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

ChamberlinAnnouncement

24/05/2016 07:06

- Part 2: For the preceding part double click  ID:nRSX0571Za 

2015£000  
                                                               
 Deficit in scheme at beginning of year    (4,544)   (3,493)   
 Employer contributions                    248       275       
 Net benefit expense                       (142)     (176)     
 Actuarial (loss)/ gain                    (254)     (1,150)   
 Deficit in scheme at end of year          (4,692)   (4,544)   
                                                               
 
 
 Movement in scheme assets                       2016£000  2015£000  
                                                                     
 Fair value at beginning of year                 14,008    12,856    
 Interest income on scheme assets                438       540       
 Return on assets (excluding interest income)    (834)     1,254     
 Employer contributions                          248       275       
 Benefits paid                                   (886)     (885)     
 Administrative costs                            -         (32)      
 Fair value at end of year                       12,974    14,008    
                                                                     
 
 
 Movement in scheme liabilities                                             2016£000  2015£000  
                                                                                                
 Benefit obligation at start of year                                        18,552    16,349    
 Interest cost                                                              580       684       
 Actuarial (gains)/ losses arising from changes in financial assumptions    (575)     2,196     
 Actuarial losses arising from changes in demographic assumptions           -         -         
 Experience adjustments                                                     (5)       208       
 Benefits paid                                                              (886)     (885)     
 Benefit obligation at end of year                                          17,666    18,552    
                                                                                                
 
 
The weighted average duration of the pension scheme liabilities are 14.5 years
(2015: 14.5 years). 
 
A quantitative sensitivity analysis for significant assumptions as at 31 March
2016 is as shown below: 
 
 Present value of scheme liabilities when changing the following assumptions:      2016£000  
                                                                                             
 Discount rate increased by 1% p.a.                                                15,575    
 RPI and CPI increased by 1% p.a.                                                  18,538    
 Mortality- members assumed to be their actual age as opposed to 1 year older      18,320    
                                                                                             
 
 
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 from 24 June 2016 and from the Group's head office at
Chuckery Road, Walsall, West Midlands, WS1 2DU. The AGM will be held on 22
July 2016 at Chuckery Road, Walsall, West Midlands. 
 
This information is provided by RNS
The company news service from the London Stock Exchange