Presentation - Kier Group
Presentation - Kier Group
Presentation - Kier Group
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PensionsAt 31DecemberAt 30JuneChangeAt 31December2011£m2011£m£m2010£m<strong>Kier</strong> <strong>Group</strong> Pension Scheme:Market value of assets717680+37667Present value of liabilities(750)(711)-39(732)Deficit in the scheme(33)(31)-2(65)Deferred tax88-17Net pension liability(25)(23)-2(48)Net effect of Sheffield Pension Scheme(4)1-5-Total net pension liability(29)(22)-7(48)Key assumptions:Discount rate4.8%5.5%-0.7%5.4%Inflation rate – RPI2.9%3.6%-0.7%3.6%Inflation rate – CPI2.0%2.7%-0.7%2.8%18
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