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
6694 130 669
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