Values

124
Group Financial Statements
Notes
Expenses for defi ned benefi t plans in the amount of €116 million
were recognized in the year under review (previous year:
€100 million). Personnel costs of €36 million (previous year:
Expenses for Defi ned Benefi t Plans
in € millions 2009 2008
Current service cost 37 50
Interest expenses 131 140
Expected return on plan assets (51) (80)
Amortization of past service cost – 2
Effect of curtailments or settlements (1) (12)
Net periodic pension expenses 116 100
Th e actual return on plan assets in the year under review was
€109 million (previous year: €-147 million).
Th e portfolio structure of plan assets is composed as follows:
in € millions 12/31/2009 12/31/2008
Equity instruments 312 262
Debt instruments 612 542
Property 3 3
Cash and cash equivalents 54 65
Other 39 58
Fair value of any plan assets 1,020 930
Employer contributions to plan assets are expected to amount
to €19 million in the next fi scal year.
€40 million) were recorded, along with other fi nancial expenses
of €80 million (previous year: 60 million). Th ese expenses break
down as follows:
Change in Net Pension Liability
in € millions 2009 2008
Net liability at the beginning of the year 1,276 1,416
Pension expense 116 100
New actuarial (gains) and losses recognized directly in equity (40) 11
Effects of asset ceiling (IAS 19.58) recognized directly in equity – (1)
Pension payments (92) (95)
Contributions to plan assets 10 (42)
Changes of consolidation scope – (102)
Disposal due to IFRS 5 – (5)
Currency translation differences 2 (11)
Other effects 6 5
Net liability at the end of the year 1,278 1,276
Bertelsmann Annual Report 2009