Ardagh Glass Finance plc - Irish Stock Exchange

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS (Continued)
18. Retirement benefit obligations (Continued)
Of the current service cost A2,083,000 (2007: A959,000) and A5,860,000 (2007: A9,650,000) were
included in ‘sales, general and administrations expenses’ and ‘cost of sales’ respectively.
The actual return on plan assets resulted in a loss of A42,676,000 in 2008 and a gain of A12,518,000
in 2007.
The movement in the defined benefit obligation over the year is as follows:
2008 2007
E’000 E’000
Beginning of the year ............................................ (284,660) (176,048)
Settlement .................................................... 11 —
Arising on acquisition ............................................ — (118,516)
Current service cost ............................................. (7,943) (10,609)
Employee contributions .......................................... (4,074) (1,866)
Interest cost ................................................... (14,366) (11,987)
Actuarial gains ................................................. 36,429 4,842
Exchange differences ............................................ 36,506 15,038
Contributions/benefits paid ........................................ 11,548 14,486
End of the year ................................................ (226,549) (284,660)
The movement in the fair value of plan assets over the year is as follows:
2008 2007
E’000 E’000
Beginning of the year ............................................. 237,862 148,123
Arising on acquisition ............................................. — 93,449
Expected return on plan assets ...................................... 15,689 13,483
Actuarial (loss)/gain .............................................. (58,365) (965)
Employer contributions ............................................ 7,328 9,088
Employee contributions ............................................ 4,074 1,866
Exchange differences .............................................. (28,630) (12,926)
Contributions/benefits paid ......................................... (10,047) (14,256)
End of the year ................................................. 167,911 237,862
Plan assets are comprised as follows:
2008 2007
E’000 E’000
Equities ....................................................... 76,985 106,388
Target return funds ............................................... 17,536 48,373
Bonds ........................................................ 61,322 57,786
Cash/other ..................................................... 12,068 25,315
167,911 237,862
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