Martlet Homes Limited - Hyde Housing Association

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MARTLET HOMES LIMITED NOTES TO THE ACCOUNTS YEAR ENDED 31 MARCH 2010 30. PENSION SCHEMES (CONTINUED) The fair value of assets and the present value of liabilities in the scheme at each balance sheet date were: Total £’000 As at 31 March 2010 The fair value of the assets: Equities 14,854 Bonds 2,932 Property 1,173 Cash 586 Total market value of assets 19,545 Actuarial value of liabilities (28,118) Surplus/(deficit) in <strong>Martlet</strong> Scheme (8,573) Total £’000 As at 31 March 2009 The fair value of the assets: Equities 9,134 Bonds 2,479 Property 1,044 Cash 391 Total market value of assets 13,048 Actuarial value of liabilities (15,306) Surplus/(deficit) in <strong>Martlet</strong> Scheme (2,258) 39
MARTLET HOMES LIMITED NOTES TO THE ACCOUNTS YEAR ENDED 31 MARCH 2010 30. PENSION SCHEMES (CONTINUED) In compiling the FRS 17 disclosures the actuaries have used the following assumptions: WSCCPF As at 31 March 2010 Inflation 3.80% Salary increases 5.30% Expected return on assets 7.20% Discount rate 5.50% Expected return on equities 7.80% Expected return on bonds 5.00% Expected return on cash 4.80% Expected return on property 5.80% WSCCPF As at 31 March 2009 Inflation 3.10% Salary increases 4.60% Expected return on assets 6.40% Discount rate 6.90% Expected return on equities 7.00% Expected return on bonds 5.40% Expected return on cash 4.00% Expected return on property 4.90% Mortality assumptions Life expectancy is based on the PFA92 and PMA92 tables, with improvements from 2007 in line with the medium cohort and a 1% per annum underpin. Based on these assumptions, the average future life expectancies at age 65 are summarised below: Males Females Current pensioners 22.70 years 26.10 years Future pensioners 24.80 years 28.30 years 40
Page 1 and 2: Martlet Homes Limited Report & Fina
Page 3 and 4: MARTLET HOMES LIMITED CONTENTS BOAR
Page 5 and 6: MARTLET HOMES LIMITED REPORT OF THE
Page 13 and 14: MARTLET HOMES LIMITED STATEMENT OF
Page 15 and 16: MARTLET HOMES LIMITED INDEPENDENT A
Page 17 and 18: MARTLET HOMES LIMITED BALANCE SHEET
Page 19 and 20: MARTLET HOMES LIMITED NOTES TO THE
Page 39: MARTLET HOMES LIMITED NOTES TO THE

Martlet Homes Limited - Hyde Housing Association

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