167 I N T E G R A T E D R E P O R T 2 0 2 1 25. POST-EMPLOYMENT BENEFIT LIABILITIES (CONT’D) GROUP COMPANY Sep-21 MUR m Sep-20 MUR m Sep-21 MUR m Sep-20 MUR m (i) Amounts recognised in the Statements of Financial Position are as follows: Present value of funded obligations 95.1 99.0 95.1 - Fair value of plan assets (61.6) (47.2) (61.6) - Liability in the Statements of Financial Position 33.5 51.8 33.5 - The reconciliation of the opening balances to the closing balances for the net defined benefit liability is as follows: At 1 October 51.8 1.1 - - Amalgamation adjustment - - 51.8 - Charged to profit or loss 4.9 1.9 4.9 - (Credited)/charged to other comprehensive income (21.2) 50.6 (21.2) - Contributions paid (2.0) (1.8) (2.0) - At 30 September 33.5 51.8 33.5 - (ii) Amounts recognised in profit or loss and other comprehensive income are as follows: Service cost: Current service cost 3.5 1.9 3.5 - Net interest 1.4 - 1.4 - Components of amount recognised in profit or loss 4.9 1.9 4.9 - Return on plan assets above interest cost (11.1) 3.1 (11.1) - Liability experience loss 4.9 3.8 4.9 - Liability (gain)/ loss due to change in financial assumptions (15.0) 43.7 (15.0) - Components of amount recognised in other comprehensive income (21.2) 50.6 (21.2) - (a) Pension benefits The Group operates a final salary defined benefit pension plan for some employees. The assets are held separately from the Group under the control of the Management Committee of Rogers Pension Fund (RPF). The Group contributes to the pension plan in respect of some employees who have a No Worse Off Guarantee (NWOG) so that their benefits would not be worse than what they would have earned under a previous defined benefit plan. Explanatory Notes 30 SEPTEMBER 2021 E x p l a n a t o r y N o t e s
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