Page 157 - KELAG Annual Report 2019
P. 157

THE EXPENSE FOR PROVISIONS FOR SEVERANCE PAYMENTS CAN
            BE BROKEN DOWN AS FOLLOWS:
            Service cost                                            0.5        0.5
            Interest expenses                                       1.0        0.7
            SEVERANCE EXPENSES RECOGNISED IN THE INCOME STATEMENT   1.5        1.2
            Development of the provision
            Provision recognised as of 1/1                         76.4       73.9
            Net expense recognised through profit or loss           1.5        1.2
            Change in the fully recognised remeasurement of net liability from
            defined benefit plans
              on account of demographic adjustments                 0.0        0.1
              on account of actuarial adjustments                   8.8        4.4
              on account of experience adjustments                  0.3        0.9
              Severance payments                                   -4.8       -4.2
              PROVISION RECOGNISED AS OF 31/12                    82.1        76.5
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