RSS feedsA snapshot of the company's final salary pension scheme at the end of December 2002 revealed that its assets exceeded its liabilities by £300,000.
Recently, a survey by Credit Suisse First Boston found that FRS 17 had left FTSE 100 companies with a staggering £77bn aggregate pension deficit, almost equalling their combined profits.
Amongst the FTSE 100, BAE (628%), Rolls Royce (420%) and Pearson (330%) were some of the companies hardest hit.
The news of a pension surplus at British Vita came as the coming announced results slightly better than expectations. Profits climbed to £109.5m on turnover of £893m.
FRS 17 comes into effect in 2005.
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