TDC Group Annual Report 2011(6,4MB) - TDC Annual Report 2011

TDC Group Annual Report 2011
Sensitivity analysis
The table below shows the estimated impact of some of the risks that TDC is exposed to due to the defined benefit obligation.
TDC is also exposed to fluctuations in the market value of assets. For some of these risks, if the defined benefit obligation
rises or falls, the market value of assets may move in the opposite direction, thereby eliminating part of the risk.
Projected defined benefit obligation at 31 December 2011 DKKm
Reported defined benefit obligation 20,340
Discount rate sensitivity
3.75% (assumption -0.5%) 21,707
4.75% (assumption +0.5%) 19,110
General price inflation sensitivity
2.50% (assumption +0.25%) 21,031
2.00% (assumption –0.25%) 19,651
Mortality sensitivity
Assumption +1 year longevity 21,143
Assumption -1 year longevity 19,636
Experience gains and losses DKKm
2011 2010 2009 2008 2007
Gain/(loss) on plan assets
Gain/(loss) on plan assets, DKKm 2,988 65 1,246 (62) (892)
% of fair value of plan assets at 31 December 10.5% 0.26% 5.09% (0.27%) (4.02%)
Demographic experience gain/(loss) on projected benefit
Obligations
Gain/(loss) on projected benefit obligations, DKKm 230 570) 337 321 499
% of projected benefit obligations at 31 December 1.13% (3.26%) 2.00% 2.03% 2.95%
Pension assets recognised in the Balance Sheets, DKKm
Fair value of plan assets at 31 December 28,400 24,976 24,471 22,876 22,178
Projected benefit obligations at 31 December
Pension assets recognised in the Balance Sheets
(20,340) (17,489) (16,865) (15,846) (16,908)
at 31 December 8,060 7,487 7,606 7,030 5,270
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