2009 - Jaarverslag

Historical information 2009 2008 2007 2006 2005Discounted value of covered liabilities 295.7 275.1 298.6 316.1 326.5Market value of fund investments 298.5 272.4 304.7 302.8 289.1Discounted value of net liabilities – 2.8 2.7 – 6.1 13.3 37.4Experience adjustments arising on liabilitiesof the scheme * 4.4 0.8 2.7 – 1.6 –Experience adjustments arising on fundinvestments 11.8 – 42.3 – 10.3 5.7 15.7*Figure for 2005 is not available.The Group expects to contribute € 6.8 million of employer’s contributions to defined benefit pension schemesin 2010 (2009: € 8.0 million). The pension expense in respect of 2010 is estimated at € 2.0 million (2009:€ 1.8 million).50 PROVISIONSGuarantee/claimsReorganisationprovisionOtherpersonnelliabilities Environment OthersTotal2009Balance as at 1 January 2009 3.7 1.8 5.8 1.8 0.9 14.0Formed as charge against result 1.6 5.9 0.4 0.1 0.4 8.4Released to result – 0.5 – 0.4 – – – 0.3 – 1.2Expenditure in current year – 1.3 – 4.0 – 0.3 – – 0.3 – 5.9Exchange rate differences – – – – – 0.1 – 0.1Balance as at31 December 2009 3.5 3.3 5.9 1.9 0.6 15.2Of which short-termas at 31 December 2008 2.1 1.8 0.1 – 0.4 4.4as at 31 December 2009 1.1 3.3 0.4 – – 4.8Royal Ten Cate Annual Report 2009 125