Hornbach-Baumarkt-AG Group

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS Notes on the Consolidated Balance Sheet 133
Transition of future leasing payments to the liabilities from financial leasing contracts:
€ 000s Maturities 2.28.2013
Current Non-current Non-current Total
< 1 year 1-5 years > 5 years
Liabilities in connection with finance
leases 223 1,059 0 1,282
Interest component 79 150 0 229
Total lease payments to be made in
future 302 1,209 0 1,511
€ 000s Maturities 2.29.2012
Current Non-current Non-current Total
< 1 year 1-5 years > 5 years
Liabilities in connection with finance
leases 192 989 293 1,474
Interest component 85 219 9 313
Total lease payments to be made in
future 277 1,208 302 1,787
(23) Pensions and similar obligations
As a result of legal requirements in individual countries and individual commitments made to members of its
Board of Management, the HORNBACH-Baumarkt-AG Group has obligations relating to defined benefit and
defined contribution pension plans.
Apart from payment of contributions, the defined contribution plans do not involve any further obligations on
the part of the HORNBACH-Baumarkt-AG Group. The total of all defined contribution pension expenses
amounted to € 41,922k in the 2012/2013 financial year (2011/2012: € 39,126k). Of this total, an amount of
€ 25,663k involved the employer’s share of contributions to the state pension scheme in Germany (2011/2012:
€ 23,878k).
In the case of defined benefit plans, a distinction is made between pension plans financed by provisions and
those financed by funds. The HORNBACH-Baumarkt-AG Group has one fund-financed pension plan which is
financed via an external pension provider. This pension plan is due to legal requirements in Switzerland, and
grants old-age, invalidity and fatality pensions and payments. The employee covers 35% of the premiums to
be paid for the savings balances, as well as further clearly defined costs. The remaining expenses are covered
by the employer. Risk and cost premiums are calculated by the insurance company on an individual
basis and reassessed each year.
Since the 2011/2012 financial year, HORNBACH-Baumarkt-AG has undertaken to provide members of its
Board of Management with a fund-financed pension plan. This model offers the opportunity of increasing
pension claims, while the company simultaneously guarantees a minimum return of 2% p.a. for members of its
Board of Management. The assets contributed by the company or additionally paid in by members of the Board of
Management are held in a fiduciary capacity and invested in funds by Allianz Treuhand GmbH, Frankfurt am
Main. The scope of obligation towards plan beneficiaries has been set in each case at a maximum of the
fund assets and the total amount of contributions paid, including the guaranteed return. To this end, the