Annual Report 2008 Sustainable design & engineering - Grontmij
Annual Report 2008 Sustainable design & engineering - Grontmij
Annual Report 2008 Sustainable design & engineering - Grontmij
Create successful ePaper yourself
Turn your PDF publications into a flip-book with our unique Google optimized e-Paper software.
Notes to the consolidated financial statements<br />
Break down of the accumulated total of employee benefits<br />
In thousands of euros<br />
31 December <strong>2008</strong> 31 December 2007<br />
Present value of funded obligations 513,474 507,481<br />
Present value of unfunded obligations 2,540 2,597<br />
516,014 510,078<br />
Fair value of plan assets -517,842 -545,600<br />
Present value of net obligations - 1,828 -35,522<br />
Unrecognised actuarial gains and losses 20,049 61,241<br />
Recognised liability for defined benefit obligations 18,221 25,719<br />
Liability for jubilee benefits and supplementary payments for early retirement 4,192 4,050<br />
Total employee benefits 22,413 29,769<br />
Changes in the present value of funded and unfunded obligations<br />
In thousands of euros<br />
<strong>2008</strong> 2007<br />
Balance as at 1 January 510,078 547,593<br />
Acquired through business combinations 1,937 -<br />
Reclassification from provision for early retirement and current liabilities - 2,663<br />
Benefits paid -16,284 -14,800<br />
Current service cost 11,098 16,454<br />
Employee contributions 4,020 3,800<br />
Interest cost 26,831 23,991<br />
Actuarial gains -20,938 -69,623<br />
Currency differences 36 -<br />
5,936 -37,515<br />
Balance as at 31 December 516,014 510,078<br />
100<br />
GRONTMIJ | ANNUAL REPORT <strong>2008</strong>
Change language