| (XLS:) Download |
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03/31/2011 |
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03/31/2012 |
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Provisions for severance payments |
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436.1 |
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441.8 |
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Provisions for pensions |
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289.8 |
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307.8 |
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Provisions for long-service bonuses |
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107.3 |
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103.3 |
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833.2 |
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852.9 |
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In millions of euros | ||
| (XLS:) Download |
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Provisions for severance payments |
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2010/11 |
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2011/12 |
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Present value of defined benefit obligation (DBO) as of April 1 |
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424.6 |
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436.1 |
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Service costs for the period |
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11.6 |
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9.8 |
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Interest costs for the period |
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21.6 |
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20.1 |
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Changes in the scope of consolidated financial statements |
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0.0 |
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0.0 |
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Severance payments |
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–32.8 |
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–32.0 |
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Actuarial gains (–)/losses (+) |
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11.1 |
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7.8 |
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Present value of defined benefit obligation (DBO) as of March 31 |
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436.1 |
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441.8 |
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In millions of euros | ||
| (XLS:) Download |
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03/31/2008 |
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03/31/2009 |
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03/31/2010 |
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03/31/2011 |
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03/31/2012 |
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Present value of defined benefit obligation (DBO) |
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447.8 |
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444.3 |
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424.6 |
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436.1 |
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441.8 |
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Actuarial gains (+)/losses (–) due to parameter changes in % |
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2.7% |
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3.5% |
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–2.4% |
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–2.7% |
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0.0% |
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In millions of euros | ||
| (XLS:) Download |
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Provisions for pensions |
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2010/11 |
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2011/12 |
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Present value of defined benefit obligation (DBO) as of April 1 |
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671.2 |
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713.4 |
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Service costs for the period |
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8.4 |
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9.6 |
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Interest costs for the period |
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34.2 |
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33.7 |
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Changes in the scope of consolidated financial statements |
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0.0 |
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0.0 |
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Pension payments |
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–27.0 |
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–30.0 |
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Net exchange differences |
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3.7 |
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4.8 |
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Actuarial gains (–)/losses (+) |
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22.9 |
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31.4 |
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Present value of defined benefit obligation (DBO) as of March 31 |
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713.4 |
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762.9 |
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Plan assets as of March 31 |
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–423.6 |
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–455.1 |
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Provisions for pensions as of March 31 |
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289.8 |
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307.8 |
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In millions of euros | ||
As of March 31, 2012, the present value of the defined benefit obligations amounts to EUR 762.9 million (March 31, 2011: EUR 713.4 million), with EUR 529.5 million (March 31, 2011: EUR 480.3 million) thereof wholly or partly funded; EUR 233.4 million (March 31, 2011: EUR 233.1 million) are unfunded.
| (XLS:) Download |
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2010/11 |
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2011/12 |
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Plan assets as of April 1 |
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348.2 |
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423.6 |
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Expected return for the period |
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20.3 |
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23.9 |
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Actuarial gains (+)/losses (–) |
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11.2 |
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8.7 |
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Net exchange differences |
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1.2 |
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3.7 |
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Changes in the scope of consolidated financial statements |
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0.0 |
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0.0 |
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Employer contributions |
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59.4 |
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15.2 |
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Pension payments |
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–16.7 |
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–20.0 |
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Plan assets as of March 31 |
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423.6 |
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455.1 |
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In millions of euros | ||
| (XLS:) Download |
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03/31/2008 |
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03/31/2009 |
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03/31/2010 |
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03/31/2011 |
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03/31/2012 |
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Present value of defined benefit obligation (DBO) |
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616.8 |
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595.4 |
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671.2 |
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713.4 |
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762.9 |
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Plan assets |
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–337.9 |
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–297.0 |
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–348.2 |
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–423.6 |
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–455.1 |
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278.9 |
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298.4 |
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323.0 |
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289.8 |
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307.8 |
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Actuarial gains (+)/losses (–) due to parameter changes in % |
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1.3% |
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7.4% |
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–7.3% |
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–4.3% |
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–1.9% |
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In millions of euros | ||
The major categories of plan assets for the periods presented in the consolidated financial statements as of March 31, 2012, are as follows:
| (XLS:) Download |
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2010/11 |
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2011/12 |
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Equity instruments |
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28.1% |
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28.7% |
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Debt instruments |
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49.1% |
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51.2% |
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Property |
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6.2% |
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4.6% |
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Other |
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16.6% |
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15.5% |
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100.0% |
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100.0% |
The plan assets include own shares with a fair value of EUR 1.0 million (March 31, 2011: EUR 2.2 million).
The average expected return is determined by the portfolio structure of the plan assets, empirical data, as well as estimates of future investment returns. The calculation of the provisions for pensions was based on an expected interest rate of 6% on plan assets. The actual interest rate was 7.7%.
The amount recognized as an expense in the income statement for defined contribution plans is EUR 21.1 million (2010/11: EUR 20.5 million).
| (XLS:) Download |
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Provisions for long-service bonuses |
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2010/11 |
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2011/12 |
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Present value of defined benefit obligation (DBO) as of April 1 |
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105.5 |
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107.3 |
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Service costs for the period |
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5.2 |
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5.4 |
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Interest costs for the period |
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5.2 |
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4.8 |
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Changes in the scope of consolidated financial statements |
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0.0 |
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0.0 |
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Long-service bonus payments |
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–9.2 |
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–8.1 |
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Actuarial gains (–)/losses (+) |
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0.6 |
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–6.1 |
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Present value of defined benefit obligation (DBO) as of March 31 |
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107.3 |
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103.3 |
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In millions of euros | ||
| (XLS:) Download |
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03/31/2008 |
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03/31/2009 |
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03/31/2010 |
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03/31/2011 |
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03/31/2012 |
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Present value of defined benefit obligation (DBO) |
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112.6 |
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111.9 |
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105.5 |
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107.3 |
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103.3 |
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In millions of euros | ||
Expenses/revenue relative to provisions for severance payments, pensions, and long-service bonuses recognized in the income statement are as follows:
| (XLS:) Download |
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2010/11 |
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2011/12 |
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Service costs for the period |
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25.2 |
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24.8 |
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Interest costs for the period |
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61.0 |
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58.6 |
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Expected return on plan assets for the period |
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–20.3 |
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–23.9 |
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Expenses/revenue recognized in the income statement |
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65.9 |
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59.5 |
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In millions of euros | ||
Interest costs for the period are recognized in the finance costs. The balance of the other two items is included in the functional areas of cost of sales, distribution costs, and administrative expenses and to a negligible extent in the functional area of other operating expenses.
