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 21 Classification of financial instruments The net assets of the fund disclosed in the Net Asset Statement and under Note 10 are made up of the following categories of financial instruments. No financial instruments were reclassified during 2011/2012. The analysis below and in subsequent notes on financial instruments does not include the pension fund’s directly held property as it is not a financial instrument. This is treated under a different accounting standard (IAS 40 Investment Property) and is disclosed under Note 13 - Directly held property fund account, and Note 14 - Directly held property net asset account. 31 March 2012 Designated as fair value Loans and Financial liabilities through profit and loss receivables at amortised cost Total £ 000 £ 000 £ 000 £ 000 Financial assets Fixed-interest securities 164,834 0 0 164,834 Equities 916,765 0 0 916,765 Index-linked securities 100,213 0 0 100,213 Pooled investment vehicles 993,420 0 0 993,420 UK pooled property funds 27,768 0 0 27,768 Hedge funds 52,470 0 0 52,470 Private equity 94,181 0 0 94,181 Alternatives 33,250 0 0 33,250 Derivatives 1,771 0 0 1,771 Cash 0 73,457 0 73,457 Other investment balances 8,602 0 0 8,602 Current assets 0 19,854 0 19,854 2,393,274 93,311 0 2,486,585 Financial liabilities Current liabilities 0 0 (10,456) (10,456) Other investment balances (3,358) 0 0 (3,358) (3,358) 0 (10,456) (13,814) 2,389,916 93,311 (10,456) 2,472,771 The previous years data is given below. 31 March 2011 Designated as fair value Loans and Financial liabilities through profit and loss receivables at amortised cost Total £ 000 £ 000 £ 000 £ 000 Financial assets Fixed-interest securities 164,012 0 0 164,012 Equities 908,065 0 0 908,065 Index-linked securities 99,614 0 0 99,614 Pooled investment vehicles 1,005,822 0 0 1,005,822 UK pooled property funds 24,292 0 0 24,292 Hedge funds 52,766 0 0 52,766 Private equity 79,261 0 0 79,261 Cash 0 108,140 0 108,140 Other investment balances 12,026 0 0 12,026 Current assets 0 21,793 0 21,793 2,345,858 129,933 0 2,475,791 Financial liabilities Derivatives (6,984) 0 0 (6,984) Current liabilities 0 0 (9,497) (9,497) Other investment balances (5,182) 0 0 (5,182) (12,166) 0 (9,497) (21,663) 2,333,692 129,933 (9,497) 2,454,128 DRAFT 46
F i n a n c i a l s t a t e m e n t s 22 Net gains and losses on financial instruments The gains and losses recognised in the accounts in relation to financial instruments are made up as follows. 2010/2011 2011/2012 £ 000 £ 000 Financial assets Fair value through profit and loss 153,015 56,779 Loans and receivables 1,338 816 Financial liabilities Fair value through profit and loss (8,865) 0 Loans and receivables 0 0 Financial liabilities measured at amortised cost 0 0 23 Fair value of financial instruments 145,488 57,595 The following table summarises the carrying values of the financial instruments by class against their fair values. 31 March 2011 31 March 2012 Carrying Fair Carrying Fair value value value value £ 000 £ 000 £ 000 £ 000 Financial assets Fair value through profit and loss 1,943,634 2,345,858 2,062,269 2,393,274 Loans and receivables 129,933 129,933 93,311 93,311 . Financial Liabilities Fair value through profit and loss (5,182) (12,166) (3,358) (3,358) Loans and receivables 0 0 0 0 Financial liabilities measured at amortised cost (9,497) (9,497) (10,456) (10,456) DRAFT 2,058,888 2,454,128 2,141,766 2,472,771 47
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 and 30: Financial statements Staffordshire
Page 31 and 32: 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 47: F i n a n c i a l s t a t e m e n t
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

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