annual report - Hypo Real Estate Holding AG
annual report - Hypo Real Estate Holding AG
annual report - Hypo Real Estate Holding AG
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Group Accounts<br />
The amounts recognised in the income statement are as follows:<br />
Group<br />
2007 2006<br />
€ m € m<br />
Current service cost 1 1<br />
Interest cost 3 2<br />
Net actuarial (gains)/ losses recognised in year -2 3<br />
Total included in staff costs 2 6<br />
Movement in the liability recognised in the balance sheet:<br />
The principal actuarial assumptions used were as follows:<br />
An actuarial valuation of the scheme is undertaken <strong>annual</strong>ly. Mortality rates are calculated based on the Heubeck<br />
tables of 2005.<br />
34. Contingent liabilities and commitments<br />
(a) Contingent liabilities<br />
172<br />
Group Company<br />
2007 2006 2007 2006<br />
€ m € m € m € m<br />
At 1 January 64 63 3 5<br />
Total expense 2 6 3 1<br />
Transfer from group company - - - -3<br />
Transfer to group company -59 - -5 -<br />
Contributions paid -6 -5 - -<br />
At 31 December 1 64 1 3<br />
Group Company<br />
2007 2006 2007 2006<br />
Discount rate 5.30% 4.25% 5.30% 4.50%<br />
Future salary increases 2.50% 2.00% 2.50% 2.00%<br />
Inflation rate 2.00% 1.75% 2.00% 1.75%<br />
Group Company<br />
2007 2006 2007 2006<br />
€ m € m € m € m<br />
Contingent liabilities & indemnity agreements 60 23 - -
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