22
Pension commitments
cont... |
NOTES
TO THE FINANCIAL STATEMENTS
iv_Analysis of the amount
recognised in the statement of total recognised gains and losses:
| |
Year
to
30 April
2005 |
|
|
Period
to
30 April
2004 |
|
| |
£'000 |
|
|
£'000 |
|
| |
|
|
|
|
|
| Actual return less expected return
on pension scheme assets |
203 |
|
|
(250) |
|
| Experience gains and
losses arising on pension scheme liabilities |
645 |
|
|
30 |
|
| Changes in the assumptions
underlying the present value of the scheme liabilities |
(716) |
|
|
180 |
|
| |
|
|
|
|
|
Actuarial gain/(loss)
recognised in the statement of total
recognised gains and losses
|
132 |
|
|
(40) |
|
v_Analysis of deferred tax movement on pension fund
deficit::
| |
Year
to
30 April
2005 |
|
|
Period
to
30 April
2004 |
|
| |
£'000 |
|
|
£'000 |
|
| |
|
|
|
|
|
| Opening deferred tax asset arising
on deficit in the scheme |
2,622 |
|
|
2,555 |
|
| Amount recognised in
statement of total recognised gains and losses |
(40) |
|
|
67 |
|
| Amount credited to profit
and loss account (note 7) |
168 |
|
|
– |
|
| |
|
|
|
|
|
| Closing deferred
tax asset arising on deficit in the scheme |
2,750 |
|
|
2,622 |
|
vi_History of experience gains and losses:
| |
Year
to
30 April
2005 |
|
|
Period
to
30 April
2004 |
|
| |
|
|
|
|
|
| Difference between the actual and
expected return on scheme assets: |
|
|
|
|
|
| Amount (£’000) |
203 |
|
|
(250) |
|
| Percentage of scheme assets |
2% |
|
|
(2%) |
|
| |
|
|
|
|
|
| Experience gains and losses on scheme
liabilities: |
|
|
|
|
|
| Amount (£’000) |
645 |
|
|
30 |
|
| Percentage of the present value
of the scheme liabilities |
3% |
|
|
– |
|
| |
|
|
|
|
|
| Total amount recognised in
the statement of total recognised gains and losses: |
|
|
|
|
|
| Amount (£’000) |
132 |
|
|
(40) |
|
| Percentage of the present value
of the scheme liabilities |
1% |
|
|
– |
|
vii_Overseas arrangements
As a result of the merger with Torex, the Group also
acquired pension obligations in the Netherlands. Torex-Hiscom
BV participates in an industry-wide defined benefit pension
plan, known as the PGGM. The PGGM provides pension benefits
related to final pay at retirement for approximately 1.8 million
people, who are current or former employees in the healthcare
and social work sector in the Netherlands. The PGGM is a multi-employer
plan under which Torex-Hiscom BV is unable to identify its share
of the underlying assets and liabilities, and the Group has
therefore adopted defined contribution accounting as permitted
by FRS 17. The premiums paid by the employer for the year were
1,412,600 euros (approximately £965,000). The employer’s
contributions are expected to increase by up to 15% in the foreseeable
future to restore the funding level of the PGGM in respect of
past service benefits to its target level.
|
 |
