Hornbach-Baumarkt-AG Group

134 NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS Notes on the Consolidated Balance Sheet
contributions paid by the employer and by the Board of Management have been separately compared in each
case with the fund assets.
Provisions for obligations in connection with working time accounts have been offset as of the balance sheet
date against the corresponding cover assets in the form of securities. The cover assets are managed in a
fiduciary capacity by Allianz Treuhand GmbH, Frankfurt am Main.
Pensions and similar obligations are structured as follows:
2012/2013 2011/2012
€ 000s € 000s
Present value of pension obligation 36,476 27,854
less fair value of plan assets (32,592) (27,920)
Pension commitments as reported in balance sheet 3,884 (66)
of which: pension provisions 3,884 0
of which: plan assets 0 66
The plan assets were structured as follows at the balance sheet date:
2.28.2013 2.29.2012
% %
Debt securities 85.4 81.5
Shares 2.3 3.0
Real estate 10.1 10.0
Other 2.2 5.5
100.0 100.0
Change in pension obligation
2012/2013 2011/2012
€ 000s € 000s
Present value of pension obligation at beginning of period 27,854 24,687
Current service cost of employer 2,596 2,788
Interest cost 672 767
Employee contributions 2,132 1,966
Net balance of payments contributed and paid out (162) (2,139)
Insurance premiums (889) (790)
Actuarial gains/losses recognized directly in equity 4,615 (1,041)
Foreign currency translation (342) 1,616
36,476 27,854