Page 83 - Annual Report KELAG Group 2018
P. 83

DEVELOPMENT OF PLAN ASSETS
                                       Plan assets at fair value as of 01/01                 44.9        47.0
                                       Return on plan assets                                  0.8         0.8
                                       Contributions to plan assets                           1.0         0.0
                                       Plan payments                                          -3.9       -3.8
                                       Remeasurement of net liability from defined benefit plans   -1.3   0.9
                                       (remeasurements)
                                       PLAN ASSETS AT FAIR VALUE AS OF 31/12                 41.5        44.9



                                      An estimated EUR 5.0m will be contributed to plan assets in the coming reporting period.









                                                                        No                       No
                                                             Active   active           Active   active
                                                             market   market   Total   market   market   Total
                                       Bonds – euroeuro       35.9      0.0    35.9     35.0     0.0     35.0
                                       Bonds – euro emerging   10.3     0.0    10.3     10.2     0.0     10.2
                                       markets
                                       Corporate bonds – euro   15.3    0.0    15.3     15.0     0.0     15.0
                                       Shares – euro          18.8      0.0    18.8     20.0     0.0     20.0
                                       Shares – non-euro      10.2      0.0    10.2     10.2     0.0     10.2
                                       Real estate             0.0      1.4     1.4      0.0     0.9      0.9
                                       Alternative investment   0.0     1.0     1.0      0.0     0.8      0.8
                                       instruments
                                       Time deposits/cash      7.0      0.0     7.0      7.9     0.0      7.9
                                       TOTAL                  97.6     2.4    100.0     98.3     1.7    100.0



                                      There are market price listings in active markets for all equity securities and government bonds.

                                      KELAG  has  outsourced  the  investment  policy  and  investment  management  as  well  as
                                      responsibility for the investments to Valida Pension AG. The objective of the investment policy is
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