Consolidated
2013
%
2012
%
Cash
13
20
Equity instruments
57
52
Fixed interest securities
9
7
Property
8
9
Other assets
13
12
100
100
The asset recognised does not exceed the present value of any economic benefits available in the form of reductions in
future contributions to the plan.
(d) Reconciliations
(c) Categories of plan assets
The major categories of plan assets are as follows:
NOTE 27
NON-CURRENT LIABILITIES – DEFINED BENEFIT PLANS (CONTINUED)
Consolidated
2013
$’000
2012
$’000
Reconciliation of the present value of the defined benefit obligation,
which is partly funded:
Balance at the beginning of the year
33,435
38,368
Current service cost
504
761
Interest cost on benefit obligation
999
1,984
Contributions by plan participants
240
424
Actuarial losses and (gains) (*)
(247)
665
Benefits paid
(1,667)
(8,767)
Balance at the end of the year
33,264
33,435
Reconciliation of the fair value of plan assets:
Balance at the beginning of the year
22,232
32,205
Expected return on plan assets
751
1,987
Actuarial (losses) and gains (*)
2,834
(4,376)
Benefits paid
(1,667)
(8,767)
Employer contributions (note 4)
751
760
Contributions by fund participants
240
423
Balance at the end of the year
25,141
22,232
Consolidated
2013
$’000
2012
$’000
Current service cost
503
761
Interest cost on benefit obligation
999
1,984
Expected return on plan assets
(1,878)
(2,734)
Total included in employee benefits expense
(376)
11
Actual return on plan assets
3,710
89
(e) Amounts recognised in Consolidated Income Statement
The amounts recognised in the Consolidated Income Statement are as follows:
88
