Ryanair 2011 Annual Report Download - page 178

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176
The current life expectancies underlying the value of the scheme liabilities for the Irish scheme are as
follows:
At March 31,
2011 2010 2009
Retiring at age 60:
Male ................................................................................................
...............................
26.5 26.3 25.8
Female ................................................................................................
...........................
28.1 28.0 27.6
Retiring at age 65:
Male ................................................................................................
...............................
22.2
22.0 21.4
Female ................................................................................................
...........................
23.6
23.5 23.1
The current life expectancies underlying the value of the scheme liabilities for the UK scheme are as
follows:
At March 31,
2011 2010 2009
Retiring at age 60:
Male ................................................................................................
...............................
26.7 26.5 25.5
Female ................................................................................................
...........................
29.6 29.4 28.4
Retiring at age 65:
Male ................................................................................................
...............................
21.7 21.6 20.8
Female ................................................................................................
...........................
24.5 24.4 23.7
The amounts recognised in the consolidated balance sheets in respect of our defined benefit plans are as
follows:
At March 31,
2011 2010 2009
1M 1M 1M
Present value of benefit obligations ................................
................................
(32.8) (35.9) (28.0)
Fair value of plan assets ................................................................
................................
27.9 25.6 17.9
Present value of net obligations ................................................................
.....................
(4.9) (10.3) (10.1)
Related deferred tax asset ................................................................
..............................
0.6 1.3 1.3
Net pension (liability) ................................................................
................................
(4.3) (9.0) (8.8)
The amounts recognised in the consolidated income statements in respect of our defined-benefit plans
are as follows:
Year ended
March 31,
2011
Year ended
March 31,
2010
Year ended
March 31,
2009
1M 1M 1M
Included in payroll costs
Service cost ................................................................................................
.................
0.8 0.6 0.8
Included in finance expense
Interest on pension scheme liabilities ................................
................................
1.9 1.7 1.7
Expected return on plan assets ................................................................
....................
(1.8) (1.2) (1.9)
Net finance expense
................................
................................
................................
0.1 0.5 (0.2)
Net periodic pension cost
................................
................................
..........................
0.9 1.1 0.6