BL-2023-000713 - Bundle for Disposal Hearing

Jockey Club Racecourses Limited Notes to the financial statements Year ended 31 December 2021

18.

Pension schemes (continued)

Reconciliation to the statement offinancial position

2021

2020

£m

£m

Market value of assets

62.7

68.2

Present value of defined benefit obligation

(85.3)

(79.3)

(11.1)

(22.6)

Thefollowing amounts have been recognised in thefinancial statements:

2020

2021

Income statement

£m

£m

Amounts included in Administrative expenses: Past service cost

(0.1) (0.2)

Administrative expenses

(0.3)

(0.3)

(0.3)

Amounts included in otherfinance income/(costs): Net interest cost

(0.2)

(0.3)

(0.3)

(0.2)

Total included in income statement

(0.6)

(0.5)

2021

2020

Other comprehensive income/(loss)

£m

£m

Changes in assumptions underlying the present value of scheme liabilities

(15.9)

5.4 5.6

Actual return on assets less interest

3.8

(12.1)

11.0

374, 378

159

NT1/115

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