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FINANCIAL STATEMENTS |
Financial Statements 2008-2009
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Fund
Account |
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For The Year
ended 31 March 2009 |
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Note |
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2008/2009 |
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2007/2008 |
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£ '000 |
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£ '000 |
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Contributions
and Benefits |
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Contributions
received |
3 |
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163,856 |
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139,210 |
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Transfers from
other Schemes |
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6,268 |
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8,045 |
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170,124 |
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147,255 |
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Benefits payable |
4 |
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122,104 |
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114,198 |
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Leavers |
5 |
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2,860 |
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3,875 |
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Administration
expenses |
6 |
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2,344 |
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2,062 |
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127,308 |
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120,135 |
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Net additions
from dealings with members |
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42,816 |
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27,120 |
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Return on
investments |
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Investment
Income |
7 |
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48,536 |
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52,391 |
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Change in
market value of investments |
8 |
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(725,907) |
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(127,993) |
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Investment
management expenses |
13 |
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(6,468) |
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(6,822) |
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Net return on
investments |
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(683,839) |
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(82,424) |
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Net decrease in
the fund during the year |
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(641,023) |
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(55,304) |
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Opening net
assets of the scheme |
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3,115,410 |
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3,170,714 |
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Closing net
assets of the scheme |
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2,474,387 |
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3,115,410 |
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2,354,331 |
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Net
Assets Statement |
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for the year
ended 31 March 2009 |
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Note |
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2008/2009 |
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2007/2008 |
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£’000 |
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£ '000 |
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Investment
Assets |
8 |
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2,457,835 |
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3,100,807 |
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Other
investment assets |
9 |
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4,126 |
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5,579 |
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Fixed Asset
held other than for investment potential |
10 |
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1,875 |
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2,008 |
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Current assets |
11 |
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15,670 |
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11,956 |
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Current
liabilities |
12 |
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(5,119) |
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(4,940) |
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Net assets of
the scheme at 31 March |
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2,474,387 |
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3,115,410 |
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