ANNUAL REPORT 2011 A.S. CRÉATION TAPETEN AG

(13) Other liabilities
The breakdown and remaining terms of the other liabilities are shown below:
Total Remaining term Remaining term
of up to 1 year of over 1 year
31.12.11 31.12.10 31.12.11 31.12.10 31.12.11 31.12.10
€ ’000 € ’000 € ’000 € ’000 € ’000 € ’000
Liabilities to
employees
Liabilities due to
5,774 6,210 5,257 5,613 517 597
social security charges
Liabilities due to
820 716 820 716 0 0
other taxes
Liabilities due to
487 741 487 741 0 0
bonuses/discounts
Miscellaneous other
1,633 1,894 1,633 1,894 0 0
liabilities 3,094 10,008 2,285 9,247 809 761
11,808 19,569 10,482 18,211 1,326 1,358
(14) Provisions for pensions
Pension provisions are recognised for current pension obligations as well as future old age, disability
and survivors’ pension commitments. Commitments vary from Group company to Group company
depending on the legal and economic situation. The majority of Group employees are granted a
service-life-linked defi ned benefi t pension plan related to a fi xed monetary amount.
The amount of the defined benefit obligations is determined using actuarial methods in
accordance with IAS 19 and equals the present value of future pension payments. For the
majority of the Group companies it is determined based on the following parameters:
2011 2010
% %
Projected interest rate (discount rate) 4.60 4.90
Projected pension trend 2.00 2.00
Projected rate of fluctuation 5.00 5.00
For employees of German Group companies the assumptions for mortality and disability are based on
the RICHTTAFELN 2005 G from Prof. Dr. Klaus Heubeck.
CONSOLIDATED FINANCIAL STATEMENTS ACCORDING TO IFRS
97