Docusign Envelope ID: 7C50003C-051D-4E0C-907A-F452AD5C4EA2
UNITED TECHNOLOGIES CORPORATION (UK) PENSION SCHEME YEAR ENDED 31 DECEMBER 2023
STATEMENT OF NET ASSETS AVAILABLE FOR BENEFITS AS AT 31 DECEMBER 2023
All amounts are in £ thousands unless otherwise stated.
2023
Note
2022
Investment assets
1,172,762
Bonds
9
1,145,443
464,673
Pooled investment vehicles
11
482,870
22,433
Derivatives
12
35,085
220,000
Asset Backed Funding
13
212,600
23,855
AVC investments
14
23,193
720
Insurance policies
15
1,012
971
Cash
16
3,681
6,871
Other investment balances
16
7,657
1,912,285
1,911,541
Investment liabilities
(19,754)
Derivatives
12
(36,760)
Amounts payable under repurchase agreements
(312,247)
17
(311,399)
(332,001)
(348,159)
1,580,284
1,563,382
Total net investments
Current assets and liabilities
6,508
Current assets
22
9,537
(4,509)
Current liabilities
23
(4,117)
Total net assets available for benefits
1,582,283
1,568,802
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 and 8 of the annual report, and these financial statements should be read in conjunction with this report.
The notes on pages 32 to 45 form part of these financial statements.
The financial statements on pages 30 to 45 were approved by the Trustee and signed on its behalf on;
7/25/2024
Date ……………………………
Trustee Director …………………………………………….
31
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