Page 95 - Paragon Annual Report 2

Notes to the consolidated financial statements (continued) 24 Retirement benefits
Defined contribution scheme – UK
The defined contribution schemes – UK are funded by the payment of contributions to an independently administered fund and the assets of the scheme are held separately from those of the Group. The pension cost charge for the year amounted to €929,000 (2016: €481,000).
Contributions totalling €354,000 (2015: €37,000) were payable to the fund at the year end and are included in creditors.
Defined contribution scheme – Norway
The defined contribution schemes – Norway are funded by the payment of contributions to an independently administered fund and the assets of the scheme are held separately from those of the Group. The pension cost charge for the year amounted to €265,000 (2016: €296,000). Contributions totalling €36,000 (2016: €46,000) were payable to the fund at the year end and are included in creditors.
Defined contribution scheme – Netherlands
The defined contribution scheme – Netherlands is funded by the payment of contributions to an independently administered fund and the assets of the scheme are held separately from those of the Group. The pension cost charge for the year amounted to €287,000 (2016: €267,000). Contributions totalling €nil (2016: €42,000) were payable to the fund at the year end and are included in creditors.
Defined contribution scheme – Ireland
The defined contribution scheme – Ireland is funded by the payment of contributions to an independently administered fund and the assets of the scheme are held separately from those of the Group. The pension cost charge for the year amounted to €32,000 (2016: €28,000). Contributions totalling €8,000 (2016: €12,000) were payable to the fund at the year end and are included in creditors.
Defined contribution scheme – USA
The defined contribution scheme – USA is funded by the payment of contributions to an independently administered fund and the assets of the scheme are held separately from those of the Group. The pension cost charge for the year amounted to €4,000 (2016: €nil). Contributions totalling €nil (2016: €nil) were payable to the fund at the year end.
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