Annual report and accounts 2023 - Flipbook - Page 195
Strategic Report
Corporate Governance
Accounts
Expected contributions over the next accounting period
The £1.0m payment which A.G. BARR p.l.c. was expected to contribute to the 2008 Scheme for the year to 28 January 2024 in respect of commitments in relation to the
Schedule of Contributions was paid in October 2022, and the approximate £1.5m due for the year to 28 January 2024 from the asset-backed funding arrangement in which
the 2008 Scheme holds an interest were also paid in advance in the year to 29 January 2023.
The weighted average duration of the defined benefit obligation is 14 years.
The expected maturity analysis of the undiscounted defined benefit pension benefit, estimated on the 2008 Scheme’s funding is as follows:
Proportion of total pension benefits to be paid as at 5 April 2022
Proportion of total pension benefits to be paid as at 5 April 2021
Less than
one year
One to
two years
Two to
five years
Greater than
five years
2%
2%
2%
2%
7%
7%
89%
89%
2023
£m
2022
£m
4.0
3.8
Note the above disclosure is given as at the date of the last signed financial statements for the 2008 Scheme, and for the comparative year.
Defined contribution scheme
The pension costs for the defined contribution schemes are as follows:
Defined contribution costs
28.
Share capital
2023
Authorised, issued and fully paid
2022
Shares
£m
Shares
£m
112,028,871
4.7
112,028,871
4.7
The Company has one class of ordinary shares which carry no right to fixed income. The shares have a nominal value of 4 1/6 pence.
During the year to 29 January 2023, the Company’s employee benefit trusts purchased 141,890 shares (2022: 42,778) shares. The total amount paid to acquire the shares has
been deducted from shareholders’ equity and is included within retained earnings. At 29 January 2023,the shares held by the Company’s employee benefit trusts represented
887,553 (2022: 782,873) shares at a purchased cost of £5.2m (2022: £4.7m).
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