BMW 2001 Annual Report Download - page 80

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79
The level of the pension obligations differ de-
pending on the pension system applicable in each
country. Since the state pension system in Great
Britain only provides a basic fixed amount benefit,
retirement benefits are largely organised in the form
of company pensions and arrangements financed by
the individual. The pension benefits in Great Britain
thus contain contributions made by the employees.
The pension provisions relating to other coun-
tries amounted to euro 101 million (2000: euro
82 million). This includes euro 32 million (2000: euro
25 million) relating to externally funded plans.
The defined benefit plans of the BMW Group
gave rise to a total pension expense in fiscal year
2001 of euro 288 million (2000: euro 241 million),
comprising the following components:
in euro million Germany UK Other countries Total
31. December 2001 2000 2001 2000 2001 2000 2001 2000
Present value of pension benefits
covered by accounting provisions 1,902 1,754 66 47 1,968 1,801
Present value of funded
pension benefits 6,746 6,840 192 150 6,938 6,990
Defined benefit obligation 1,902 1,754 6,746 6,840 258 197 8,906 8,791
Fair value of fund assets 6,504 6,855 151 148 6,655 7,003
Net obligation 1,902 1,754 242 107 49 2,251 1,788
Surplus of fund assets () 15
Actuarial gains (+) and
losses () not yet recognised 43 33  309 76 30 18  296 25
Income (+) or expense () from
past service cost not yet
recognised 7 7
Amount not recognised as an
asset because of the limit in
IAS 19.58 23 21 23 21
Balance sheet amount at 31.12. 1,945 1,787 67 91 100 81 1,978 1,777
thereof pension provision 1,945 1,787 101 82 2,046 1,869
thereof pension asset () 67 91 1 1 68 92