ANNUAL REPORT 2008/09 - Sonova
ANNUAL REPORT 2008/09 - Sonova
ANNUAL REPORT 2008/09 - Sonova
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29. Employee benefi ts<br />
<strong>Sonova</strong> Group’s retirement plans include defi ned benefi t pension plans in Switzerland, Austria, Canada,<br />
Germany and Norway. These plans are both funded and unfunded and are accounted for as defi ned benefi t<br />
plans according to IAS 19, based on recent actuarial valuations.<br />
The results of the plans are summarized below:<br />
Amounts recognized in the balance sheet CHF 1,000 31.3.20<strong>09</strong> 31.3.<strong>2008</strong>1) Present value of funded obligations (143,890) (132,323)<br />
Fair value of plan assets 122,205 132,815<br />
Net present value of funded plans (21,685) 492<br />
Present value of unfunded obligations (1,066) (993)<br />
Total liabilities, net (22,751) (501)<br />
Amounts in the balance sheet:<br />
Liabilities (22,751) (1,420)<br />
Assets 919<br />
Liabilities in the balance sheet, net<br />
1) Restated as a result of initial application of IFRIC 14, for details refer to Note 2.<br />
(22,751) (501)<br />
Statement of recognized income and expense (SORIE) CHF 1,000 <strong>2008</strong>/<strong>09</strong> 2007/081) Actuarial gain on obligations (7,526) (3,620)<br />
Actuarial loss on plan assets 30,334 7,286<br />
Net eff ect in statement of recognized income and expense<br />
1) Restated as a result of initial application of IFRIC 14, for details refer to Note 2.<br />
22,808 3,666<br />
Cumulative actuarial loss recognized in SORIE CHF 1,000 <strong>2008</strong>/<strong>09</strong> 2007/08<br />
Recognized actuarial loss at beginning of period 6,686 3,020<br />
Actuarial loss charged for the year 22,808 3,666<br />
Cumulative actuarial loss recognized in SORIE 29,494 6,686<br />
100 CONSOLIDATED FINANCIAL STATEMENTS
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