Peachtree 2012 Annual Report Download - page 104
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Operating assets and liabilities continued
8 Post-employment benefits continued
Changes in the present value of the defined benefit obligation
2012
£m
2011
£m
At 1 October (29.5) (26.2)
Exchange movement 2.2 (1.4)
Service cost (1.4) (1.5)
Plan participant contributions (0.7) (0.7)
Interest cost (0.9) (0.9)
Reclassification –(0.3)
Actuarial (loss)/gain on benefit obligation (0.5) 1.5
At 30 September (30.8) (29.5)
Changes in the fair value of plan assets
2012
£m
2011
£m
At 1 October 17.8 14.9
Exchange movement (1.2) 1.4
Expected return on plan assets 0.4 0.4
Employer’s contributions 0.9 0.9
Employee’s contributions 0.7 0.7
Actuarial loss on plan assets (2.1) (0.5)
At 30 September 16.5 17.8
Analysis of the movement in the balance sheet liability
2012
£m
2011
£m
At 1 October (11.7) (11.3)
Exchange movement 1.0 –
Total expense as recognised in the income statement (1.9) (2.0)
Contributions paid 0.9 0.9
Reclassification –(0.3)
Actuarial (loss)/gain (2.6) 1.0
At 30 September (14.3) (11.7)
The reduction on plan assets was £1.7m (2011: £0.1m reduction).
History of experience gains and losses
2012
£m
2011
£m
2010
£m
2009
£m
2008
£m
Present value of defined benefit obligation (30.8) (29.5) (26.2) (31.7) (20.0)
Fair value of plan assets 16.5 17.8 14.9 19.9 16.1
Deficit (14.3) (11.7) (11.3) (11.8) (3.9)
Experience adjustments on plan liabilities 0.5 (1.5) 0.1 (0.2) (3.5)
Experience adjustments on plan assets 2.1 0.5 0.2 0.5 0.7
Cumulative actuarial gains and losses recognised outside profit or loss
2012
£m
2011
£m
At 1 October 1.3 0.3
Actuarial (losses)/gains recognised in the year (before tax) (2.6) 1.0
At 30 September (1.3) 1.3
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