entire - Deutsche Bank Annual Report 2012

Deutsche Bank 02 – Consolidated Financial Statements 302
Financial Report 2010 Additional Notes
33 – Employee Benefits
Experience Impacts on Liabilities and Assets
The following table shows the amounts for the current and the previous four measurement dates of the DBO,
the fair value of plan assets and the funded status as well as the experience adjustments on the obligation and
the plan assets for the annual periods up to the measurement date.
in € m. Dec 31, 2010 Dec 31, 2009 Dec 31, 2008 Dec 31, 2007 Dec 31, 2006
Retirement benefit plans:
Defined benefit obligation 12,071 9,416 8,189 8,518 9,129
thereof: experience adjustments (loss (gain)) (83) (72) 24 (68) 18
Fair Value of plan assets 11,076 9,352 8,755 9,331 9,447
thereof: experience adjustments (gain (loss)) 224 92 (221) (266) (368)
Funded status (995) (64) 566 813 318
Post-employment medical plans:
Defined benefit obligation 154 136 119 116 147
thereof: experience adjustments (loss (gain)) 1 – (5) (17) (27)
Funded status (154) (136) (119) (116) (147)
Impact on Expense
The Group’s compensation and benefits expenses include the following expenses for defined benefit plans and
other selected employee benefits, recognized in the Consolidated Statement of Income for the years ended
December 31, 2010, 2009 and 2008.
in € m. 2010 2009 2008
Expenses for retirement benefit plans:
Current service cost 243 186 264
Interest cost 527 457 453
Expected return on plan assets (490) (403) (446)
Past service cost (credit) recognized immediately (77) 18 14
Settlements/curtailments (14) 1 –
Recognition of actuarial losses (gains) due to settlements/curtailments 1 – – 9
Amortization of actuarial losses (gains) 1 – – 1
Asset ceiling 1 – – (2)
Total retirement benefit plans 189 259 293
Expenses for post-employment medical plans:
Current service cost 3 3 2
Interest cost 9 7 7
Amortization of actuarial losses (gains) 1 – – 2
Total post-employment medical plans 12 10 11
Total expenses defined benefit plans 201 269 304
Total expenses for defined contribution plans 239 203 206
Total expenses for post-employment benefits 440 472 510
Disclosures of other selected employee benefits
Employer contributions to mandatory German social security pension plan 171 162 159
Expenses for cash retention plans 662 688 13
Expenses for severance payments 588 629 555
1 Items accrued under the corridor approach in 2006 and 2007 were reversed in 2008 due to the change in accounting policy.