Hornbach-Baumarkt-AG Group

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS Notes on the Consolidated Balance Sheet 135
Change in plan assets
2012/2013 2011/2012
€ 000s € 000s
Plan assets at beginning of period 27,920 24,166
Expected return on plan assets 592 621
Employer contributions 2,993 2,233
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 348 281
Foreign currency translation (342) 1,582
32,592 27,920
The following expenses have been recognized through profit or loss as personnel expenses:
2012/2013 2011/2012
€ 000s € 000s
Current service cost of employer 2,596 2,788
Interest cost 672 767
Expected return on plan assets (592) (621)
2,676 2,934
The amounts recognized through profit or loss are included in the personnel expenses allocated to the following
items in the income statement:
2012/2013 2011/2012
€ 000s € 000s
Selling and store expenses 1,781 2,162
Pre-opening expenses 55 1
General and administration expenses 840 771
2,676 2,934
Payments of contributions amounting to € 2.6 million are expected for the 2013/2014 financial year.
Actuarial gains and losses may arise on account of changes in the parameters underlying the calculation of
the present value of the pension obligation and the fair value of the plan assets. These changes are recognized
directly in equity, together with the share of deferred taxes attributable to such changes.