The good prospects are based on the all-embracing ... - ALNO AG

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ConsoLidatEd FinanCiaL statEmEnts | notEs to thE ConsoLidatEd statEmEnt oF FinanCiaL position
<strong>The</strong> fair value of plan assets has developed as follows:
in '000 EUR 2011 2010
Commitment at the start of each
financial year 1,220 992
Expected return on plan assets 51 43
Employers' contributions 61 70
Actuarial gains (-) or losses (+) – 28 97
Currency differences 2 18
Commitment at the end of each
financial year 1,306 1,220
Due to compliance with the maximum limit pursuant to
IAS 19.58 (b), the actuarial gains and losses include an
actuarial loss in the amount of EUR 48 thousand (previous
year: EUR 51 thousand). <strong>The</strong> change of EUR 3 thousand
(previous year: EUR 28 thousand) has been recognized in
equity outside profit or loss with other actuarial gains and
losses in the amount of EUR -1,302 thousand (previous
year: EUR -822 thousand) As at the balance sheet date,
actuarial losses totalled EUR 2,025 thousand (previous
year: EUR 726 thousand).
12. o<strong>The</strong>r ProvIsIoNs
in '000 EUR 1.1.2011 Utilization Reversal Transfer Allocation Accr. int. Exchange differ. 31.12.2011
Non-current provisions
Personnel costs 3,454 – 75 – 43 – 612 18 131 0 2,873
Storage 319 0 0 0 0 0 0 319
Current provisions
<strong>The</strong> provisions for personnel costs essentially comprise
provisions for the pre-retirement part-time working
arrangements customary in Germany. <strong>The</strong> provision for
pre-retirement part-time working encompasses expenses
for wage and salary payments to employees in the off-work
phase (settlement backlog) and the additional increases
required for the entire remaining duration of pre-retirement
part-time working. It also includes employee termination
payments in the amount of EUR 209 thousand (previous
year: EUR 194 thousand) in conjunction with pre-retirement
part-time working. A discount rate of 2.5% (previous
year: 3.5%) is taken into account when calculating the
provision. EUR 284 thousand (previous year: EUR 268
thousand) <strong>are</strong> posted under other non-current assets for
the refunds to be expected from the Federal Employment
Agency in conjunction with rights under the German Act
on Pre-retirement Part-time Working (AltTZG).
<strong>The</strong> provision for warranties, damages and contingent
losses encompasses free deliveries on account of faulty
<strong>good</strong>s, missing parts and other defects which <strong>are</strong> measured
at production cost. At the same time, the provision
also covers risks in conjunction with claims for damages
by customers and suppliers; these <strong>are</strong> recognized at their
expected value. Provisions <strong>are</strong> also formed for contingent
losses from delivery obligations, for which the unavoidable
costs for discharging the obligation will exceed the
expected economic benefit.
3,773 – 75 – 43 – 612 18 131 0 3,192
Warranties, damages and
contingent losses 1,523 – 1,043 – 177 0 1,749 0 1 2,053
Reorganization 3,697 – 1,610 – 2,077 0 0 0 0 10
Cost of financial statements
and tax consulting 362 – 362 0 0 0 0 0 0
Personnel costs 1,974 – 948 0 612 1,865 0 0 3,503
Taxes 156 – 70 – 25 0 0 0 0 61
Total 7,712 – 4,033 – 2,279 612 3,614 0 1 5,627