Page 105 - Pobl Annual Report FY25

Annual Report 2025 103
Amounts recognised in the Statement of Comprehensive Income are as follows:
Pobl Pension Scheme Swansea
Pension Fund
Dyfed Pension
Fund
Group Company Group Group
2025 2024 2025 2024 2025 2024 2025 2024
£’000 £’000 £’000 £’000 £’000 £’000 £’000 £’000
Current service cost (980) (935) (617) (600) (303) 344 - -
Orphan SHPS liability
- - - (280) - - -
Expenses (315) (125) (138) (52) - - -
Net interest cost (889) (819) (388) (360) 127 (152) - -
Unrestricted surplus less receipt from fund
- - - - - - - (378)
(2,184) (1,879) (1,143) (1,292) (176) 192 - (378)
Amounts recognised in Other Comprehensive Income are as follows:
Pobl Pension Scheme Swansea Pension
Fund
Dyfed Pension
Fund
Group Company Group Group
2025 2024 2025 2024 2025 2024 2025 2024
£’000 £’000 £’000 £’000 £’000 £’000 £’000 £’000
Experience on plan assets
- loss (8,808) (11,225) (3,998) (5,841) (1,228) 920 - -
Experience on plan
liabilities - gain (1,653) 3,353 (633) 2,194 (37) 2,943 - -
Effect of changes in
financial assumptions -
gain 14,630 781 6,404 781 4,189 - - -
Effects of changes in
demographic assumptions
- gain (508) - (222) - 188 - - -
Surplus restriction
- - (3,885) (4,291) - 423
Total actuarial (loss)/gain 3,661 (7,091) 1,551 (2,866) (773) (428) - 423
The amount included in the Statement of Financial Position arising from the obligations in respect of its defined benefit retirement
benefit schemes is as follows:
Pobl Pension Scheme Swansea Pension
Fund
Dyfed Pension
Fund
Group Company Group Group
2025 2024 2025 2024 2025 2024 2025 2024
£’000 £’000 £’000 £’000 £’000 £’000 £’000 £’000
Fair value of plan assets 78,328 79,799 34,367 34,931 34,955 35,293 - -
Present value of defined benefit
obligation (91,158) (100,356) (39,996) (43,930) (21,393) (25,051) - -
(Deficit)/surplus (12,830) (20,557) (5,629) (8,999) 13,562 10,242 - -
Surplus restriction -
unrecognised asset - - - - (11,856) (7,606) - -
(Liability)/asset recognised on
the balance sheet (12,830) (20,557) (5,629) (8,999) 1,706 2,636 - -
Notes to the Financial Statements
for the year ended 31 March 2025