Page 82 - Annual Report KELAG Group 2018
P. 82

RECONCILIATION OF THE PROVISION REPORTED IN THE
            STATEMENT OF FINANCIAL POSITION
            Present value (DBO) of the obligations covered by the plan assets   179.2   172.0
            Plan assets at fair value                             -41.5       -44.9
            PROVISION RECOGNISED AS OF 31/12                      137.6      127.1

            THE EXPENSE FOR PENSION PROVISIONS BREAKS DOWN AS
            FOLLOWS:
            Service cost                                            1.8        1.9
            Interest expenses                                       2.6        2.7
            Return on plan assets                                  -0.8       -0.8
            PENSION COST RECOGNISED IN THE INCOME STATEMENT        3.6         3.8

            DEVELOPMENT OF THE PENSION PROVISION
            Provision recognised as of 01/01                      127.1      124.8
            Net expense recognised through profit or loss           3.6        3.8
            Change in the fully recognised remeasurement of net liability from
            pensions and pension-related obligations (remeasurements)
              thereof experience adjustments                       -0.6        3.9
              thereof demographic adjustments                      11.0        0.0
              thereof actuarial adjustments                         2.7        1.9
              thereof from gains/losses on plan assets              1.3        -0.9
            Pension/bonus payments                                -10.4       -10.2
            Plan payments                                           3.9        3.8
            Contributions to plan assets                           -1.0        0.0
            PROVISION RECOGNISED AS OF 31/12                      137.6      127.1

            DEVELOPMENT OF THE PRESENT VALUE OF THE OBLIGATION
            (DBO)
            Present value (DBO) as of 01/01                       172.0      171.8
            Service cost (vested benefits)                          1.8        1.9
            Interest expenses                                       2.6        2.7
            Pension payments                                      -10.4       -10.2
            Remeasurement of net liability from defined benefit plans   13.1   5.8
            (remeasurements)
            ACTUAL DBO AS OF 31/12                                179.2      172.0
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