Page 155 - KELAG Annual Report 2019
P. 155

RECONCILIATION OF THE PROVISION REPORTED IN THE
            STATEMENT OF FINANCIAL POSITION
            Present value (DBO) of the obligations covered by the plan assets   221.0   179.2
            Plan assets at fair value                             -45.8       -41.5
            PROVISION RECOGNISED AS OF 31/12                      175.2      137.6

            THE EXPENSE FOR PENSION PROVISIONS BREAKS DOWN AS
            FOLLOWS:
            Service cost                                            2.0        1.8
            Interest expenses                                       3.1        2.6
            Return on plan assets                                  -0.8       -0.8
            PENSION COST RECOGNISED IN THE INCOME STATEMENT        4.2         3.6

            DEVELOPMENT OF THE PRESENT VALUE OF THE OBLIGATION
            (DBO)
            DBO as of 1/1                                         179.2      172.0
            Service cost (vested benefits)                          2.0        1.8
            Interest expenses                                       3.1        2.6
              Pension payments                                    -10.3       -10.4
              Remeasurement of net liability from defined benefit plans   47.0   13.1
              thereof experience adjustments                        4.9        -0.6
              thereof demographic adjustments                       0.0       11.0
              thereof actuarial adjustments                        42.2        2.7
            DBO AS OF 31/12                                       221.0      179.2
            DEVELOPMENT OF PLAN ASSETS
            Plan assets at fair value as of 1/1                    41.5       44.9
            Return on plan assets                                   0.8        0.8
            Contributions to plan assets                            4.6        1.0
            Plan payments                                          -3.9       -3.9
            Remeasurement                                           2.7       -1.3
            PLAN ASSETS AT FAIR VALUE AS OF 31/12                 45.8        41.5



           No contributions to plan assets are expected in the coming reporting period.
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