Telstra 2011 Annual Report Download - page 184
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Telstra Corporation Limited and controlled entities
169
Notes to the Financial Statements (continued)
(a) Net defined benefit plan (liability)/asset - historical
summary
Our net defined benefit plan (liability)/asset recognised in the
statement of financial position for the current and previous periods
is determined as follows:
(b) Reconciliation of changes in fair value of defined benefit
plan assets
T h e a c t u a l r e t u r n o n d e f i n e d b e n e f i t p l a n a s s e t s w a s 9 . 7 % ( 2 0 1 0 :
4.9%) for Telstra Super and 16.0% (2010: 10.4%) for the HK CSL
Retirement Scheme.
24. Post employment benefits (continued)
Telstra Group
As at 30 June
2011 2010 2009 2008 2007
$m $m $m $m $m
Fair value of defined benefit plan assets (b) . . . . . . . . . . . . . . 2,599 2,546 2,503 3,205 4,342
Present value of the defined benefit obligation (c) . . . . . . . . . . . 2,762 2,934 2,847 3,048 3,646
Net defined benefit (liability)/asset before adjustment for contributions
tax . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (163) (388) (344) 157 696
Adjustment for contributions tax . . . . . . . . . . . . . . . . . . . (31) (69) (62) 25 118
Net defined benefit (liability)/asset at 30 June . . . . . . . . . . . . . (194) (457) (406) 182 814
Comprised of:
Defined benefit asset. . . . . . . . . . . . . . . . . . . . . . . . . 11 7 8 182 814
Defined benefit liability . . . . . . . . . . . . . . . . . . . . . . . . (205) (464) (414) - -
(194) (457) (406) 182 814
Experience adjustments:
Experience adjustments arising on defined benefit plan assets - gain/
(loss) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 89 (56) (593) (525) 261
Experience adjustments arising on defined benefit obligations - gain . . 48 64 72 41 69
Telstra Group
As at 30 June
2011 2010
$m $m
Fair value of defined benefit plan assets at beginning of year. . . . . . . . . . . . . . . . . . 2,546 2,503
Expected return on plan assets . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 197 195
Employer contributions . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 169 185
Contributions tax . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (25) (28)
Member contributions . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 30 53
Benefits paid (i) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (382) (288)
Actuarial gain/(loss) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 89 (56)
Plan expenses after tax . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (13) (12)
Foreign currency exchange differences . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (12) (6)
Fair value of defined benefit plan assets at end of year . . . . . . . . . . . . . . . . . . . . . 2,599 2,546