Movement in Reserves Statement 1st April 2010 – 31st March 2011 £000’s General Fund Balance Earmarked GF Reserves Capital Receipts Reserve Capital Grants Unapplied Total Usable Reserves Revaluation Reserve Capital Adjustment Account Pensions Reserve Accum Compensation Unusable Reserve Unusable Reserves Total Authority Reserves Balance at 31 March 2010 460 887 231 37 1,615 1,652 11,965 -4,948 -64 8,605 10,220 Movement in reserves during 2010/11 Surplus or (deficit) on provision of services 452 452 452 Other Comprehensive Expenditure and Income 82 2,199 2,281 2,281 Total Comprehensive Expenditure and Income 452 452 82 2,199 2,281 2,733 Adjustments between accounting basis & funding basis under regulations (Note 7) -410 -16 -37 -463 -22 -248 729 4 463 Net Increase/Decrease before Transfers to Earmarked Reserves 42 -16 -37 -11 60 -248 2,928 4 2,744 2,733 Transfers to/from Earmarked Reserves (Note 8) -18 18 Increase/Decrease in Year 24 18 -16 -37 -11 60 -248 2,928 4 2,744 2,733 Balance at 31 2011 carried forward 484 905 215 1,604 1,712 11,717 -2,020 -60 11,349 12,953 Pembrokeshire National Park Authority Movement in Reserves Statement
Cost or Valuation At 1 2010 9,297 961 31 262 48 180 10,779 Additions 11 34 40 85 Disposals Assets made operational 170 -170 Revaluations 66 66 Impairment -5 -5 Other reclassifications -17 82 -48 17 At 31 March 2011 9,522 995 31 344 50 10,942 Depreciation and Impairment At 1 April 2010 313 537 850 Depreciation Charge 146 155 301 Depreciation written out to Revaluation Reserve -19 -19 At 31 March 2011 440 692 1,132 Net Book Value At 31 March 2011 9,082 303 31 344 50 9,810 At 31 March 2010 8,984 424 31 262 48 180 9,928 2009/10 Asset Schedule £000’s Other Land & Buildings Vehicles, Plant & Equipment Assets Community Assets Surplus Assets PP&E Total PP&E Cost or Valuation At 1 April 2009 9,085 873 31 262 48 66 10,365 Additions 88 114 202 Revaluations 212 212 At 31 March 2010 9,297 961 31 262 48 180 10,779 Depreciation and Impairment At 1 April 2009 280 401 681 Depreciation Charge 89 136 225 Impairment losses -56 -56 At 31 2010 313 537 850 Net Book At 31 March 2009 8,805 472 31 262 48 66 9,684 At 31 March 2010 8,984 424 31 262 48 180 9,928
Equities 70.5% 69.8% Government Bonds 12.1% 14.6% Other Bonds 11.2% 14.4% Property 4.5% 0% Other 1.7% 1.2% TOTAL 100% 100% The Expected Rate of Return on these assets is as follows (gross of expenses): Start of Year End of Year Equities 7.5% 7.5% Government 4.5% 4.4% Other Bonds 5.2% 5.1% Cash / Liquidity 0.5% 0.5% Expenses Reduction 0.32% 0.32% Post Retirement mortality assumptions Start of Year End of Year Non-retired members retiring in the normal health PA92mc YoB Tables + 1year Males - 99% S1PMA CMI_2009_M (1%) Females - 93% S1PFA CMI_2009_F (1%) Current Pensions(retired in normal health PA92mc YoB Tables + 1year Males – 99% S1PMA CMI_2009_M (1%) Females – 93% S1PFA CMI_2009_F (1%) Life Expectancy Start of Year End of Year Of males (female) future pensioner aged 65 in 20 years time 22.2 (25.0) years 23.3 (26.1) years Of males (female) current pensioner aged 65 21.2 (24.1) 21.9 (24.5) years History of experience gains and losses The actual gains identified as movement on the Pension Reserve in 2010/11 can be analysed into the following categories, measured as percentages of Assets or liabilities as at 31 March 2010 2010/11 % 2009/10 % 2008/09 % 2007/08 % 2006/07 % 2005/06 2004/5 Differences between the expected and actual returns on assets (3.9%) (22.2) (31.5) (10.1) (0.3) 12.7 3.8 Experience gains and losses on liabilities 8.8% 24.6 27.4 5.1 0.0 (3.2) 0.1 Commutation of pension for lump sum at retirement Start of Year End of Year