Middlesex University
Financial Statements 2015/16
30. Pension Schemes (continued)
Year Ended 31 July 2016 £000
Analysis of the amount shown in the balance sheet: Fair value of scheme assets
Present value of scheme liabilities Net pension liability – Deficit on the scheme
Amount recorded within pension provisions (Note 21) Current service cost Past service costs
Administration expenses Total operating charge:
Analysis of the amount charged to interest payable (Note 11): Interest cost
Interest on net deficit Net charge to other finance income Total profit and loss charge before deduction for tax
Analysis of other comprehensive income: Return on fund assets in excess of interest Actuarial losses on assets
Change in financial assumptions Experience gain/(loss) on liabilities
Total other comprehensive income before deduction for tax
166,605 (295,196) (128,591)
Year Ended 31 July 2015 £000
141,074
(240,423) (99,349)
7,296 – –
7,296
6,023 496 153
6,672
8,964
(5,278) 3,686
10,982
8,846
(5,710) 3,136
9,808
17,083 –
(45,942) 3,844
(25,015)
2,633 (5,101)
(16,643) (1)
(19,112)
71
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