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Tiger Brands Limited Integrated Annual Report
2014
Annual financial statements
34 Pension obligations
continued
The actual return on plan assets for the period 1 October 2013 to 30 September 2014 was
R31,6 million (2013: R39,4 million). This compares with the expected return for the same period
of R39,6 million (2013: R32,9 million).
The value of contributions expected to be paid by group companies for the year ending
30 September 2015 amounts to R220,2 million (2014 actual: R201,3 million).
As at 30 September 2014, there were no properties occupied or other assets used by group companies
which formed part of the fair value of plan assets (2013: Rnil).
As at 30 September 2014, the percentage of the fair value of plan assets in respect of defined benefit
arrangements invested in Tiger Brands Limited shares amounted to 0% (2013: 0%).
Major categories of plan assets in respect of defined benefit arrangements as at 30 September:
GROUP
(%)
2014
Restated*
2013
Equities
5,6
3,9
Bonds
32,8
19,7
Cash
57,3
74,1
Property
0,7
0,3
International
3,1
1,8
Other
0,5
0,2
100,0
100,0
GROUP
(R’million)
2014
Restated*
2013
Balance at the end of the year
Present value of defined benefit obligations
(319,2)
(319,5)
Fair value of plan assets in respect of defined benefit obligations
423,0
428,9
Funded status of defined benefit plans
103,8
109,4
Unrecognised due to Paragraph 65 limit
–
(0,9)
Asset not recognised at reporting date
–
–
Asset at reporting date
103,8
108,5
*
The amounts have been restated due to the adoption of IAS 19R.