01 Gothaer Konzern_E_09_Umschl - Gothaer Allgemeine ...

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01 Gothaer Konzern_E_09_Umschl - Gothaer Allgemeine ...

Actuarial

gains/losses

Provisions

for pension benefits

Expected defined

benefit obligations

(DBO)

Consolidated Financial Statements

Developments in the financial year €million

2009 2008

Unrecognized gains/losses as of 1 Jan. –33.9 –7.4

Actuarial gains/losses on liabilities as of 31 Dec. 19.8 –20.3

Actuarial gains/losses on plan assets as of 31 Dec. 1.1 –6.2

Amortization of actuarial gains/losses –0.2 0.0

Unrecognized gains/losses as of 31 Dec. –13.3 –33.9

Developments in the financial year €million

2009 2008

Present value of defined benefit obligations as of 31 Dec. 643.9 610.4

Plan assets as of 31 Dec. –350.9 –344.9

Net obligations as of 31 Dec. 292.9 265.5

Unrecognized actuarial gains/losses as of 31 Dec. 13.3 33.9

Unrecognized past service costs as of 31 Dec. 0.0 0.0

Provisions for pension benefits as of 31 Dec. 306.3 299.4

Developments in the financial year €million

2009 2008

Present value of defined benefit obligations as of 1 Jan. 610.4 618.4

Current service cost including interest 9.7 10.5

Interest cost 33.9 32.0

Transfers in 0.0 0.0

Transfers out 0.0 –1.4

Pension benefits paid –31.1 –30.0

Expected defined benefit obligations as of 31 Dec. 622.9 629.5

Experience-based adjustments came to €–21.1 million in the financial year (PY: €19.1

million). Of this amount, €1.1 million (PY: €–12.1 million) is accounted for by changes in

the portfolio and €–22.2 million (PY: €31.2 million) by changes in parameters. Experiencebased

adjustments in plan assets came to €0.5 million in the financial year (PY: €8.0

million).

Gothaer Group Annual Report 2009 161

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