Page 79 - KELAG Annual Report 2017
P. 79

The defined benefit plans expose the Group to actuarial risks, such as longevity risk, interest rate
                                      risk and market (investment) risk.












                                       Provision recognised in the statement of financial position
                                       Present value (DBO) of the obligation                 73.9        77.9
                                       PROVISION RECOGNISED AS OF 31/12                      73.9        77.9
                                       THE EXPENSE FOR PROVISIONS FOR SEVERANCE PAYMENTS CAN
                                       BE BROKEN DOWN AS FOLLOWS
                                       Service cost                                           0.9         0.7
                                       Interest expenses                                      0.8         1.1
                                       SEVERANCE EXPENSES RECOGNISED IN THE INCOME STATEMENT   1.7       1.8
                                       Development of the provision
                                       Provision recognised as of 1/1                        77.9        78.3
                                       Net expense recognised through profit or loss          1.7         1.8
                                       Change in the fully recognised remeasurement of net liability from
                                       defined benefit plans (remeasurements)
                                         thereof demographic adjustments                      0.0         0.0
                                         thereof actuarial adjustments                        -0.4        1.4
                                         thereof experience adjustments                       -1.0        0.6
                                       Severance payments                                     -4.2       -4.2
                                       PROVISION RECOGNISED AS OF 31/12                      73.9        77.9
   74   75   76   77   78   79   80   81   82   83   84