No power train without Miba technology
No power train without Miba technology
No power train without Miba technology
You also want an ePaper? Increase the reach of your titles
YUMPU automatically turns print PDFs into web optimized ePapers that Google loves.
104<br />
(19) Capital reserves<br />
The capital reserves consist solely of appropriated reserves (premium reserves) and, as in<br />
the previous business year, total TEUR 18,089.<br />
(20) Retained earnings<br />
The 2005-2006 business year was the first year in which the IAS 19.93A rules were<br />
applied. In 2009-2010, the recognition of actuarial gains and losses, including deferred<br />
taxes on those amounts, resulted in a cumulative decrease in capital reserves of<br />
TEUR 2,553 (previous year: decrease of TEUR 765) and did not affect net income.<br />
(21) Provisions for severance payments and pensions<br />
Re provisions for severance payments:<br />
TEUR<br />
Present value of severance obligations (defined<br />
01/31/10 01/31/09<br />
benefit obligations or DBO) = Opening balance 17,812 17,692<br />
Current service cost 971 999<br />
Interest expenses 936 924<br />
Severance payments –1,968 –1,183<br />
Actuarial losses/gains<br />
Present value of severance obligations (DBO)<br />
–3,623 –620<br />
= Closing balance 14,128 17,812<br />
Re provisions for pensions:<br />
TEUR<br />
Present value of pension obligations (DBO)<br />
01/31/10 01/31/09<br />
= pending balance 7,133 7,744<br />
Current service cost 0 2<br />
Interest cost 342 383<br />
Pension benefits paid out –497 –493<br />
Actuarial losses/gains<br />
Present value of pension obligations (DBO)<br />
27 –502<br />
= Closing balance<br />
Value of fund assets<br />
7,006 7,133<br />
(reinsurance) –6,128 –6,213<br />
Provisions for pensions 878 920
Change language