Annual Report 2010 - Frauenthal Holding AG

Consolidated Financial Statements Frauenthal Holding Group 2010
DBO 31 Dec. 2009 6,378,589 8.500,306
Reclassifications 0 758,887
Service cost 73,809 521,627
Interest cost 273,986 466,995
Payments -491,461 -244,596
Actuarial gains (-) / losses (+) 695,504 322,523
dBo 31 dec. 2010 6,930,427 10,325,742
Due to a change in the treatment of the employee benefit provisions at the French subsidiary, this company’s provisions are
included in the DBO for the first time. The position as at 1 January 2010 is shown by the “Reclassifications” item. Income
and expenses arising from adjustments to provisions are recognised in the income statement, under the “Staff costs” item.
Projected movements in the provisions for termination benefits and pensions in 2011 are as follows:
Movements in DBO were as follows:
The table below shows the evolution of “Other long-term provisions”.
The “Other long-term employee benefit provisions” are provisions for jubilee benefits, final termination gratuities and parttime
retirement benefits. The jubilee benefits accounted for EUR 2,646,000 (2009: EUR 3,030,000) of this amount as at the
end of the reporting period. The allocation to the provision for jubilee benefits amounted to EUR 303,000 (2009: EUR 57,000).
The provision for termination gratuities amounted to EUR 34,000 (2009: EUR 731,000) as at the end of the reporting period.
No provision was made for demolition and disposal costs in 2010.
EUR Pension Termination
EUR Pension Termination
DBO 31 Dec. 2010 6,930,427 10,325,742
Service cost 87,876 551,782
Interest cost 301,975 458,000
Payments -439,745 -297,475
Projected dBo at 31 dec. 2011 6,880,533 11,038,049
DBO in
EUR ’000
31 Dec. 2006 31 Dec. 2007 31 Dec. 2008 31 Dec. 2009 31 dec. 2010
Provisions for pensions 11,022 10,524 9,746 6,379 6,930
Provisions for termination benefits 9,130 9,627 9,685 8,500 10,326
EUR‘000
1 Jan. 2010 Change
Allocations Utilisation
Reversals
Other employee
benefit provisions
Demolition and
3,987 0 396 -154 -788 146 0 -597 2,990
disposal costs
Other
0 0 0 0 0 0 0 0 0
provisions
other long-term
996 0 459 -174 -193 0 0 0 1,088
provisions 4,983 0 855 -328 -981 146 0 -597 4,078
Interest
effects
Exchange
diff.
Reclassifications
31 dec. 2010
119