79
2014 ANNUAL REPORT
9 Employee benefits
(continued)
e) Changes in the fair value of plan assets are as follows:
Defined benefit pension plans
2014
2013
Opening fair value of plan assets
4,120,688
3,744,144
Exchange adjustments
(2,549)
–
Interest income
194,595
193,342
Return on plan assets, excluding interest income
25,309
250,552
Contributions by employer
17,184
17,761
Members’contributions
1,029
1,012
Benefits paid
(89,230)
(84,597)
Expense allowance
(1,522)
(1,526)
Closing fair value of plan assets
4,265,504
4,120,688
Actual return on plan assets
206,579
434,807
f) Plan asset allocation as at September 30
Defined benefit pension plans
Fair value
% Allocation
2014
2013
2014
2013
Equity securities
1,975,432
1,882,649
46.31
45.69
Debt securities
1,786,142
1,639,583
41.87
39.79
Property
31,524
32,056
0.74
0.78
Mortgages
1,132
1,855
0.03
0.05
Money market instruments/cash
471,274
564,545
11.05
13.70
Total fair value of plan assets
4,265,504
4,120,688
100.0
100.0
