Table:
|  | 2019 | 2018 |
| --- | --- | --- |
|  | £m | £m |
| Present value of funded obligations | 20.0 | 19.7 |
| Fair value of plan assets | (22.2) | (21.0) |
| Effect of surplus cap | 2.2 | 1.3 |
| Net asset recognised in the Consolidated balance sheet | – | – |
Paragraphs:
Amounts recognised in the balance sheet are as follows:
The surplus of £2.2m (2018: £1.3m) has not been recognised as an asset as it is not deemed to be recoverable by the Group.
Question:
Why is the surplus not recognised as an asset?
Answer: as it is not deemed to be recoverable by the Group