Annual Report 2009 - Von Roll

Financial Reporting 2009 – Consolidated Financial Statements 8337.| Pledged assetsin CHF 1,000 2009 2008Accounts receivables 238 7,329Inventory 3,211 5,973Property, plant and equipment – 3,142Other pledged assets – 763Total 3,449 17,20738.| Employee benefitsThe Group operates a number of pension schemes for employees, who fulfil the relevant criteria for acceptance, inSwitzerland and abroad. They include both defined benefit and defined contribution plans, which mostly insure theGroup’s employees against death, invalidity and retirement. The Group also has plans covering anniversary paymentsor other benefits linked to time served, which qualify as plans for other employee benefits due in the futureor as post-employment plans.The pension schemes are based on pensionable years’ service, age, the insured wage and, in some cases, the capitalsaved. The assets of pension schemes with segregated assets are to be held in separate foundations or placedwith insurance companies and may not be returned to the employer.a) Pension schemesin CHF 1,000 20092008(restated)Balance sheet assets/obligations for:Post-employment benefit obligations 23,347 22,965Pension plan assets – 17,875 – 11,080Net obligation recognized in the balance sheet 5,472 11,885Income statement charge for post-employment benefits:Defined benefit plans – 2,981 – 1,928Defined contribution plans – 2,439 – 2,611Total post-employment benefit costs (Note 7) – 5,420 – 4,539The amounts recognised in the balance sheet are determined as follows:in CHF 1,000 20092008(restated)Present value of funded obligations 204,263 204,608Fair value of plan assets – 225,704 – 215,043Overfunding – 21,441 – 10,435Present value of unfunded obligations 16,213 16,740Assets not available to company 10,700 5,580Net liability in the balance sheet 5,472 11,885