BRITISH TOURIST AUTHORITY TRADING AS VISITBRITAIN ...

VisitBritain and VisitEngland
Notes forming part of the financial statements for the year ended 31 st March 2010 (Continued)
28 Retirement benefits (Continued)
2010 2009
Overseas
Overseas
(US)
(US)
UK scheme scheme Total scheme Total
£'000 £'000 £'000 £'000 £'000
Reconcilation to plan liability
At the beginning of the year 82,855 1,440 84,295 1,039 1,039
Exchange gain/(loss) (72) (72) 400 400
Interest cost 5,472 98 5,570 72 72
Current service cost 748 89 837 76 76
Past service cost 332 332
Contributions by plan participants 310 310
Benefits paid (4,694) (97) (4,791) (113) (113)
Settlements (13) (7) (20) (5) (5)
Actuarial (gain)/loss 38,918 258 39,176 (30) (30)
At end of year 123,928 1,709 125,637 1,439 1,439
Cumulative actuarial gains/(losses) recognised in other
comprehensive income
At the beginning of the year 16,218 16,218
Recognised during the year 21,714 (240) 21,474 811 811
Effect of paragraph 58(b) limit (including requirements for IFRIC 14) 81 81 (654) (654)
At end of year 37,932 (159) 37,773 157 157
Included in administrative expenses
Current service cost 748 89 837 76 76
Past service cost 332 332
Settlement loss
Expected return on plan assets (5,374) (114) (5,488) (150) (150)
Unwinding of discount on plan liabilities (interest cost) 5,472 98 5,570 72 72
1,178 73 1,251 (2) (2)
Statement of financial position reconciliation
Net liability (asset) (2,659) (422) (3,081) (460) (460)
Pension expense recognised in P&L in the financial year 1,178 73 1,251 (2) (2)
Amounts recognised in OCI in the financial year 21,714 (159) 21,555 157 157
Employer contributions made in the financial year (952) (952)
Plan participants' contributions
Benefits paid directly by company in the financial year
Exchange rate adjustment - (gain)/loss 22 22 (117) (117)
71
19,281 (486) 18,795 (422) (422)