accord_fs_2020_JD_FINAL | Page 68

66 | Accord Housing Association
Present values of defined benefit obligation , fair value of assets and defined benefit asset ( liability )
31 March 2020
01 April 2019
£ 000
£ 000
Fair value of plan assets
40,847
39,627
Present value of defined benefit obligation
45,756
52,729
Deficit in plan
( 4,909 )
( 13,102 )
Unrecognised surplus
-
-
Defined benefit liability to be recognised
( 4,909 )
( 13,102 )
Deferred tax
-
-
Net defined benefit liability to be recognised
( 4,909 )
( 13,102 )
Reconciliation of the impact of the asset ceiling
31 March 2020
£ 000
Impact of asset ceiling at start of period
-
Effect of the asset ceiling included in net interest cost
-
Actuarial losses / ( gains ) on asset ceiling
-
Impact of asset ceiling at end of period
-