01 Gothaer Konzern_E_09_Umschl - Gothaer Allgemeine ...

Pension costs
Provisions for
pension benefits
Amortization amount
Breakdown by type of expense
Consolidated Financial Statements
€million
2009 2008
Current service cost including interest 9.7 10.5
Interest cost 33.9 32.0
Expected return on plan assets –15.3 –14.7
Amortization of actuarial gains/losses 0.2 0.0
Amortization of past service cost of plan amendments
For vested benefits 0.0 0.0
For non-vested benefits 0.0 0.0
Pension costs 28.5 27.8
Developments in the financial year €million
2009 2008
Provisions for pension benefits as of 1 Jan. 299.4 293.6
Pension cost for financial year 28.5 27.8
Transfers in 0.0 0.0
Transfers out 0.0 –1.4
Actual pension benefits paid by employer –15.1 –14.5
Actual employer contributions to plan assets –6.7 –6.1
Provisions for pension benefits as of 31 Dec. 306.3 299.4
Expected income from plan assets came to €15.3 million (PY: €14.7 million) and actual
income from plan assets to €14.5 million (PY: €21.0 million). Plan assets are invested
exclusively in fixed-income securities.
€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
Unrecognized cost of plan amendments for financial year 0.0 0.0
Provisions for pension benefits as of 31 Dec. 306.3 299.4
Unrecognized gains/losses as of 31 Dec. –13.3 –33.9
Corridor pursuant to IAS 19.92 64.6 62.2
Gains/losses outside of corridor 0.8 0.1
Amortization for subsequent years 0.2 0.1
Amortization period in years 0–16 0–18
Gothaer Group Annual Report 2009 163