RBS 2012 Annual Report Download - page 385

RBS GROUP 2012
383
Main scheme All schemes
Changes in value of net pension deficit
Fair value
of plan
assets
£m
Present value
of defined
benefit
obligations
£m
Net pension
deficit
£m
Fair value
of plan
assets
£m
Present value
of defined
benefit
obligations
£m
Net pension
deficit
£m
At 1 January 2011 19,110 21,092 1,982 22,816 24,999 2,183
Currency translation and other adjustments — — — (30) (33) (3)
Income statement
Expected return 1,258 (1,258) 1,488 (1,488)
Interest cost 1,150 1,150 1,354 1,354
Current service cost 327 327 440 440
Past service cost 39 39 43 43
1,258 1,516 258 1,488 1,837 349
Statement of comprehensive income
- Actuarial gains and losses 759 1,096 337 636 1,217 581
Contributions by employer 733 — (733) 1,059 — (1,059)
Contributions by plan participants and other scheme members — — — 10 10 —
Benefits paid (698) (698) — (840) (840) —
Expenses included in service cost (51) (51) — (53) (53) —
At 1 January 2012 21,111 22,955 1,844 25,086 27,137 2,051
Currency translation and other adjustments — — — (65) (77) (12)
Income statement
Expected return 1,178 (1,178) 1,390 (1,390)
Interest cost 1,137 1,137 1,330 1,330
Current service cost 319 319 426 426
Past service cost 80 80 80 80
Gains on curtailments and settlements — — (41) (41)
1,178 1,536 358 1,390 1,795 405
Statement of comprehensive income
- Actuarial gains and losses 210 1,988 1,778 373 2,643 2,270
Contributions by employer 773 — (773) 977 — (977)
Contributions by plan participants and other scheme members — — — 10 10 —
Benefits paid (772) (772) — (910) (910) —
Assets and obligations extinguished on settlements — — — (360) (360) —
Expenses included in service cost (59) (59) — (67) (67) —
Transfer to disposal groups — — — (64) (61) 3
At 31 December 2012 22,441 25,648 3,207 26,370 30,110 3,740
Net pension deficit comprises 2012
£m
2011
£m
2010
£m
Net assets of schemes in surplus (included in Prepayments, accrued income and other assets, Note 19) (144) (188) (105)
Net liabilities of schemes in deficit 3,884 2,239 2,288
3,740 2,051 2,183