Capital expenditure contracted for at 30 June 2007 but not provided in the financial statements was £12.2m (2006: £66.7). The capital expenditure is in relation to the construction of the South Stand Development Project which is due for completion in 2008.

The Group and Parent undertaking have commitments to pay Premier Rugby Limited £4.0m each year, plus a further £1.0m in 2007/2008 in respect of the 2007 Rugby World Cup, until 2008/09. Further amounts are payable to Premier Rugby Limited under a revenue sharing arrangement if certain annual review targets are achieved. It is not possible to estimate these further amounts payable because the actual result cannot be reliably predicted.

The Group and Parent undertaking have a commitment to pay First Division Rugby Limited £0.8m each year until 2008/09.

(a) Defined contribution scheme

The Group operates a defined contribution pension scheme in the UK. The assets of the scheme are held separately from those of the Group in an independently administered fund. The pension cost charge represents contributions payable by the Group to the fund and amounted to £0.9m (2006: £0.9m). At 30 June 2007 contributions amounting to £0.1m (2006: £nil) were payable to the
fund and are included in creditors.

(b) Defined benefit scheme
The Group operates a defined benefit pension scheme in the UK. The assets of the scheme are held separately from those of the Group in an independently administered fund. The pension cost for the Group was £0.9m (2006: £0.9m). The pension cost is assessed in accordance with the advice of a qualified actuary using the asset valuation method. A full actuarial valuation was carried out at 30 April 2005 and updated to 30 June 2007 by a qualified independent actuary.

At the date of the latest actuarial valuation the market value of the assets of the scheme was £6.4m and the actuarial value of the assets was sufficient to cover 93% of the benefits that had accrued to members, after allowing for expected future increases in earnings. The employer’s contribution rate over the average remaining service lives of employees in the scheme takes account of the surplus or deficiency disclosed by the valuation.