Audi 2009 Annual Report Download - page 216

213
Consolidated Financial
Statements
178 Income Statement
179 Statement of Recognized
Income and Expense
180 Balance Sheet
181 Cash Flow Statement
182 Statement of Changes in Equity
Notes to the Consolidated
Financial Statements
184 Development of fixed assets
in the 2009 fiscal year
186 Development of fixed assets
in the 2008 fiscal year
188 General information
192 Recognition and
measurement principles
199 Notes to the Income Statement
205 Notes to the Balance Sheet
209 Liabilities
215 Additional disclosures
236 Events occurring subsequent
to the balance sheet date
237 Statement of Interests
held by the Audi Group
The provisions for pensions recognized in the Balance Sheet are determined by offsetting the
present value against the fund assets pursuant to IAS 19. The development of the net liability
recognized as provisions for pensions was as follows:
EUR million 2009 2008
Provisions for pensions on January 1 1,946 1,957
Changes in the group of consolidated companies and first-time adoption of IAS 19 –5
Employee benefit expenses 185 170
Actuarial gains (–) / losses (+) + 113 – 57
Pension payments from company assets – 79 – 72
Contributions paid to external pension funds – 64 – 59
Transfers received from affiliated companies 02
Transfers made to affiliated companies – 2– 1
Currency differences 01
Provisions for pensions on December 31 2,098 1,946
The experience-based adjustments, i.e. the effects of differences between actuarial assumptions
and what has actually transpired, are presented in the following table:
% 2009 2008 2007 2006 2005
Difference between anticipated and actual performance
as % of the present value of the obligation 1.37 0.17 – 1.46 0.29 0.15
as % of the fair value of the plan assets – 4.86 – 9.88 – 5.26 1.65 4.75
In detail, the calculation of the retirement benefit obligations is based on the following actuar-
ial assumptions (weighted average):
% Dec. 31, 2009 Dec. 31, 2008
Remuneration trend 2.50 2.50
Retirement benefit trend 1.60 1.60
Discount rate 5.40 5.75
Staff turnover rate 1.00 1.20
Anticipated yield on plan assets 5.00 5.00
The “2005 G Reference Tables” published by HEUBECK-RICHTTAFELN-GmbH served as the bio-
metric basis for calculation of retirement benefits.
29 Effective income tax obligations
Effective income tax obligations consist primarily of tax liabilities to Volkswagen AG (Wolfsburg)
under allocation plans.