Page 97 - Paragon Annual Report 2

Notes to the consolidated financial statements (continued) 24 Retirement benefits (continued)
Amounts recognised in other Comprehensive Income in respect of the defined benefit scheme are as follows:
Actuarial losses on defined benefit obligation Actual return on assets
(1,007) 1,187
180
| 93
2017
€000
(601)
220
Expected return on assets and interest on obligations are recorded under investment income. The cumulative actuarial gains and losses recognised in the Consolidated Statement of Comprehensive Income is €3,058,000 (2016: €3,439,000).
Changes in the present value of defined benefits obligations are as follows:
Opening defined benefits obligation Interest cost
Foreign exchange movements Actuarial losses
Benefits paid
Closing defined benefits obligation
Changes in the fair value of scheme assets are as follows:
Opening fair value of scheme assets Expected returns
Foreign exchange movements Actual gain
Benefits paid
Closing fair value of scheme assets
The fair value of the scheme assets at the Consolidated Statement of Financial Position date is analysed as follows:
Equity instruments Gilts
Cash
8,749 275
(1,242) 1,007
(197)
8,592
9,626 303
(1,366) 1,187
(197)
9,553
3,888 3,239 2,426
9,553
8,592
220
(357)
601
(198)
2016
€000
(381)
2017
€000
2016
€000
8,858
2017
2016
€000
9,553
244
(413)
220
(198)
€000
9,406
Value at 30 June 2017
€000
4,110
2,934
2,362
Value at 30 June 2016
€000
9,406
Paragon Group Limited – 05258175