Pensions Fund Annual Report 2011-12 , item 18. PDF 4 MB

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F i n a n c i a l s t a t e m e n t s Pension fund account Staffordshire Pension Fund account for the year ended 31 March 2012 Contributions and benefits Notes 2010/2011 2011/2012 £ 000 £ 000 Contributions receivable 4 159,864 153,491 Transfers in 5 11,237 9,382 171,101 162,873 Benefits payable 6 126,252 137,413 Leavers 7 9,099 52,772 Administrative expenses 8 2,536 2,696 137,887 192,881 Net additions / (withdrawals) from dealings with fund members Returns on investments 33,214 (30,008) Investment income 9 46,272 46,852 Change in the market value of investments 10 150,292 53,764 Investment management expenses 12 (7,932) (8,505) Net returns on investments 188,632 92,111 DRAFT Net increase in the fund during the year 221,846 62,103 Opening net assets of the fund 2,395,417 2,617,263 Closing net assets of the fund 2,617,263 2,679,366 28
F i n a n c i a l s t a t e m e n t s Net assets statement Net assets statement at 31 March 2012 Investment assets Notes 2010/2011 2011/2012 £ 000 £ 000 Fixed-interest securities 10 164,012 164,834 Equities 908,065 916,765 Index-linked securities 99,614 100,213 Pooled investment vehicles 1,005,822 993,420 Property 187,427 234,363 Cash deposits 107,724 72,125 Other investment balances 138,871 185,145 Derivatives 11 0 1,771 Investment liabilities 2,611,535 2,668,636 Derivatives 11 (6,984) 0 2,604,551 2,668,636 Current assets 15 22,209 21,186 Current liabilities 16 (9,497) (10,456) Net assets of the fund at 31 March 2,617,263 2,679,366 DRAFT The financial statements summarise the transactions of the fund and deal with the net assets available to us. They do not take account of obligations to pay pensions and benefits which fall due after the end of the financial year. The actuarial position on the scheme, which does take account of these obligations, is set out in the actuary’s report. The notes on pages 34 to 51 also form part of the pension fund financial statements. 29
Page 1 and 2: Staffordshire Pension Fund Annual r
Page 3 and 4: Contents 2 3 9 18 27 53 55 Chairman
Page 5 and 6: F u n d m a n a g e m e n t Governa
Page 7 and 8: 7 F u n d m a n a g e m e n t Pensi
Page 9 and 10: F u n d m a n a g e m e n t Adminis
Page 11 and 12: I n v e s t m e n t r e p o r t DRA
Page 13 and 14: I n v e s t m e n t r e p o r t DRA
Page 15 and 16: I n v e s t m e n t r e p o r t Inv
Page 17 and 18: I n v e s t m e n t r e p o r t Inv
Page 19 and 20: I n v e s t m e n t r e p o r t Cur
Page 21 and 22: F u n d m e m b e r s h i p Benefit
Page 23 and 24: F u n d m e m b e r s h i p aT New
Page 25 and 26: F u n d m e m b e r s h i p Benchma
Page 27 and 28: F u n d m e m b e r s h i p Custome
Page 29: Financial statements Staffordshire
Page 33 and 34: F i n a n c i a l s t a t e m e n t
Page 35 and 36: notesDRAFT DRAFT Assumptions The as
Page 37 and 38: Financial statements F i n a n c i
Page 55 and 56: G l o s s a r y Glossary of terms A
Page 57 and 58: C o n t a c t s If you have any que

Pensions Fund Annual Report 2011-12 , item 18. PDF 4 MB

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