ONE ROOF

Notes to the Consolidated Financial Statements
168 Annual Report 2009
As of December 31, 2009, anticipated pension payments for
future years are as follows:
(EUR thousand)
Due in 2010 50,647
Due in 2011 50,665
Due in 2012 51,044
Due in 2013 51,518
Due in 2014 53,149
Due in 2015 to 2019 278,241
Experience adjustments—the effects of differences between
the previous actuarial assumptions and what has actually
occurred— are as follows:
Differences between actuarial assumptions and actual developments
(EUR thousand) 2009 2008 2007 2006 2005
Defined benefit obligation at end of year 832,714 784,381 779,927 867,997 954,954
Effects of differences in fiscal year 1,641 1,030 (3,904) (23,799) 11,992
Effects as percent age of defined benefit obligations 0.20 0.13 – 0.50 – 2.74 1.26
Plan assets at end of year 855,994 753,818 868,827 875,422 790,095
Effects of differences in fiscal year 102,355 (137,670) (6,855) 1,216 (18,212)
Effects as percent age of plan assets 11.96 –18.26 – 0.79 0.14 – 2.31
Funding status at end of year (23,280) 30,563 (88,900) (7,425) 164,859
Pension expense under defined benefit plans is made up as follows:
(EUR thousand) 2009 2008
D o m e s t i c
EUR 166,079,000 was paid into defined contribution plans in
2009 (2008: EUR 170,761,000), mostly in the Leighton Group
(EUR 136,699,000; 2008: EUR 142,385,000) and the Turner
Group (EUR 25,867,000; 2008: EUR 23,767,000). An additional
EUR 87,209,000 was paid into state pension schemes in 2009
(2008: EUR 83,655,000). Costs of defined contribution plans
are reported as part of personnel expenses.
International
Total D o m e s t i c
International
Total
Current service cost 7,497 1,206 8,703 8,281 1,039 9,320
Past service cost – – – – – –
Total personnel expense 7,497 1,206 8,703 8,281 1,039 9,320
Interest expense for accrued benefit obligations 33,562 13,399 46,961 29,629 13,127 42,756
Anticipated return on plan assets (28,060) (11,352) (39,412) (29,910) (16,816) (46,726)
Total interest expense (net investment and
interest income) 5,502 2,047 7,549 (281) (3,689) (3,970)
Total pension expense 12,999 3,253 16,252 8,000 (2,650) 5,350
The Turner Group’s obligations to meet healthcare costs for retired
staff are included in pension provisions due to their pension-like
nature. The defined benefit obligation as of December
31, 2009 came to EUR 28,221,000 (2008: EUR 28,536,000).
Healthcare costs accounted for EUR 1,157,000 (2008: EUR
972,000) of the current service cost and EUR 1,804,000 (2008:
EUR 1,714,000) of the interest expense.