Financial Statements 2017/18


29. Pension Schemes (continued) Local Government Pension Scheme (continued) Share of assets by category: The estimated share of assets as a percentage of total plan assets as at 31 July 2018 is set out below:


Asset category: Equities Bonds


Property Cash Total


At 31 July 2018 58%


30% 0%


12% 100%


The actuary has estimated the bid value of the fund’s assets as at 31 July 2018 to be £1.129bn (2017 £1.061bn) based on the information provided by the administering authority and allowing for index returns where necessary.


Year Ended


31 July 2018 £’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 cost


Total operating charge


Analysis of the amount charged to interest payable (note 11): Interest cost on scheme liabilities Interest income on scheme assets Net charge to interest payable


Total charged to statement of comprehensive income and expenditure before deduction for tax


Analysis of amounts recognised in other comprehensive income: Return on fund assets in excess of interest Changes in financial assumptions Experience gain on liabilities


Remeasurements of net defined benefit pension liability 202,112


(285,605) (83,493)


Year Ended


31 July 2017 £’000


186,941


(282,308) (95,367)


At 31 July 2017 71%


29% 0% 0%


100%


11,775 137


11,912


8,020 259


8,279


7,725


(5,100) 2,625


14,537


7,127


(4,026) 3,101


11,380


5,889


11,853 634


18,376


13,739 (7,629) 31,625 37,735


90


Middlesex University


Page 1  |  Page 2  |  Page 3  |  Page 4  |  Page 5  |  Page 6  |  Page 7  |  Page 8  |  Page 9  |  Page 10  |  Page 11  |  Page 12  |  Page 13  |  Page 14  |  Page 15  |  Page 16  |  Page 17  |  Page 18  |  Page 19  |  Page 20  |  Page 21  |  Page 22  |  Page 23  |  Page 24  |  Page 25  |  Page 26  |  Page 27  |  Page 28  |  Page 29  |  Page 30  |  Page 31  |  Page 32  |  Page 33  |  Page 34  |  Page 35  |  Page 36  |  Page 37  |  Page 38  |  Page 39  |  Page 40  |  Page 41  |  Page 42  |  Page 43  |  Page 44  |  Page 45  |  Page 46  |  Page 47  |  Page 48  |  Page 49  |  Page 50  |  Page 51  |  Page 52  |  Page 53  |  Page 54  |  Page 55  |  Page 56  |  Page 57  |  Page 58  |  Page 59  |  Page 60  |  Page 61  |  Page 62  |  Page 63  |  Page 64  |  Page 65  |  Page 66  |  Page 67  |  Page 68  |  Page 69  |  Page 70  |  Page 71  |  Page 72  |  Page 73  |  Page 74  |  Page 75  |  Page 76  |  Page 77  |  Page 78  |  Page 79  |  Page 80  |  Page 81  |  Page 82  |  Page 83  |  Page 84  |  Page 85  |  Page 86  |  Page 87  |  Page 88  |  Page 89  |  Page 90  |  Page 91  |  Page 92  |  Page 93  |  Page 94  |  Page 95  |  Page 96  |  Page 97  |  Page 98