Report & Accounts - JLT

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31. Retirement benefit obligations cont.The amounts included in the consolidated statement of recognised income and expense are as follows:UK SchemeUS SchemeReconciliation on return of assets 2005 2004 2005 2004£’000 £’000 £’000 £’000Loss on defined benefit obligation 62,519 13,838 2,389 1,081(Gain)/loss on plan assets (31,642) (3,140) 148 394Total actuarial losses recognised 30,877 10,698 2,537 1,475Cumulative actuarial losses recognised 114,344 83,467 7,795 5,258The four year history of experience adjustments is as follows:UK SchemeReconciliation on return of assets 2005 2004 2003 2002£’000 £’000 £’000 £’000Defined benefit obligation at end of year (477,145) (388,499) (347,160) (277,058)Fair value of plan assets 331,308 273,150 190,197 155,894Deficit in the scheme (145,837) (115,349) (156,963) (121,164)Difference between the expected and actual return on plan assets- amount (£’000) 31,642 3,140 17,430 (44,269)- expressed as a percentage of the plan assets 9.55% 1.15% 9.16% 28.40%Experience losses on plan liabilities- amount (£’000) 82 (2,364) (28,810) (6,357)- expressed as a percentage of the present value of the plan liabilities (0.02%) 0.61% 8.30% 2.29%US Scheme2005 2004 2003 2002£’000 £’000 £’000 £’000Defined benefit obligation at end of year (29,979) (25,560) (25,088) (24,635)Fair value of plan assets 22,625 19,896 20,678 20,042Deficit in the scheme (7,354) (5,664) (4,410) (4,593)Difference between the expected and actual return on plan assets- amount (£’000) (148) (394) 1,980 (3,090)- expressed as a percentage of the plan assets (0.65%) (1.98%) 9.58% (15.42%)Experience losses on plan liabilities- amount (£’000) 315 (165) 104 (297)- expressed as a percentage of the present value of the plan liabilities (1.05%) 0.65% (0.41%) 1.21%The expected contributions for the year ending 31st December 2006 are as follows:Employee Employercontributions contributions Total£’000 £’000 £’000Jardine Lloyd Thompson Pension Scheme 3,100 16,600 19,700JLT (USA) Employees Retirement Plan - 708 708Total expected contributions 3,100 17,308 20,408Financial Statements Jardine Lloyd Thompson Group plc Annual Report & Accounts 200595
Financial StatementsNotes to the Financial Statementsfor the year ended 31st December 200532. Jardine Matheson GroupThe Jardine Matheson Group owns 30.39% of the Company shares via its wholly owned subsidiary JMH Investments Limited.In the normal course of business the Group undertakes, on an arms-length basis, a variety of transactions with the JardineMatheson Group (JMG) and its associates (JMA).96The following transactions were carried out during the year:JMG JMA Total2005 2005 2005£'000 £'000 £'000IncomeGross brokerage fees and commissions 2,374 1,307 3,681Commission rebates - (137) (137)Net brokerage fees and commissions 2,374 1,170 3,544Interest receivable 1 - 12,375 1,170 3,545ExpenditureAdministrative expenses 292 - 292292 - 292Year-end balances arising from these transactions:Trade and other receivables 1,545 - 1,545Cash and cash equivalents 129 - 129Trade and other payables (217) - (217)1,457 - 1,457JMG JMA Total2004 2004 2004£'000 £'000 £'000Jardine Lloyd Thompson Group plc Annual Report & Accounts 2005IncomeGross brokerage fees and commissions 2,440 1,262 3,702Commission rebates (20) (137) (157)Net brokerage fees and commissions 2,420 1,125 3,545ExpenditureAdministrative expenses 533 - 533533 - 533Year-end balances arising from these transactions:Trade and other receivables 918 - 918Cash and cash equivalents 245 - 245Trade and other payables (214) - (214)949 - 949
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Jardine Lloyd Thompson Group plcAnn
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Chairman’s StatementChairman’s
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Chief Executive’s StatementChief
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Operational ReviewOperational Revie
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Financial ReviewFinancial Review16B
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Financial ReviewFinancial ReviewCas
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DirectorsDirectors221 2 34 5 6Jardi
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Directors’ ReportDirectors’ Rep
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Remuneration ReportRemuneration Rep
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Page 115: Registered Office:6 Crutched Friars
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Report & Accounts - JLT

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