28. Intangible fixed assets - Group
Goodwill Intangible
£000
assets -
Customer
contracts
£000
Total
£000
Cost:
At 1 April 2015
Disposal
26,754
(282)
3,613
-
30,367
(282)
At 31 March 2016
26,472
3,613
30,085
Amortisation
At 1 April 2015
Charge for the year
4,311
1,343
110
181
4,421
1,524
At 31 March 2016
5,654
291
5,945
Net Book Value at 31 March 2016
20,818
3,322
24,140
At 31 March 2015
22,443
3,503
25,946
29. Pension
The Association operates a SHPS defined contribution pension scheme in respect of auto-enrolment which commenced 1 October 2013.
The assets of the scheme are held separately from those of the Association. The contributions of the Association varied between 1% and
7% and employees varied between 1% and 4% of pensionable earnings. The total employer cost of pension contributions for the year
was £118,182 (2015: £95,405). The number of employees in the pension scheme at the year-end was 627 (2015: 623).
The defined contribution pension scheme with AEGON was closed to new entrants during the financial year. The contributions of the
Association varied between 1% and 12% and employee contributions varied between 1% and 7% of pensionable earnings. The total
employer cost of pension contributions for the year was £369,845 (2015: £503,271). Contributions payable are charged to management
expenses as they fall due. The number of employees in the pension scheme at the y