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Henry Boot PLC<br />
Annual Report and Financial Statements for the year ended 31 December 2015<br />
www.henryboot.co.uk<br />
Stock Code: BHY<br />
27. Retirement benefit obligations continued<br />
Amounts recognised in the Consolidated Statement of Comprehensive Income in respect of the scheme are as follows:<br />
Service cost:<br />
Current service cost 1,308 1,129<br />
Ongoing scheme expenses 328 425<br />
Settlement (8) —<br />
Net interest expense 951 832<br />
Pension Protection Fund 118 47<br />
Pension expenses recognised in profit or loss 2,697 2,433<br />
Remeasurement on the net defined benefit liability:<br />
Return on plan assets (excluding amounts included in net interest expense) 723 (8,029)<br />
Actuarial gains arising from changes in demographic assumptions (1,338) (2,862)<br />
Actuarial (gains)/losses arising from changes in financial assumptions (5,387) 21,349<br />
Actuarial (gains)/losses recognised in other comprehensive income (6,002) 10,458<br />
Total (3,305) 12,891<br />
2015<br />
£’000<br />
The amount included in the Statement of Financial Position arising from the Group’s obligations in respect of the scheme is as<br />
follows:<br />
Present value of scheme obligations 170,214 176,641<br />
Fair value of scheme assets (150,637) (148,483)<br />
19,577 28,158<br />
This amount is presented in the Statement of Financial Position as follows:<br />
Non-current liabilities 19,577 28,158<br />
Movements in the present value of scheme obligations in the year were as follows:<br />
At 1 January 176,641 156,254<br />
Current service cost 1,308 1,129<br />
Interest on obligation 6,253 6,920<br />
Contributions from scheme members 5 5<br />
Actuarial (gain)/loss (6,725) 18,487<br />
Liabilities extinguished on settlements (562) —<br />
Benefits paid (6,706) (6,154)<br />
At 31 December 170,214 176,641<br />
2015<br />
£’000<br />
2015<br />
£’000<br />
2015<br />
£’000<br />
2014<br />
£’000<br />
2014<br />
£’000<br />
2014<br />
£’000<br />
2014<br />
£’000<br />
Shareholder Information Financial Statements<br />
Governance<br />
Strategic Report<br />
Overview<br />
125