pdf (2.5 MB) - METRO Group

METRO GROUP : ANNUAL REPORT 2010 : BUSINESS
→ NOTES : NOTES TO ThE BAl ANCE ShEET
Provisions for company pension plans in the amount of €937
million (previous year: €902 million) are netted against
assets for indirect pension plans, particularly in the united
Kingdom and the Netherlands, of €95 million (previous year:
€76 million).
The pension expenses of the direct and indirect company
pension plans can be broken down as follows:
€ million 2010 2009
Interest expense on net present value (dBO) 101 102
Expected return on plan assets –41 –42
Recognised actuarial gains (-)/losses (+) 26 6
Service cost1 28 24
Curtailment –5 0
Asset limitation 0 –3
Past service cost –6 1
103 88
1 Netted against employees’ contributions
→ p. 190
In addition to expenses from defined benefit pension commitments,
expenses for payments to external pension providers
relating to defined benefit commitments of €53 million
(previous year: €48 million) were considered in the
financial year 2010.
The other provisions for commitments similar to pensions
essentially comprise commitments from employment anniversary
allowances, death benefits and pre-retirement parttime
plans. Provisions amounting to €28 million (previous
year: €33 million) were formed for commitments from preretirement
part-time plans. The corresponding expenses
amount to €5 million (previous year: €9 million).
The commitments are valued on the basis of actuarial calculations.
In principle, the parameters used are identical to
those employed in the company pension plan.
33. Other provisions (non-current)/provisions (current)
In the reporting year other provisions (non-current)/provisions
(current) changed as follows:
Real- Obligations
estate-
from
related merchandise
€ million
obligations trading Restructuring Taxes Others Total
At 1/1/2010 234 157 270 189 213 1,063
Currency translation 1 1 0 1 1 4
Addition 132 136 110 92 171 641
disposal –57 –8 –69 –18 –69 –221
utilisation –59 –142 –120 –33 –106 –460
Interest portion in addition/change in interest rate 5 5 2 0 20 32
Transfer –40 –2 –14 –31 32 –55
At 31/12/2010 216 147 179 200 262 1,004
Non-current 161 13 43 162 93 472
Current 55 134 136 38 169 532
At 31/12/2010 216 147 179 200 262 1,004
Provisions for real estate-related obligations essentially
concern uncovered rental commitments in the amount of
€84 million (previous year: €72 million), location risks in the
amount of €72 million (previous year: €92 million), reinstatement
obligations in the amount of €20 million (previous
year: €20 million) as well as rental commitments in the
amount of €20 million (previous year: €16 million).