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  "documentTitle": "Melrose | Results Presentation Deck | 44 slides",
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  "presentationDate": "2022-03-01 00:00:00",
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  "notes": "Includes a process flow diagram showing the reduction of the GKN UK funding deficit.",
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      "text": "GKN UK Funding deficit bridge showing progression from Acquisition commitment to 31 December 2021 surplus.",
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      "text": "GKN UK schemes now in accounting surplus of £172 million, equivalent funding surplus of c.£100 million",
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      "text": "The Group's gross pension plan liabilities have reduced by 25% during the year, including £379 million of gross liabilities transferred with businesses disposed and £366 million following a successful buy-out of the pensioners of the GKN UK 2016 scheme",
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      "text": "The Melrose funding commitment made on acquisition of GKN, fulfilled ahead of time. Ongoing annual payments are halved to £30 million and no funding requirement from future disposal proceeds",
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      "text": "Includes a surplus of £179 million relating to the GKN UK Group Pension Schemes (numbers 1 - 4) and a deficit of £7 million relating to the GKN UK Post Retirement Medical Scheme",
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