Page 98 - Paragon Annual Report 2

94 | Group financial statements
Notes to the consolidated financial statements (continued) 24 Retirement benefits (continued)
The history of the scheme for the current and prior period is as follows:
Fair value of scheme assets
Present value of defined benefit obligations Net surplus
Experience adjustments on scheme liabilities Percentage of total scheme obligation Experience adjustments on scheme assets Percentage of scheme assets
9,553 9,626 8,592 8,749 961 877 76 68 1% 1% 1,187 290 12% 3%
2017
€000
9,406
8,858
548
220
–
0%
2%
2016
€000
2015
€000
The last actuarial valuation of the plan was performed by the Actuary for the Trustees as at 30 June 2017. This valuation revealed a surplus in plan so no deficit contributions are due from the Company. Therefore, the Company does not expect to/ make a payment to the plan during the accounting year beginning 1 July 2017 other than in respect of ongoing expenses.
Change in assumption
Change in obligation
Sensitivity analysis
Discount rate
Expected rate of inflation Assumed life expectancy
+0.5%/-0.5% +0.5%/-0.5% + 1 year
+9.0%/-8.0% +4.0%/-5.0% +4.0%
Paragon Group Limited – 05258175