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Our performance in 2009 - Sappi

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156<br />

Notes to the group annual f<strong>in</strong>ancial statements cont<strong>in</strong>ued<br />

27. Post-employment benefits – pensions cont<strong>in</strong>ued<br />

Aggregate total of present value of the def<strong>in</strong>ed benefit obligation, fair value of assets and the surplus or deficit<br />

<strong>in</strong> the def<strong>in</strong>ed-benefit plans<br />

for the current annual period and for the previous four annual periods (ignor<strong>in</strong>g unrecognised adjustments):<br />

<strong>2009</strong> 2008 2007 2006 2005<br />

Def<strong>in</strong>ed benefit obligations 1,945 1,414 1,607 1,513 1,589<br />

Fair value of assets 1,695 1,387 1,545 1,285 1,222<br />

(Deficit) (250) (27) (62) (228) (367)<br />

Aggregate ga<strong>in</strong>s and losses aris<strong>in</strong>g on plan liabilities and plan assets<br />

for the current annual period and for the previous four annual periods:<br />

<strong>2009</strong> 2008 2007 2006 2005<br />

Plan liabilities (losses) ga<strong>in</strong>s (254) 173 60 73 (141)<br />

Plan assets ga<strong>in</strong>s (losses) 47 (189) 41 27 82<br />

Net (losses) ga<strong>in</strong>s (207) (16) 101 100 (59)<br />

Reconciliation of ga<strong>in</strong>s and losses<br />

<strong>in</strong> statement of other comprehensive<br />

<strong>in</strong>come<br />

Net losses from pensions (207)<br />

Net losses from post employment benefits<br />

other than pensions (note 28) (22)<br />

Net losses <strong>in</strong> statement of other<br />

comprehensive <strong>in</strong>come (229)

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