Daimler Annual Report 2011 - Alle jaarverslagen
Daimler Annual Report 2011 - Alle jaarverslagen
Daimler Annual Report 2011 - Alle jaarverslagen
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7 | Consolidated Financial Statements | Notes to the Consolidated Financial Statements<br />
Present value of defined pension benefit obligations<br />
and fair value of plan asset. The development of these<br />
metrics in the reported periods is shown in table 7.52.<br />
Experience adjustments. The experience related adjustments,<br />
which are the differences between the earlier actuarial<br />
assumptions applied and actual developments, are as shown<br />
in table 7.53 (based on the pension benefit plans and plan<br />
assets at December 31).<br />
7.52<br />
Present value of defined pension benefit obligations and fair value of plan assets<br />
In millions of euros<br />
Total<br />
German<br />
plans<br />
<strong>2011</strong> 2010<br />
Non-German<br />
German Non-German<br />
plans<br />
Total plans plans<br />
Present value of the defined benefit obligation<br />
at January 1 17,684 15,040 2,644 16,529 14,183 2,346<br />
Current service cost 354 282 72 337 264 73<br />
Interest cost 849 730 119 859 734 125<br />
Contributions by plan participants 103 100 3 7 4 3<br />
Actuarial losses 744 564 180 620 518 102<br />
Past service cost/income (-) 3 – 3 -8 -18 10<br />
Curtailments 3 – 3 -24 – -24<br />
Settlements -40 – -40 -93 – -93<br />
Pension benefits paid -761 -666 -95 -744 -647 -97<br />
Currency exchange-rate and other changes 128 3 125 201 2 199<br />
Present value of the defined benefit obligation<br />
at December 31 19,067 16,053 3,014 17,684 15,040 2,644<br />
Thereof pension plans financed with plan assets 17,741 14,851 2,890 16,404 13,873 2,531<br />
Thereof pension plans financed without plan assets 1,326 1,202 124 1,280 1,167 113<br />
Fair value of plan assets at January 1 11,177 9,542 1,635 10,624 9,197 1,427<br />
Expected return on plan assets 653 546 107 609 503 106<br />
Actuarial gains/losses -611 -626 15 226 168 58<br />
Actual return/losses on plan assets 42 -80 122 835 671 164<br />
Contributions by the employer 2,041 1,858 183 345 246 99<br />
Contributions by plan participants 2 – 2 2 – 2<br />
Settlements -40 – -40 -85 – -85<br />
Benefits paid -672 -594 -78 -660 -572 -88<br />
Currency exchange-rate and other changes 47 – 47 116 – 116<br />
Fair value of plan assets at December 31 12,597 10,726 1,871 11,177 9,542 1,635<br />
7.53<br />
Experience adjustments<br />
In millions of euros<br />
At December 31,<br />
<strong>2011</strong> 2010 2009 2008 2007<br />
Present value of defined benefit obligation 140 550 -43 -194 154<br />
Fair value of plan assets -611 226 -32 -3,970 -238<br />
219
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