Annual Report 2011 - Mandarin Oriental Hotel Group

12 Pension plans continued
The five year history of experience adjustments is as follows:
Annual Report 2011 59
2011 2010 2009 2008 2007
US$m US$m US$m US$m US$m
Fair value of plan assets 62.4 67.3 62.6 53.9 80.3
Present value of funded obligations (50.1 ) (48.1 ) (46.6 ) (47.3 ) (46.4 )
Surplus 12.3 19.2 16.0 6.6 33.9
Experience adjustments on plan assets (8.5 ) 1.1 8.8 (30.7 ) 5.1
Percentage of plan assets (%) 13.6 1.6 14.1 57.0 6.4
Experience adjustments on plan obligations 2.5 2.1 3.2 (1.0 ) 1.4
Percentage of plan obligations (%) 5.0 4.4 6.8 2.2 3.0
The estimated amount of contributions expected to be paid to the plans in 2012 is US$1.3 million.
The amounts recognized in profit and loss are as follows:
2011 2010
US$m US$m
Current service cost 3.4 4.1
Interest cost 2.2 2.3
Expected return on plan assets (5.0 ) (4.7 )
0.6 1.7
Actual return on plan assets in the year (3.7 ) 5.7
The above amounts are all recognized in arriving at operating profit (refer note 2) and are included in cost of sales,
selling and distribution costs and administration expenses.