Archived decisions


7h	Movement on pension reserve

	The movement in the net pension liability for the year is as follows:

			31 March	31 March
			2007	2008
			£'000	£'000

	Net deficit at beginning of year		-588,820	-609,040

	Movements in the year:
	current service cost		-58,630	-60,350
	past service cost		-1,980	-14,510
	contributions		51,780	57,510
	expected return on pension assets		63,430	72,620
	interest on pension liabilities		-77,520	-89,140
	actuarial (loss)/gain		2,700	204,050

	Net deficit at 31 March		-609,040	-438,860



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