Annual Report 2011 (5.07 MB, PDF-File) - Oerlikon

Key Figures Group Notes OC Oerlikon Corporation AG, Pfäffikon
Notes to the consolidated financial statements
Post-employment benefit provisions and pension surplus
Defined benefit plans 2011 2010
in CHF million Total Funded Unfunded Total Funded Unfunded
Plan assets at market value 2 673 673 – 682 682 –
Projected benefit obligation (PBO) –1 184 –812 –372 –1 158 –763 –395
Assets below PBO –511 –139 –372 –476 –81 –395
Post-employment benefit provisions 539 167 372 510 120 390
Post-employment benefit assets – – – – – –
Unrecognized surplus 28 28 – 39 39 –
of which:
– past service costs 2 2 – 2 2 –
– unrecognized assets (effect of capitalization limit IAS
19.58(b)) 26 26 – 37 37 –
2 Plan assets include: 2011 2010
Equity instruments 173 26 % 195 29 %
Bonds and other obligations 229 34 % 225 32 %
Real estate 3 101 15 % 94 14 %
Other 170 25 % 168 25 %
Total plan assets 673 100 % 682 100 %
3 Plan assets include real estate in Germany with a fair value of CHF 9 million (previous year: CHF 9 million); the property is rented by a Group
company, with an annual rent of CHF 1 million (previous year: CHF 1 million).
Funded status and experience adjustments 2011 2010 2009 2008 2007
Projected benefit obligation (PBO) –1 184 –1 158 –1 215 –1 335 –1 471
Plan assets at market value 673 682 730 861 1 028
Assets below PBO –511 –476 –485 –474 –443
Experience adjustments
– to obligations 9 12 –3 –7 –43
– to plan assets –28 7 14 –147 –8
Note 13 (cont.)
113