Annual Report 2012 - Cadogan

NOTES ON THE FINANCIAL STATEMENTS 31 DECEMBER 2012
23 Pension arrangements (continued)
Summary of prior year amounts
2012 2011 2010 2009 2008
£000 £000 £000 £000 £000
Present value of defined benefit obligation
Scheme assets
Surplus/(deficit)
Experience gains and losses on
scheme liabilities
Changes in assumptions used to value
scheme liabilities
Experience adjustments on scheme assets
(31,782) (29,156) (24,559) (23,317) (19,403)
26,185 24,373 25,094 21,903 18,206
(5,597) (4,783) 535 (1,414) (1,197)
23 63 1,151 (16) 1,210
(1,856) (3,631) (1,292) (3,523) 398
593 (2,277) 1,833 2,586 (4,562)
The cumulative amount of actuarial gains and losses
recognised in the statement of total recognised gains
and losses since the Scheme's inception was a loss of
£5,108,000 (2011 – loss £4,153,000).
Defined contribution schemes
The pension charge in respect of defined contribution
schemes represents contributions payable by the
group to such schemes and amounted to £468,000
(2011 – £434,000), of which £nil (2011 – £nil) was
unpaid at the balance sheet date.
24 Capital and other Commitments
Outstanding capital commitments were as follows:
Capital expenditure contracted for but not provided
for in the financial statements
Group
2012 2011
£000 £000
21,068 10,630
There were no outstanding commitments for capital expenditure in the
company at either year end.
25 ultimate ownership
The ultimate holding company is Cadogan Settled Estates Limited, which is registered in England and Wales and which is ultimately controlled
by The Eighth Earl Cadogan’s 6 December 1961 Settlement. The consolidated financial statements of Cadogan Settled Estates Limited may be
obtained from The Registrar of Companies, Companies House, Crown Way, Cardiff, CF14 3UZ.
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