Service-oriented - Die Schweizerische Post

114 Annual Report | Financial Report | Financial statements of Swiss Post Group
Change in employee benefit obligations
CHF m
2006 2005
As at 1.1 15 462 14 444
Accrued benefit claims 426 393
Benefits paid from plan assets – 719 – 718
Benefits paid directly by the employer – 1 – 1
Interest on employee benefit obligations 454 492
Company acquisitions 18 –
Actuarial losses 31 852
Currency translation differences 0 –
As at 31.12 15 671 15 462
Employee benefit obligations including assets set aside 15 648 15 456
Employee benefit obligations excluding assets set aside 23 6
Total employee benefit obligations 15 671 15 462
Change in plan assets (at fair value)
CHF m
2006 2005
As at 1.1 12 580 11 284
Employee contributions 167 156
Employer contributions 315 276
Benefits paid – 719 – 718
Return on plan assets 933 1 232
Company acquisitions 1 –
Appropriation of profits 1 350 350
Currency translation differences 0 –
As at 31.12 13 627 12 580
1 In accordance with the Board of Directors’ resolution concerning appropriation of available earnings in 2005, a further 350 million francs was deposited in the employer’s reserve of the Swiss Post pension fund.
As a result of available earnings being thus appropriated, capital reserves increased by the same amount.