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Notes to the accounts

continued

25 Retirement benefit obligations (continued)

2010 2009 2008 2007 2006
Amounts recognised in the balance sheet £m £m £m £m £m

Defined benefit obligation for
funded arrangements (2,824.0) (2,334.0) (2,397.0) (2,237.0) (2,096.0)
Defined benefit obligation for
unfunded arrangements (29.0) (18.0) (16.0) (14.0) (13.0)

Total defined benefit obligation (2,853.0) (2,352.0) (2,413.0) (2,251.0) (2,109.0)
Total value of assets 1,948.4 1,622.0 1,859.0 1,810.0 1,630.0

Defined benefit liability at end of year (904.6) (730.0) (554.0) (441.0) (479.0)

Year ended 30 January 2010 Year ended 31 January 2009
Amounts recognised in the income statement £m £m

Current service cost 96.7 96.1
Contribution expense 0.9 0.3
Administrative costs 1.3 1.8

Operating cost 98.9 98.2

Interest cost on liabilities 159.6 149.9
Expected return on assets (135.0) (144.5)

Finance charge 24.6 5.4

Total pension charge 123.5 103.6

Year ended 30 January 2010 Year ended 31 January 2009
Amounts recognised in equity £m £m

Actuarial (gains)/losses on assets (164.7) 514.5
Actuarial losses/(gains) on defined benefit obligation 325.1 (234.4)

Total loss recognised in equity 160.4 280.1

Cumulative loss recognised in equity 569.5 409.1

2010 2009
Reconciliation of defined benefit liability £m £m

Defined benefit liability at beginning of year (730.0) (554.0)
Pension expense (121.3) (101.5)
Contributions* 107.1 205.6
Total loss recognised in equity (160.4) (280.1)

Defined benefit liability at end of year (904.6) (730.0)