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Financial Statements 103
Movements in the retirement benefit liabilities are as follows:
Atkins Railways
Pension Pension
Plan Scheme Other Total
2008 £m £m £m £m
Retirement benefit liabilities at beginning of year (235.0) (14.5) (0.6) (250.1)
Service cost (12.2) (4.0) (0.5) (16.7)
Net finance (cost)/income (3.5) 2.2 0.2 (1.1)
Contributions 44.8 3.0 0.7 48.5
Actuarial gain/(loss) 24.3 (15.7) (2.2) 6.4
Difference on exchange – – (0.1) (0.1)
Retirement benefit liabilities at end of year (181.6) (29.0) (2.5) (213.1)
Atkins Railways
Pension Pension
Plan Scheme Other Total
2007 £m £m £m £m
Retirement benefit liabilities at beginning of year (277.4) (22.0) (0.5) (299.9)
Service cost (18.1) (4.1) (0.3) (22.5)
Net finance (cost)/income (4.3) 1.8 0.1 (2.4)
Contributions 39.6 3.2 0.6 43.4
Actuarial gain/(loss) 25.2 6.6 (0.5) 31.3
Difference on exchange – – – –
Retirement benefit liabilities at end of year (235.0) (14.5) (0.6) (250.1)
Cumulative net actuarial (losses)/gains recognised in equity are as follows:
Atkins Railways
Pension Pension
Plan Scheme Other Total
2008 £m £m £m £m
At beginning of year (43.8) 15.2 (0.5) (29.1)
Net actuarial gain/(loss) recognised in the year 24.3 (15.7) (2.2) 6.4
At end of year (19.5) (0.5) (2.7) (22.7)
Atkins Railways
Pension Pension
Plan Scheme Other Total
2007 £m £m £m £m
At beginning of year (69.0) 8.6 – (60.4)
Net actuarial (loss)/gain recognised in the year 25.2 6.6 (0.5) 31.3
At end of year (43.8) 15.2 (0.5) (29.1)
The return on plan assets is as follows:
Atkins Railways
Pension Pension
Plan Scheme Other Total
2008 £m £m £m £m
Expected return on plan assets 42.6 12.4 0.4 55.4
Actuarial (loss)/gain on plan assets (68.4) (18.3) (1.4) (88.1)
Experience gain on plan assets (25.8) (5.9) (1.0) (32.7)
Atkins Railways
Pension Pension
Plan Scheme Other Total
2007 £m £m £m £m
Expected return on plan assets 38.2 10.8 0.3 49.3
Actuarial (loss)/gain on plan assets (3.1) 6.4 0.1 3.4
Experience gain on plan assets 35.1 17.2 0.4 52.7
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WS Atkins plc Annual Report 2008