Docusign Envelope ID: 7C50003C-051D-4E0C-907A-F452AD5C4EA2
UNITED TECHNOLOGIES CORPORATION (UK) PENSION SCHEME YEAR ENDED 31 DECEMBER 2023
FUND ACCOUNT FOR THE YEAR ENDED 31 DECEMBER 2023
All amounts are in £ thousands unless otherwise stated.
2023
Note
2022
Contributions and other income
-
Employer contributions
4
3,363
Total contributions
-
3,363
Benefits and other outgoings
64,740
Benefits paid or payable
5
59,332
5,278
Transfers out
6
35,606
2,793
Administrative expenses
7
3,101
72,811
98,039
Net withdrawals from dealings with members
(72,811)
(94,676)
Net returns on investments
30,100
Investment Income
8
31,910
56,641
Change in market value of investments
9
(930,717)
(449)
Investment management expenses
10
(544)
86,292
(899,351)
Net increase/(decrease) in the fund
13,481
(994,027)
1,568,802
Opening net assets
2,562,829
Closing net assets
1,582,283
1,568,802
The notes on pages 32 to 45 form part of these financial statements.
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