Audi 2012 Annual Report Download - page 239

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The following amounts were recognized in the Income Statement:
EUR million 2012 2011
Current service cost for services provided by the employees in the fiscal year – 106 – 79
Interest cost – 141 – 141
Expected return on plan assets 28 29
Total – 220 – 191
The interest element in pension costs is shown under financing costs. The expected return on
plan assets is also shown under this item.
The provisions for pensions recognized in the Balance Sheet are determined by offsetting the
present value against the plan assets pursuant to IAS 19. The development of the net liability
recognized as provisions for pensions was as follows:
EUR million 2012 2011
Provisions for pensions on January 1 2,505 2,331
Changes in the group of consolidated companies and
first-time adoption of IAS 19 5 1
Employee benefit expenses 220 191
Actuarial gains (–)/losses (+) + 931 + 143
Pension payments from company assets – 95 – 92
Contributions paid to external pension funds – 97 – 69
Effects from transfers 4 – 1
Currency differences – 1 1
Provisions for pensions on December 31 3,470 2,505
The experience-based adjustments, i.e. the effects of differences between actuarial assumptions
and what has actually transpired, are presented in the following table:
2012 2011 2010 2009 2008
Difference between anticipated and actual performance
as % of the present value of the obligation – 0.91 0.88 – 0.31 1.37 0.17
as % of fair value of plan assets 0.90 – 7.12 0.84 – 4.86 – 9.88
In detail, the calculation of the defined benefit obligation for staff employed in Germany is
based on the following actuarial assumptions:
% Dec. 31, 2012 Dec. 31, 2011
Remuneration trend 2.90 2.80
Retirement benefit trend 1.80 1.60
Discount rate 3.20 4.60
Staff turnover rate 1.00 1.00
Anticipated yield on plan assets 3.75 3.75
The “2005 G Reference Tables” published by HEUBECK-RICHTTAFELN-GmbH, Cologne, served as
the biometric basis for calculation of retirement benefits.
The reduction in the discount rate is the main factor responsible for the increase in actuarial
losses.
32 Effective income tax obligations
Effective income tax obligations consist primarily of tax liabilities to Volkswagen AG, Wolfsburg,
under allocation plans.