Report - Fire Brigades Union

SECTION K — ACCOUNTS 2010 AND FINANCIAL STATEMENT
Notes to the Accounts
For the year ended 31 December 2010
8 Pension Scheme Contributions (continued)
2010 2010 2010 2009 2009 2009
National Clerical National Clerical
Officials’ Staff Total Officials’ Staff Total
Scheme Scheme Scheme Scheme
£’000 £’000 £’000 £’000 £’000 £’000
The amounts recognised in the balance sheet
are as follows:
Present value of scheme liabilities (5,572) (5,564) (11,136) (5,194) (5,017) (10,211)
Fair value of scheme assets 6,057 4,391 10,448 5,568 3,727 9,295
Net asset/(liability) recognised 485 (1,173) (688) 374 (1,290) (916)
The amounts recognised in the income
and expenditure account are as follows:
Service costs 132 228 360 80 126 206
Interest on obligation 295 291 586 262 241 503
Expected return on scheme assets (309) (244) (553) (285) (226) (511)
Total 118 275 393 57 141 198
Actual return on scheme assets 362 365 727 827 218 1,045
Actuarial gains and (losses) recognised:
Difference between expected and
actual return on scheme assets 53 121 174 542 (8) 534
Experience gains and losses arising
on scheme liabilities and effects of
changes in the demographic and
financial assumptions underlying the
present value of scheme liabilities (100) (76) (176) (1,027) (1,178) (2,205)
Total recognised (47) 45 (2) (485) (1,186) (1,671)
Cumulative amounts recognised 240 (1,534) (1,294) 287 (1,579) (1,292)
176 FBU Annual Report 2011