Telstra 2014 Annual Report Download - page 157
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NOTES TO THE
FINANCIAL STATEMENTS
(Continued)
Financial Report
Telstra Corporation Limited and controlled entities
Telstra Annual Report 155
(a) Net defined benefit plan asset/(liability) - historical
summary
Our net defined benefit plan asset/(liability) 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 10.6 per cent
(2013: 15.5 per cent) for Telstra Super and 3.7 per cent to the date
of disposal (2013: 10.2 per cent) for the CSL Retirement Scheme.
24. POST EMPLOYMENT BENEFITS (CONTINUED)
Telstra Group
As at 30 June
2014 2013 2012 2011 2010
$m $m $m $m $m
Fair value of defined benefit plan assets (b) .......................................................... 2,953 2,944 2,559 2,599 2,546
Present value of the defined benefit obligation (c) ................................................ 2,909 2,983 3,390 2,793 3,003
Net defined benefit asset/(liability) at 30 June ................................................... 44 (39) (831) (194) (457)
Comprised of:
Net defined benefit asset/(liability) attributable to Telstra Super Scheme ......... 44 (42) (825) (205) (464)
Net defined benefit asset/(liability) attributable to CSL Limited Retirement
Scheme....................................................................................................................... n/a 3 (6) 11 7
44 (39) (831) (194) (457)
Telstra Group
As at 30 June
Restated
2014 2013
$m $m
Fair value of defined benefit plan assets at beginning of year....................................................................... 2,944 2,559
Employer contributions......................................................................................................................................... 86 145
Member contributions........................................................................................................................................... 44 66
Benefits paid (including contributions tax) (i) ..................................................................................................... (331) (266)
Plan expenses after tax......................................................................................................................................... (19) (23)
Foreign currency exchange differences............................................................................................................... -6
Interest income on plan assets ............................................................................................................................ 106 96
Actual asset gain ................................................................................................................................................... 206 361
Disposal through sale of controlled entities ....................................................................................................... (83) -
Fair value of defined benefit plan assets at end of year ................................................................................. 2,953 2,944