56 Finsbury Food Group Annual Report & Accounts 2016





15. Deferred Consideration Receivable


 


£000


Balance at 29 June 2014 Unwinding of discount


Amount received during the year ended 27 June 2015 Balance at 27 June 2015


2,895 105


(3,000) -


16. Pension Schemes 


 


  


  


 based on the outcome of the full actuarial valuation dated 31 December 2012 and 31 December 2015. The valuation of the Scheme on an equity/bond   2020, and £100,000 thereafter until September 2023. The next full valuation is due by 31 December 2018, which will challenge the appropriateness 


 assets are expected to provide real returns over the long-term. The expected return on cash balances held is based on the current Bank of England base rate rather than long-term deposit rates as cash is held to cover short-term requirements.


 year end valuation for any outperformance expected from the Scheme’s actual asset holding over and above high quality corporate bonds.


2016 £000





 


The fair value of plan assets and the return on those assets were as follows:


2016 £000


Equities/target return fund Property Cash


 Actual return on plan assets


17,291 1,868 128


19,827 (661)


 or any other assets used by, the Company.


2015 £000


18,580 1,939 68


20,587 1,491


19,287


(25,750) (6,463)


2015 £000


20,587


(24,424) (3,837)


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