G4S Annual Report and Accounts 2011

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Overview Strategic review Performance Notes to the consolidated financial statements continued 34 Retirement benefit obligations continued Actuarial gains and losses recognised cumulatively in the statement of comprehensive income are as follows: At 1 January (253) (268) Actuarial (losses)/gains recognised in the year (68) 19 Restriction to defined benefit asset due to the asset ceiling (5) (4) At 31 December (326) (253) 2011 £m 2010 £m The asset ceiling restriction reflects an inability to derive economic value from an IAS19 surplus in a plan in the Netherlands. The amounts included in the consolidated statement of financial position arising from the group’s obligations in respect of its material defined benefit schemes are as follows: 2011 Present value of defined benefit obligations 1,723 102 1,825 Fair value of scheme assets (1,438) (101) (1,539) Restriction to defined benefit asset due to the asset ceiling – 9 9 Deficit in scheme 285 10 295 2010 Present value of defined benefit obligations 1,566 95 1,661 Fair value of scheme assets (1,310) (90) (1,400) Restriction to defined benefit asset due to the asset ceiling – 4 4 Deficit in scheme 256 9 265 2009 Present value of defined benefit obligations 1,547 116 1,663 Fair value of scheme assets (1,240) (95) (1,335) Deficit in scheme 307 21 328 2008 Present value of defined benefit obligations 1,296 111 1,407 Fair value of scheme assets (1,040) (81) (1,121) Deficit in scheme 256 30 286 2007 Present value of defined benefit obligations 1,291 85 1,376 Fair value of scheme assets (1,170) (70) (1,240) Deficit in scheme 121 15 136 UK £m Rest of World £m Total £m 112 G4S plc Annual Report and Accounts 2011
Governance Financial statements Shareholder information 34 Retirement benefit obligations continued Movements in the present value of defined benefit obligations in the current year and the fair value of scheme assets during the year were as follows: 2011 Obligations At 1 January 2011 1,566 95 1,661 Service cost 7 2 9 Interest cost 85 5 90 Contributions from scheme members 3 3 6 Actuarial losses 131 1 132 Benefits paid (69) (1) (70) Translation adjustments – (3) (3) At 31 December 2011 1,723 102 1,825 Assets At 1 January 2011 1,310 90 1,400 Expected return on scheme assets 89 4 93 Actuarial gains 61 3 64 Actual returns on schedule assets 150 7 157 Contributions from the sponsoring companies 44 4 48 Contributions from scheme members 3 3 6 Benefits paid (69) (1) (70) Translation adjustments – (2) (2) At 31 December 2011 1,438 101 1,539 UK £m Rest of World £m Total £m 2010 UK £m Rest of World £m Total £m Obligations At 1 January 2010 1,547 116 1,663 Service cost 11 4 15 Interest cost 87 6 93 Contributions from scheme members 5 3 8 Actuarial (gains)/losses (26) 6 (20) Benefits paid (58) (2) (60) Curtailments – (2) (2) Settlements – (37) (37) Translation adjustments – 1 1 At 31 December 2010 1,566 95 1,661 Assets At 1 January 2010 1,240 95 1,335 Expected return on scheme assets 82 5 87 Actuarial (losses)/gains (4) 3 (1) Actual return on scheme assets 78 8 86 Contributions from the sponsoring companies 45 14 59 Contributions from scheme members 5 3 8 Benefits paid (58) (2) (60) Settlements – (30) (30) Translation adjustments – 2 2 At 31 December 2010 1,310 90 1,400 The contribution from sponsoring companies in 2011 included £40m (2010: £33m) of additional contributions in respect of the deficit in the schemes. G4S plc Annual Report and Accounts 2011 113
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G4S Annual Report and Accounts 2011

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