ANNUAL REPORT 2011 - Kuehne + Nagel

92
Consolidated Financial Statements 2011 _ _ _ _ _ _ Other Notes
2011 2010
CHF million Funded Unfunded Total Funded Unfunded Total
plans plans plans plans
Movements of fair value
of plan assets
Opening fair value of plan assets 98 – 98 89 – 89
Contributions paid into the plan – Employer 7 – 7 8 – 8
Contributions paid into the plan – Employee
Actuarial gains/(losses) recognised
4 – 4 3 – 3
in other comprehensive income –6 – –6 2 – 2
Benefits paid by the plan –4 – –4 – – –
Expected return on plan assets
Assets assumed through business
5 – 5 4 – 4
combination 15 – 15 – – –
Amendments/settlements – – – –4 – –4
Exchange differences
Closing fair value
–1 – –1 –4 – –4
of plan assets 118 – 118 98 – 98
Expected payments to defined
benefit plan in next year 7 – 7 11 – 11
Return on plan assets –1 – –1 6 – 6
The expected long-term rate of return on assets is based on the
portfolio of assets as a whole, rather than on individual asset
categories.