Provident Financial - Interim Report & Accounts 2005

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:

This is a financial table. Please refer to the downloadable PDF for the accessible version of this table.

The amounts recognised in the balance sheet are determined as follows:

This is a financial table. Please refer to the downloadable PDF for the accessible version of this table.

The movement in the liability recognised in the balance sheet is as follows:

This is a financial table. Please refer to the downloadable PDF for the accessible version of this table.

 

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