Coca-Cola Amatil - Note 21. Defined Benefit Superannuation Plan Liabilities

Coca-Cola Amatil 2007 Annual Report

Note 21. Defined Benefit Superannuation Plan Liabilities continued
c) Reconciliation of the present value of the defined benefit obligations

CCAGSP CCASP CCBISP1

Present value of defined benefit obligations at
the beginning of the financial year
Current service cost
Interest cost
Actuarial gains
Benefits paid
Curtailments and settlements
Net foreign currency movements

d) Reconciliation of the fair value
of plan assets

Fair value of plan assets at the beginning of
the financial year
Expected return on plan assets
Actuarial (losses)/gains
Employer contributions
Benefits paid

Present value of defined benefit obligations
at the end of the financial year

2007
$M
33.1
2.9
1.6
(3.1)
(4.6)
–
–
29.9
36.5
2.0
(0.9)
–
(4.6)
33.0
33.1

70.1

2006

2007
$M
70.1
7.4
3.5
(8.4)
(10.6)
–
–
62.0
85.1
5.5
0.1
1.7
(10.6)
81.8
2006

2007
$M
24.8
2.1
2.5
–
(1.9)
–
(3.8)
23.7
–
–
–
–
–
n/a
$M

34.4

3.0

1.6

(2.2)
(3.7)
–
–
72.3

8.6

3.1

(7.7)
(6.2)
–
–
23.1

2.3
2.9
(0.1)
(0.8)
–
(2.6)

33.4

2.0

2.9

1.9

(3.7)
83.3

5.0

4.3

(1.3)
(6.2)
–
–
–
–
–

Fair value of plan assets at the end of
the financial year

36.5

85.1

n/a

The CCBISP has no plan assets. PT Coca-Cola Bottling Indonesia accrues the plan’s liabilities as per the actuarial assessment applying the “corridor” approach as outlined above.

e) Reconciliation of the assets and liabilities recognised in the balance sheets

CCAGSP CCASP CCBISP CCA Group

2007 2006 2007 2006 2007 2006 2007 2006
$M $M $M $M $M $M $M $M

(3.4)
(15.0)
24.8

6.4

Unrecognised past service cost

–

(3.3)
(3.3)
Unrecognised gains

6.9

21.9

0.4

29.2

3.5

6.9

21.9

These amounts are disclosed as –

Net liability recognised in the balance
sheets at the end of the financial year

3.5

6.9

21.9

Present value of funded defined benefit
obligations at the end of the financial year

29.9
(33.0)
(3.1)
–
8.7
5.6
5.6
2.9
1.6
(2.0)
(0.3)
–
–
2.2
33.1

62.0
(81.8)
(19.8)
–
29.3
9.5
9.5
7.4
3.5
(5.5)
(1.0)
–
–
4.4
70.1

23.7
–
23.7
(2.6)
0.4
21.5
21.5
2.1
2.5
–
–
0.7
(0.5)
4.8
24.8
Fair value of plan assets at the end of
the financial year

(36.5)
(85.1)
–

115.6
(114.8)
0.8
(2.6)
38.4
36.6
36.6
12.4
7.6
(7.5)
(1.3)
0.2
–
11.4
(121.6)
f) Expense recognised in the
income statements

Current service cost
Interest cost
Expected return on plan assets
Actuarial (losses)/gains
Past service cost
Foreign exchange (losses)/gains

3.0

1.6

(2.0)
–
–
–
8.6

3.1

(5.0)
(0.2)
–
–
2.3

2.9
–
0.1

0.1

0.6

13.9

7.6

(7.0)
(0.1)
0.7
–
Expense recognised in the income statements

2.6

6.5

6.0

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