Edisun Power Europe Ltd. Corporate Governance Report 2010 ...
Edisun Power Europe Ltd. Corporate Governance Report 2010 ...
Edisun Power Europe Ltd. Corporate Governance Report 2010 ...
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All amounts are in 000 CHF if not otherwise noted<br />
Actuarial assumptions (in %) <strong>2010</strong> 2009<br />
Discount Rate 3.00 3.25<br />
Expected return on plan assets 3.00 3.00<br />
Future salary increase 2.00 2.00<br />
The actual return on plan assets amounted to TCHF 21<br />
(2009: TCHF 19). The assets of the retirement benefit<br />
scheme have been invested under a collective insurance<br />
contract in accordance with an affiliation contract concluded<br />
with ASGA Pensionskasse. In 2011 <strong>Edisun</strong> <strong>Power</strong><br />
<strong>Europe</strong> <strong>Ltd</strong>. expects to pay ordinary employer contributions<br />
of TCHF 46 (2009: TCHF 45) into the pension plan.<br />
Consolidated Financial Statements<br />
At December 31 <strong>2010</strong> 2009 2008 2007<br />
Present value of defined benefit obligation 708 858 591 787<br />
Fair value of plan assets 620 767 460 713<br />
Deficit / (surplus) in the plan 88 91 131 74<br />
Experience adjustments on plan liabilities -51 -22 -30 12<br />
Experience adjustments on plan assets -30 1 -3 -2<br />
The table above shows the experience adjustments for<br />
the last four years.<br />
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