- Key interim results 2005
- Chairman's statement
- Interim accounts
- Notes to the interim
financial information
- 1. General Information
- 2. Basis of preparation
- 3. Transitional arrangements
- 4. Significant accounting policies
- 5. Segment information
- 6. Tax expense
- 7. Earnings per share
- 8. Dividends paid and proposed
- 9. Goodwill
- 10. Amounts receivable from customers
- 11. Retirement benefit obligations
- 12. Consolidated interim statement of changes in shareholders' equity
- 13. Reconciliations between IFRS and UK GAAP
- Independent review report
- Information for shareholders
11. Retirement benefit obligations
The group operates two funded defined benefit schemes in the UK. A full actuarial valuation was carried out by a qualified independent actuary on both schemes at 1 June 2004. The valuation used for IAS 19 purposes has been based on these valuations which have been updated by the actuary to take account of the requirements of IAS 19 in order to assess the liabilities of the scheme at 30 June 2005. Scheme assets are stated at fair value at 30 June 2005. The assumptions used by the actuary were:
The amounts recognised in the balance sheet are determined as follows:
The movement in the liability recognised in the balance sheet is as follows:
