BMW 2004 Annual Report Download - page 86
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85
Pension provisions relating to pension plans in
other countries amounted to euro 130 million (2003:
euro 122 million). This includes euro 36 million
(2003: euro 34 million) relating to externally funded
plans.
The changes in the pension provision
and the pension asset (reimbursement claims or
right to reduce future contributions to the funds) as
disclosed in the balance sheet are as follows:
in euro million Germany UK Other countries Total
2004 2003 2004 2003 2004 2003 2004 2003
Balance sheet amount at 1.1. 2,305 2,117 –32 –10 121 106 2,394 2,213
Expense from pension obligations 272 203 123 88 38 48 433 339
Pension payments or transfers
to external funds – 59 –56 – 112 –111 –25 –24 –196 –191
Employee contributions to the
deferred remuneration retirement
47 43 ––––47 43
Transfer of obligations to
non-consolidated entities – –2 ––––––2
Translation differences on
foreign pension plans – ––1–5 –9 –5 –8
Balance sheet amounts at 31.12. 2,565 2,305 –21 –32 129 121 2,673 2,394
thereof pension provision 2,565 2,305 83130 122 2,703 2,430
thereof pension asset (–) – ––29 –35 –1 –1 –30 –36
scheme