FINANCIAL REPORT AND ACCOUNTS 2011 - States Assembly

NOTES TO THE ACCOUNTSNOTE 22: PENSION SCHEMES – DEFINED BENEFIT SCHEMESThe amounts recognised in the Operating Cost Statement are as follows:Year ending31 December2010Year ending31 December2011£’000 £’000Current service cost – 19Past service cost 4,664 –Interest cost – 247Total charge 4,664 266Total gains/(losses) recognised in the Statement of Total Recognised Gains and LossesYear ending31 December2010Year ending31 December2011£’000 £’000Total actuarial losses – (120)Total losses in STRGL – (120)Amounts for the current period and previous period2010£’0002011£’000Scheme assets – –Defined benefit obligation 4,664 5,028(Surplus)/deficit 4,664 5,028Experience gains/(losses) onscheme liabilities *Total gains/(losses) recognised in theStatement of Total RecognisedGains and Losses– (66)– (120)* This item consists of gains/(losses) in respect of liability experience only, and excludes any change inliabilities in respect of changes to the actuarial assumptions used.The valuation at 31 December 2011 showed an increase in the scheme deficit from £4,664,000 to£5,028,000.127