ANNUAL REPORT 2008/09 - Sonova

The plan assets consist of: 31.3.2009 31.3.2008
Cash 8.1 % 6.5 %
Domestic bonds 31.9 % 22.6 %
Foreign bonds 9.3 % 8.5 %
Domestic equities 18.5 % 16.0 %
Foreign equities 13.7 % 18.8 %
Real estates 6.6 % 11.3 %
Alternative investments 11.9 % 16.3 %
For determining the expected return on plan assets, historical performances per asset category are taken
into consideration.
The actual return on plan assets amounted to CHF –25.0 million (previous year CHF –2.7 million).
The expected employer’s contributions to be paid in the fi nancial year 2009/10 amount to CHF 9.5 million.
Key fi gures for the current and previous four periods are as follows:
CHF 1,000 31.3.2009 31.3.2008 31.3.2007 31.3.2006 31.3.2005
Present value of defi ned benefi t obligation (144,956) (133,316) (112,595) (98,778) (83,823)
Fair value of plan assets 122,205 132,815 115,488 103,366 85,257
(Defi cit)/Surplus (22,751) (501) 2,893 4,588 1,434
Experience adjustments on plan liabilities 7,526 3,620 (424) (2,823) (739)
Experience adjustments on plan assets (30,334) (7,286) (1,523) 4,898 (1,203)
Defi ned contribution plans
Several of the Group’s entities have a defi ned contribution plan. The employer’s contributions amounting
to CHF 4.9 million in the year ended March 31, 2009 (previous year CHF 4.9 million) are recognized
directly in the income statement.
Termination benefi ts
During fi nancial years 2008/09 and 2007/08, no termination benefi ts have been expensed.
102 CONSOLIDATED FINANCIAL STATEMENTS