UNITED TECHNOLOGIES CORPORATION (UK) PENSION SCHEME YEAR ENDED 31 DECEMBER 2024
STATEMENT OF NET ASSETS AVAILABLE FOR BENEFITS AS AT 31 DECEMBER 2024
All amounts are in £ thousands unless otherwise stated.
Note
2024
2023
Investment assets Bonds
9
1,044,127
1,172,762
Pooled investment vehicles
11
430,551
464,673
Derivatives
12
15,888
22,433
Asset Backed Funding
13
206,600
220,000
AVC investments
14
24,406
23,855
Insurance policies
15
770
720
Cash
16
2,895
971
Other investment balances
16
9,374
11,895
1,734,611
1,917,309
Investment liabilities
Derivatives
12
(14,611)
(19,754)
Amounts payable under repurchase agreements
17
(275,746)
(312,247)
Other investment balances
16
(4,277)
(5,024)
(294,634)
(337,025)
1,439,977
1,580,284
Total net investments
Current assets and liabilities
Current assets
22
6,650
6,508
Current liabilities
23
(4,487)
(4,509)
Total net assets available for benefits
1,442,140
1,582,283
The financial statements summarise the transactions of the Scheme and deal with the net assets at the disposal of the Trustee. They do not take account of obligations to pay pensions and benefits which fall due after the end of the Scheme year. The actuarial position of the Scheme, which takes into account such obligations, is dealt with in the report on actuarial liabilities on pages 7 to 9 of the annual report, and these financial statements should be read in conjunction with that report.
The notes on pages 34 to 48 form part of these financial statements.
The financial statements on pages 32 to 48 were approved by the Trustee and signed on its behalf.
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