Annual Report & Accounts - Countrywide Farmers

Notes to the Financial Statements (Continued)
For the year ended 31 May 2008
The change in defined benefit obligation and assets for the Final salary section of the scheme was:
At 31 May
2008
At 31 May
2007
£000s £000s
Defined benefit obligation at beginning of year 72,437 75,477
Past service credit - (1,871)
Interest cost 4,043 3,748
Benefits paid (3,026) (2,755)
Actuarial (gain) (4,292) (2,162)
Defined benefit obligation at end of year 69,162 72,437
At 31 May
2008
At 31 May
2007
£000s £000s
Fair value of assets at beginning of year 66,044 58,169
Expected return on assets 4,345 3,761
Employer contributions 1,012 944
Benefits paid (3,026) (2,755)
Actuarial (loss)/gain on assets (6,868) 5,925
Fair value of assets at end of year 61,507 66,044
History of experience gains and losses:
At 31 May
2008
At 31 May
2007
£000s £000s
Difference between expected and actual return on scheme assets:
Amount (£'000s) 6,868 6,540
Percentage of scheme assets 11.17% 9.70%
Total amount recognised in statement of total recognised gains and losses:
Amount (£'000s) (2,576) 8,087
Percentage of scheme liabilities 3.72% 13.50%
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