Telstra 2012 Annual Report Download - page 187
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Telstra Corporation Limited and controlled entities
157
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
The actual return on defined benefit plan assets was nil (2011:
9.7%) for Telstra Super and a loss of 5.1% (2011: gain of 16.0%) for
the HK CSL Retirement Scheme.
24. Post employment benefits (continued)
Telstra Group
As at 30 June
2012 2011 2010 2009 2008
$m $m $m $m $m
Fair value of defined benefit plan assets (b) . . . . . . . . . . . . . . . . 2,559 2,599 2,546 2,503 3,205
Present value of the defined benefit obligation (c) . . . . . . . . . . . . . 3,266 2,762 2,934 2,847 3,048
Net defined benefit (liability)/asset before adjustment for contributions tax (707) (163) (388) (344) 157
Adjustment for contributions tax . . . . . . . . . . . . . . . . . . . . . . (124) (31) (69) (62) 25
Net defined benefit (liability)/asset at 30 June . . . . . . . . . . . . . . . . . (831) (194) (457) (406) 182
Comprised of:
Defined benefit asset . . . . . . . . . . . . . . . . . . . . . . . . . . . . -11 7 8 182
Defined benefit liability . . . . . . . . . . . . . . . . . . . . . . . . . . . (831) (205) (464) (414) -
(831) (194) (457) (406) 182
Experience adjustments:
Experience adjustments arising on defined benefit plan assets - (loss)/
gain. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (207) 89 (56) (593) (525)
Experience adjustments arising on defined benefit obligations - gain . . . 26 48 64 72 41
Telstra Group
As at 30 June
2012 2011
$m $m
Fair value of defined benefit plan assets at beginning of year . . . . . . . . . . . . . . . . . . . . . 2,599 2,546
Expected return on plan assets . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 200 197
Employer contributions . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 157 169
Contributions tax . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (24) (25)
Member contributions . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 47 30
Benefits paid (i). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (202) (382)
Actuarial gain/(loss) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (207) 89
Plan expenses after tax . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (13) (13)
Foreign currency exchange differences . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2(12)
Fair value of defined benefit plan assets at end of year . . . . . . . . . . . . . . . . . . . . . . . . . 2,559 2,599