report

The net assets/liabilities shown in the balance sheet for defined benefit retirement
plans are as follows:
CHF 1000 31.12.2011 31.12.2010 31.12.2009 31.12.2008 31.12.2007
Present value of funded obligations (DBO) (91 412) (90 835) (89 628) (95 774) (87 221)
Fair value of plan assets 80 447 79 895 80 588 82 439 87 231
Over-/(under-)coverage (10 965) (10 940) (9 040) (13 335) 10
Not capitalized portion of the over – coverage – – – – (10)
Not recognized actuarial (gains)/losses
Net asset/(liability) in balance sheet,
10 965 10 940 8 783 13 335 –
at 31 December – – (257) – –
Experience & assumptions adjustments
on plan liabilities
Experience – based – adjustments
2 766 (1 514) – (420) –
on plan assets (3 483) (836) 4 016 (13 739) (3 865)
Total actuarial gains/(losses) (717) (2 350) 4 016 (14 159) (3 865)
Movements in the net assets/liabilities shown in the balance sheet for defined
benefit retirement plans are as follows:
CHF 1000 2011 2010
Net asset/(liability) in balance sheet, at 1 January – (257)
Expense recognized in the profit and loss statement (4 888) (4 493)
Employer’s contributions 4 888 4 750
Net asset/(liability) in balance sheet, at 31 December – –
The asset allocation for pension assets is as follows:
30
2011 2010
Cash 8.1 % 12.0 %
Bonds 44.5 % 41.7 %
Equities 22.1 % 21.9 %
Property 11.1 % 9.4 %
Reinsurer (pensions) 14.2 % 10.4 %
Other 0.0 % 4.6 %
Total 100.0 % 100.0 %
The effective return on assets amounted to CHF– 0.3 million (previous year: return
on assets of CHF 2.3 million). The expected employer payments for the 2012 financial
year are estimated at CHF 4.9 million.