Spartacus What are you smoking? There is no bit of "substantial surplus" that I don't understand, because there isn't one. There is no "surplus" at all. There hasn't been a "surplus" for many years! Today's article confirms the deficit as at 2011 is £380m. I must admit that I thought it was "only" £320m, but that's because I was measuring 31/12/11 investment values against the 31/12/10 actuarial valuation. It seems that an interim revaluation as at 31/12/11 may have resulted in an extra deficit of £60m. How can you say that there is a "substantial surplus" when the audited accounts of the States of Guernsey for 2010 showed scheme assets of £930m and scheme liabilities of £1,216 billion. That's a deficit, not a surplus. I always told you that you didn't understand accounting - what more evidence do you require? You seem to think that I had some responsibility for the figures in the article. I had none whatsoever. The only evidence that the liabilities and thus the deficit is growing has come from official States audited accounts, and from the official figures from the valuations. That's good enough for me. Clearly not for you though! Keep clutching at straws. Or maybe just accept that you were utterly wrong all along.
Voice For Victims
Voice for Victims is a campaign aimed at promoting the rights of those affected by child sexual abuse.
