expected returns on pension fund approximately £54m as assumptions a result of estimates to be applied being for each of and Expenditure Statement and further information assets. revised and updating its financial pension and schemes. demographic is provided in the pensions note. Actuaries are engaged to provide the assumptions. This is reported on the Group Income PCC with expert advice about the Note 4 Critical judgements in applying accounting policies judgement made in the Statement of Accounts is as work being undertaken in conjunction with the National follows: Crime Agency to investigate historic allegations of CSE In applying the accounting policies laid out in , the (Operation Stovewood) and the events that took place at Note 4 Critical judgements applying in accounting PCC and Chief Constable are required to make certain There is a high degree of uncertainty about the judgements about transactions or those involving future levels of funding for the PCC and the impact uncertainty about future events. The critical of future legacy costs such as civil claims in relation to the Hillsborough Inquests / Claims and CSE,
expected returns on pension fund assets. Actuaries are engaged to provide the PCC with expert advice about the assumptions to be applied for each of its pension schemes. approximately £54m as a result of estimates being revised and updating financial and demographic assumptions. This is reported on the Group Income and Expenditure Statement and further information is provided in the pensions note. Note 4 Critical judgements in applying accounting policies In applying the accounting policies laid out in , the PCC and Chief Constable are required to make certain judgements about transactions or those involving uncertainty about future events. The critical judgement made in the Statement of Accounts is as follows: There is a high degree of uncertainty about the future levels of funding for the PCC and the impact of future legacy costs such as civil claims in relation to the Hillsborough Inquests / Claims and CSE, work being undertaken in conjunction with the National Crime Agency to investigate historic allegations of CSE (Operation Stovewood) and the events that took place at Note 4 Critical judgements in applying accounting
syp-group-annual-accounts-2017-18-draft-new-format.docx