Page 99 - Suncorp_Review

Suncorp Group Limited Annual Report 2010/11 97

13.2 Historic summary

CONSOLIDATED

2011 2010 2009 2008 2007 $m $m $m $m $m

Present value of defned

beneft obligations (160) (167) (169) (192) (212) Fair value of assets held

by the funds 149 159 154 198 251 Defcit (surplus) (11) (8) (15) 6 39 Experience gains (losses)

arising on fund liabilities (2) – 4 (11) 11 Experience gains (losses)

arising on fund assets – 11 (35) (30) 9

13.3 Current fnancial summary

CONSOLIDATED

2011 2010 Note $m $m

Fair value of fund assets 149 159 Present value of defned beneft (DB) obligations – funded (93) (73) Present value of defned beneft (DB) obligations – partly funded (67) (94) Adjustment for contributions tax (9) (8) Net liability recognised in the statement of fnancial position (20) (16)

Consisting of:

Fund surplus recognised in Other assets 17 4 9 Fund defcit recognised in Payables and other liabilities 19 (24) (25) (20) (16)

CONSOLIDATED

Fair value of Present value of fund assets DB obligations 2011 2010 2011 2010 $m $m $m $m

Reconciliation of movements

Balance at the beginning of the fnancial year 159 154 (167) (169) Benefts paid (20) (19) 20 19 Contributions 5 4 – – Expected return on fund assets

recognised in proft or loss 10 9 – – Current service and interest costs

recognised in proft or loss – – (10) (11) Actuarial gains (losses) recognised

in other comprehensive income (2) 11 (9) (5) Foreign currency exchange movement (3) – 6 (1) Balance at the end of the fnancial year 149 159 (160) (167)