18. Retirement Benefit Obligations
Movement in the liability recognized in the Balance Sheet:

	Group		Company
	2001	2000	2001	2000
At beginning of year	254	235	253	234
Current service cost (Note 3)	90	30	90	30
Contributions paid	(14)	(11)	(14)	(11)
At the end of year	330	254	329	253
As stated in Accounting Policy 13 an actual valuation was carried out by an independent professional valuer in respect of all employees of SLTL as at 31 December 2001. The principal actuarial assumptions used were as follows:
			Company
			2001	2000
Discount rate			11%	11%
Future salary increases			9%	9%
Future pension increases			3.2%	3%
In addition to the above, demographic assumptions such as mortality, withdrawal and disability and retirement age were considered for the actuarial valuation.
Notes 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29