FFIINANNANCCIALIAL S STTAATTEEMMEENNTTSS NOTES TO THE FINANCIAL STATEMENTS CONTINUED S 26 PENSION OBLIGATIONS CONTINUED TR Assumptions continued A TE G I The following table provides information on the composition and fair value of the assets of the scheme: C 31 December 31 December 31 December 31 December 31 December 31 December R E 2023 2023 2023 2022 2022 2022 P Quoted Unquoted Total Quoted Unquoted Total O R £m £m £m £m £m £m T Asset class G Overseas equities 5.6 – 5.6 25.9 – 25.9 O Private debt – 30.7 30.7 – 34.6 34.6 VE R Asset-Backed Securities 4.3 – 4.3 37.7 – 37.7 NAN Liability driven investment 133.3 3.3 136.6 26.3 9.5 35.8 Corporate bonds – – – 24.5 – 24.5 C Absolute return bonds – – – – 11.2 11.2 E Diversified alternatives – – – – 0.9 0.9 F I Cash 30.9 – 30.9 12.8 – 12.8 NAN Insurance policies 4.7 – 4.7 3.6 – 3.6 C Total 178.8 34.0 212.8 130.8 56.2 187.0 IAL The scheme assets and funded obligations at 31 December are summarised below: S T 2023 2022 A £m £m T E Total fair value of scheme assets 212.8 187.0 M E N Present value of funded obligations (215.9) (188.9) T Funded status at the end of the year (3.1) (1.9) S Adjustment to reflect minimum funding requirements (45.9) (59.3) F Liability recognised in the Statement of Financial Position (49.0) (61.2) U R T H E The adjustment to reflect minimum funding requirements represents the excess of the present value of contractual future recovery plan contributions, R discounted using the assumed scheme discount rate, over the funding status established through the actuarial valuation. INF Amounts recognised in the Consolidated Income Statement during the year ended 31 December were as follows: OR M 2023 2022 A £m £m T I Amounts charged to operating loss: ON Current service cost – (0.7) Past service cost – (2.8) – (3.5) Amounts charged to finance expense: Net interest expense on the net Defined Benefit liability 0.2 0.1 Interest expense on the adjustment to reflect minimum funding requirements (2.9) (1.5) Total expense recognised in the Income Statement (2.7) (4.9) ASTON MARTIN LAGONDA ANNUAL REPORT AND ACCOUNTS 2023 188