Annual report 20108.31 MB - Boskalis

Financial statements 201023.1 Defined benefit pension schemesDefinedbenefitobligationFair valueplan assetsSurplus/deficit (-)UnfundedpensionliabilitiesTotalCharged toconsolidatedincomestatementRecognizeddirectlyin equityBalance as at January 1, 2010 327,872 327,935 63 - 8,288 - 8,225Current service cost 10,318 — - 10,318 - 790 - 11,108 11,108 —Interest cost on obligation 24,289 — - 24,289 - 431 - 24,720 24,720 —Contributions received — 22,576 22,576 — 22,576 — —Expected return on plan assets — 24,372 24,372 — 24,372 - 24,372 —Net actuarial gains / losses 35,936 18,770 - 17,166 - 289 - 17,455 — 17,455Benefits paid - 25,170 - 25,170 — 969 969 — —Other movements 1,084 — - 1,084 — - 1,084 — —New in consolidation 209,740 209,155 - 585 - 44 - 629 — —Foreign currency exchange rate changes 2,501 2,519 18 - 284 - 266 — —Total movement 258,698 252,222 - 6,476 - 869 - 7,345 11,456 17,455Balance as at December 31, 2010 586,570 580,157 - 6,413 - 9,157 - 15,570 11,456 17,455Limitation on net plan assets as at January 1 - 153Movement in limit on net plan assets - 11,138 — 11,138Limitation on net plan assets as at December 31 - 11,291Balance as at December 31, 2010 after limitation on net plan assets - 26,861Total result defined benefit pension schemes 40,049 11,456 28,593DefinedbenefitobligationFair valueplan assetsSurplus/deficit (-)UnfundedpensionliabilitiesTotalCharged toconsolidatedincomestatementRecognizeddirectlyin equityBalance as at January 1, 2009 301,853 287,007 - 14,846 - 7,598 - 22,444Current service cost 8,296 — - 8,296 - 853 - 9,149 9,149 —Interest cost on obligation 15,839 — - 15,839 - 413 - 16,252 16,252 —Contributions received — 10,486 10,486 — 10,486 — —Expected return on plan assets — 14,406 14,406 — 14,406 - 14,406 —Net actuarial gains / losses 13,592 27,081 13,489 - 290 13,199 — - 13,199Benefits paid - 14,539 - 14,539 — 792 792 — —Foreign currency exchange rate changes 2,831 3,494 663 74 737 — —Total movement 26,019 40,928 14,909 - 690 14,219 10,995 - 13,199Balance as at December 31, 2009 327,872 327,935 63 - 8,288 - 8,225 10,995 - 13,199Limitation on net plan assets as at January 1 - 8,780Movement in limit on net plan assets 8,627 — - 8,627Limitation on net plan assets as at December 31 - 153Balance as at December 31, 2009 after limitation on net plan assets - 8,378Total result defined benefit pension schemes - 10,831 10,995 - 21,826102 Annual Report 2010