UNBOUNCE - EXAMPLE PAGE-REPORT-ENTERPRISE DOCUMENT-KINGSPAN - Flipbook - Page 176
NOTES TO THE FINANCIAL STATEMENTS
for the year ended 31 December 2021 (continued)
31 Pension Obligations (continued)
Analysis of amount included in other comprehensive income
Actual return less interest on scheme assets
Experience gain arising on scheme liabilities
Actuarial gain/(loss) arising from changes in demographic assumptions
Actuarial gain/(loss) arising from changes in financial assumptions
Gain/(loss) recognised in other comprehensive income
2021
€m
2020
€m
4.9
4.2
1.7
10.7
21.5
17.5
0.2
(0.6)
(37.0)
(19.9)
2021
2020
49.5%
7.1%
4.0%
3.4%
36.0%
100%
50.5%
7.2%
3.4%
4.3%
34.6%
100%
The cumulative actuarial loss recognised in other comprehensive income to date is €16.9m (2020: €38.4m).
In 2021, the actual return on plan assets was a gain of €1.6m (2020: gain of €11.8m).
Asset Classes and Expected Rate of Return
The assets in the scheme at each year end were as follows:
Asset Classes as % of Total Scheme Assets
Equities
Bonds (Corporates)
Cash
Property
Liability Driven Investment
The net pension liability is analysed as follows:
2021
€m
Funded
Schemes
Equities
Bonds (Corporates)
Cash
Property
Liability Driven Investment
Fair market value of plan assets
Present value of obligation
Deficit
Analysed between:
Funded schemes’ surplus
Unfunded obligations
Related deferred tax (asset)
172 - 173
140.1
20.5
11.2
9.5
101.5
282.8
(266.2)
16.6
Un-funded
Schemes
(44.6)
(44.6)
2020
€m
Funded
Schemes
Un-funded
Schemes
134.0
19.2
9.0
11.4
91.7
265.3
(266.9)
(1.6)
(44.3)
(44.3)
2021
€m
2020
€m
17.9
(45.9)
(28.0)
8.0
(53.9)
(45.9)
(0.7)
(6.1)
