1 2
Actuarial (losses)/gains recognised within other comprehensive income:
Losses on liabilities (128) (7)
Gains on assets 66 16
Actuarial (losses)/gains recognised within other comprehensive income (62) 9
Total (charge)/credit recognised in the Group statement of comprehensive income (61) 11
(f) Cumulative actuarial gains and losses recognised in the Group retained earnings reserve
2013
US$m
2012
US$m
Losses/(gains) in Experian plans 34 (28)
Losses in Home Retail Group plans recognised prior to the demerger 81 81
Total charge to the Group retained earnings reserve 115 53
(g) Future contributions
As there was a surplus at the date of the 2010 full actuarial valuation of the Experian Pension Scheme, no deficit repayment contributions are
currently required. The next full valuation of the plan will be carried out as at 31 March 2013.
Contributions currently expected to be paid to the Experian Pension Scheme during the year ending 31 March 2014 are US$8m by the Group
and US$3m by its employees.