Experian 2015 Annual Report Download - page 158

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(b) Movements in net post-employment benefit assets/(obligations) recognised in the balance sheet
Fair value of
plan assets
US$m
Present value of obligations Net post-
employment
benefit assets/
(obligations)
US$m
Defined
pension
benefits –
funded
US$m
Defined
pension
benefits –
unfunded
US$m
Post-
employment
medical
benefits
US$m
Total
US$m
At 1 April 2014 1,104 (1,030) (50) (11) (1,091) 13
Income statement (charge)/credit:
Current service cost – (7) (1) – (8) (8)
Administration expenses – (2) – – (2) (2)
Interest income/(expense) 46 (43) (2) – (45) 1
Total (charge)/credit to income statement 46 (52) (3) – (55) (9)
Remeasurements:
Return on plan assets other than interest 113 – – – – 113
Losses from change in demographic
assumptions – – (2) – (2) (2)
Losses from change in financial assumptions – (124) (3) – (127) (127)
Experience gains/(losses) – – (1) 2 1 1
Remeasurement of post-employment
benefit assets and obligations 113 (124) (6) 2 (128) (15)
Differences on exchange (136) 129 5 – 134 (2)
Contributions paid by the Group 8 – 2 1 3 11
Contributions paid by employees 3 (3) – – (3) –
Benefits paid (44) 44 – – 44 –
At 31 March 2015 1,094 (1,036) (52) (8) (1,096) (2)
Fair value of
plan assets
US$m
Present value of obligations Net post-
employment
benefit assets
US$m
Defined pension
benefits –
funded
US$m
Defined pension
benefits –
unfunded
US$m
Post-
employment
medical
benefits
US$m
Total
US$m
At 1 April 2013 994 (914) (45) (11) (970) 24
Income statement (charge)/credit:
Current service cost – (8) (1) – (9) (9)
Administration expenses – (2) – – (2) (2)
Interest income/(expense) 46 (42) (2) – (44) 2
Total (charge)/credit to income statement 46 (52) (3) – (55) (9)
Remeasurements:
Return on plan assets other than interest (2) – – – – (2)
Losses from change in
demographic assumptions – (17) (1) (1) (19) (19)
Gains from change in financial assumptions – 8 – – 8 8
Experience gains/(losses) – (4) 1 2 (1) (1)
Remeasurement of post-employment
benefit assets and obligations (2) (13) – 1 (12) (14)
Differences on exchange 96 (90) (3) (1) (94) 2
Contributions paid by the Group 7 – 2 1 3 10
Contributions paid by employees 3 (3) – – (3) –
Benefits paid (40) 42 (1) (1) 40 –
At 31 March 2014 1,104 (1,030) (50) (11) (1,091) 13
157
•
Notes to the Group nancial statements Financial statements