Defined benefit schemes
The net pension expense before tax recognised in the income statement in respect of the defined benefit schemes is summarised as follows:
|Current service cost||22.3||18.1|
|Pension expense charged to operating profit||26.1||26.2|
|Net pension interest (income)/expense (credited)/charged to investment income/finance expense (see notes 4 and 5)||(3.1)||7.0|
|Net pension expense charged before tax||23.0||33.2|
Defined benefit pension costs excluding curtailments/settlements included within employee benefit expense were £25.0 million (2015: £20.7 million) comprising current service costs and administrative expenses. Total post-employment benefits expense excluding curtailments/settlements charged to operating profit of £34.9 million (2015: £29.5 million) comprise the defined benefit costs described above of £25.0 million (2015: £20.7 million) and defined contribution pension costs of £9.9 million (2015: £8.8 million) (see note 2).
The reconciliation of the opening and closing net pension surplus/(obligations) included in the statement of financial position is as follows:
|At the start of the year||79.2||(177.4)|
|Expense recognised in the income statement||(23.0)||(33.2)|
|Remeasurement gains gross of tax||160.1||250.5|
|At the end of the year||275.2||79.2|
Included in the contributions paid of £58.9 million (2015: £39.3 million) were deficit repair contributions of £33.3 million(2015: £9.7 million). No inflation funding mechanism payments were made during the year (2015: £5.5 million).
Remeasurement gains and losses are recognised directly in the statement of comprehensive income.
|The return on plan assets, excluding amounts included in interest||56.0||705.2|
|Actuarial gains/(losses) arising from changes in financial assumptions||98.1||(500.8)|
|Actuarial (losses)/gains arising from changes in demographic assumptions||(46.6)||10.2|
|Actuarial gains arising from experience||52.6||35.9|
|Remeasurement gains on defined benefit pension schemes||160.1||250.5|
For more information in relation to the group's defined benefit pension schemes see note A5.
Defined contribution schemes
During the year, the group made £9.9 million (2015: £8.8 million) of contributions to defined contribution schemes which are included in employee benefit expense (see note 2).
The company did not participate in any of the group's pension schemes during the years ended 31 March 2016 and 31 March 2015.