Page 77 - KELAG Annual Report 2017
P. 77

RECONCILIATION OF THE PROVISION REPORTED IN THE
                                       STATEMENT OF FINANCIAL POSITION
                                       Present value (DBO) of the obligations covered by the plan assets   172.0   171.8
                                       Plan assets at fair value                             -44.9      -47.0
                                       PROVISION RECOGNISED AS OF 31/12                     127.1       124.8

                                       THE EXPENSE FOR PENSION PROVISIONS BREAKS DOWN AS
                                       FOLLOWS
                                       Service cost                                           1.9         1.9
                                       Interest expenses                                      2.7         3.4
                                       Return on plan assets                                  -0.8       -1.1
                                       PENSION COST RECOGNISED IN THE INCOME STATEMENT        3.8        4.2

                                       DEVELOPMENT OF THE PENSION PROVISION
                                       Provision recognised as of 1/1                        124.8      124.3
                                       Net expense recognised through profit or loss          3.8         4.2
                                       Change in the fully recognised remeasurement of net liability from
                                       defined benefit plans (remeasurements)
                                         thereof experience adjustments                       3.9         2.1
                                         thereof demographic adjustments                      0.0         0.0
                                         thereof actuarial adjustments                        1.9         0.1
                                         thereof from gains/losses on plan assets             -0.9        0.7
                                       Pension/bonus payments                                -10.2      -10.2
                                       Plan payments                                          3.8         3.7
                                       PROVISION RECOGNISED AS OF 31/12                     127.1       124.8

                                       DEVELOPMENT OF THE PRESENT VALUE OF THE OBLIGATION
                                       (DBO)
                                       Present value (DBO) as of 1/1                         171.8      174.5
                                       Service cost (new entitlements)                        1.9         1.9
                                       Interest expenses                                      2.7         3.4
                                       Pension payments                                      -10.2      -10.2
                                       Remeasurement of net liability from defined benefit plans
                                       (remeasurements)                                       5.8         2.2
                                       ACTUAL DBO AS OF 31/12                               172.0       171.8
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