Annual Reports - RTÃ
Annual Reports - RTÃ
Annual Reports - RTÃ
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ANNUAL REPORT & GROUP FINANCIAL STATEMENTS 2007<br />
19 Pension arrangements (continued)<br />
Actuarial gains and losses recognised directly in equity<br />
2007 2006<br />
€’000 €’000<br />
Cumulative amount at 1 January 2,112 -<br />
Actual return less expected return on pension scheme assets (77,765) 64,275<br />
Experience gains and losses arising on the scheme liabilities (2,967) (30,907)<br />
Changes in assumptions underlying the present value of the scheme liabilities 74,420 (31,256)<br />
Cumulative amount at 31 December (4,200) 2,112<br />
The employer contribution rate to the RTÉ Superannuation Scheme for the year ended 31 December 2007 was 8% of employee<br />
members’ pensionable earnings (2006: 8%).<br />
History of actuarial gains and losses 2007 2006 2005 2004 2003<br />
€’000 €’000 €’000 €’000 €’000<br />
Difference between expected and actual return on assets (77,765) 64,275 111,199 14,912 26,291<br />
Expressed as a percentage of scheme assets (7.8%) 6.2% 11.8% 1.9% 3.5%<br />
Experience loss arising on scheme liabilities (2,967) (30,907) (15,139) (3,977) 8,388<br />
Expressed as a percentage of scheme liabilities (0.3%) (3.0%) (1.6%) (0.5%) 1.2%<br />
Effect of changes in actuarial assumptions 74,420 (31,256) (103,200) (71,163) 8,627<br />
Expressed as a percentage of scheme liabilities 7.6% (3.1%) (11%) (9.0%) 1.3%<br />
Total actuarial gains and losses (6,312) 2,112 (7,140) (60,228) 43,306<br />
Expressed as a percentage of scheme liabilities (0.6%) 0.2% (0.8%) (7.6%) 6.3%<br />
20 Deferred tax<br />
Group<br />
Recognised deferred tax assets and liabilities<br />
Assets<br />
(Liabilities)<br />
Net<br />
Net<br />
2007 2006 2007 2006<br />
€’000 €’000 €’000 €’000<br />
Property, plant and equipment - - (1,902) (2,828)<br />
Pension surplus - - (2,192) (1,734)<br />
Trade payables (including accrued pension) 857 219 - -<br />
Inventories - - (6,508) (6,508)<br />
Other - - (620) (620)<br />
Net tax assets/(liabilities) 857 219 (11,222) (11,690)<br />
Unrecognised deferred tax assets<br />
The Group had corporation tax losses forward of €1.88bn at 31 December 2006, however given the uncertainty over the availability of<br />
these losses, a deferred tax asset has not been recognised (refer to Note 7).<br />
71
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