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24. Pension benefits<br />
Starrag Group <strong>Annual</strong> <strong>Report</strong> <strong>2011</strong> 83<br />
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CHF 1’000 <strong>2011</strong> 2010<br />
Current service cost 3’553 3’602<br />
Interest cost 1’484 1’741<br />
Anticipated return on plan assets -1’773 -2’117<br />
Employers’ contributions -1’637 -1’650<br />
Plan curtailment – 63<br />
Actuarial profits (-) / losses (+) 10 11<br />
Expenses for defined benefit plans 1’637 1’650<br />
Expenses for defined contribution plans 182 138<br />
Pension benefit expenses 4 1’819 1’788<br />
CHF 1’000 31.12.<strong>2011</strong> 31.12.2010<br />
Plan assets at market value 54’217 54’908<br />
Defined benefit obligation -59’414 -59’382<br />
Underfunding -5’197 -4’474<br />
Actuarial profits (-) / losses (+) 5’358 4’763<br />
Amount booked in the balance sheet 161 289<br />
Thereof:<br />
Deferred expenses 161 289<br />
CHF 1’000 <strong>2011</strong> 2010<br />
Present value of defined benefit obligation, beginning of 59’382 53’609<br />
Current service cost 3’553 3’602<br />
Interest cost 1’484 1’741<br />
Benefits paid -4’610 -4’853<br />
Contributions 678 656<br />
Plan curtailment – 63<br />
Actuarial profits (-) / losses (+) 1’073 4’564<br />
Present value of defined benefit obligation, end of year 59’414 59’382
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