REG - Chamberlin PLC - Final Results <Origin Href="QuoteRef">CMH.L</Origin> - Part 2

ChamberlinAnnouncement

15/07/2015 18:13

- Part 2: For the preceding part double click  ID:nRSS5565Na 

in scheme assets                       2015£000  2014£000  
                                                                     
 Fair value at beginning of year                 12,856    13,137    
 Interest income on scheme assets                540       544       
 Return on assets (excluding interest income)    1,254     (304)     
 Employer contributions                          275       369       
 Benefits paid                                   (885)     (759)     
 Administrative costs                            (32)      (131)     
 Fair value at end of year                       14,008    12,856    
                                                                     
 
 
 Movement in scheme liabilities                                             2015£000  2014£000  
                                                                                                
 Benefit obligation at start of year                                        16,349    17,050    
 Interest cost                                                              684       700       
 Actuarial losses/ (gains) arising from changes in financial assumptions    2,196     (269)     
 Actuarial losses arising from changes in demographic assumptions           -         34        
 Experience adjustments                                                     208       (407)     
 Benefits paid                                                              (885)     (759)     
 Benefit obligation at end of year                                          18,552    16,349    
                                                                                                
 
 
The weighted average duration of the pension scheme liabilities are 14.5 years
(2014: 14.5 years). 
 
A quantitative sensitivity analysis for significant assumptions as at 31 March
2015 is as shown below: 
 
 Present value of scheme liabilities when changing the following assumptions:      2015£000  
                                                                                             
 Discount rate increased by 1% p.a.                                                16,254    
 RPI and CPI increased by 1% p.a.                                                  19,531    
 Mortality- members assumed to be their actual age as opposed to 1 year older      19,245    
                                                                                             
 
 
The sensitivity analysis above has been determined based on a method that
extrapolates the impact on defined benefit obligations as a result of
reasonable changes in key assumptions occurring at the end of the year. 
 
10.          REPORT AND ACCOUNTS 
 
Copies of the Annual Report will be available on the Group's website,
www.chamberlin.co.uk and from the Group's head office at Chuckery Road,
Walsall, West Midlands, WS1 2DU. 
 
This information is provided by RNS
The company news service from the London Stock Exchange