BMW 2007 Annual Report Download - page 111

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Based on the measurement principles contained in IAS 19, the following funding status applies to the
Group’s pension plans:
Pension provisions relating to pension plans in other
countries amounted to euro 127 million (2006:
euro
165 million). This includes euro 53 million (2006: euro
80 million) relating to externally funded plans.
The change in the defined benefit obligations
was attributable mainly to changes in the discount
rates used in the actuarial computation.
The changes in the pension provision and
in pension assets (reimbursement claims or right
to reduce future contributions to the funds) as
disclosed in the balance sheet can be derived as
follows:
in euro million Germany UK Other Total
31 December 2007 2006 2007 2006 2007 2006 2007 2006
Present value of pension benefits covered by
accounting provisions 3,849 4,412 – – 119 134 3,968 4,546
Present value of funded pension benefits – – 6,327 6,568 336 316 6,663 6,884
Defined benefit obligations 3,849 4,412 6,327 6,568 455 450 10,631 11,430
Fair value of plan assets – – 5,686 6,134 343 298 6,029 6,432
Net obligation 3,849 4,412 641 434 112 152 4,602 4,998
Income (+) expense (–) from past service cost
not yet recognised – – – – – 2 1 – 2 1
Amount not recognised as an asset because of
the limit in IAS 19.58 – – 6 5 17 11 23 16
Balance sheet amounts at 31 December 3,849 4,412 647 439 127 164 4,623 5,015
thereof pension provision 3,849 4,412 651 440 127 165 4,627 5,017
thereof pension assets (–) – – – 4 – 1 – – 1 – 4 – 2
in euro million Germany UK Other Total
2007 2006 2007 2006 2007 2006 2007 2006
Balance sheet amounts at 1 January 4,414* 4,234 439 792 164 202 5,017 5,228
Expense from pension obligations 239 329 52 71 28 45 319 445
Pension payments or transfers to external funds – 80 – 72 – 47 – 98 – 67 – 55 – 194 – 225
Actuarial gains (–) and losses (+)
on defined benefit obligations – 776 – 167 211 – 241 8 8 – 557 – 400
Actuarial gains (–) and losses (+) on plan assets – – 42 – 98 2 – 19 44 – 117
Employee contributions to the deferred
remuneration retirement scheme 52 87 – – – – 52 87
Translation differences and other changes – 1 – 50 13 – 8 – 17 – 58 – 3
Balance sheet amounts at 31 December 3,849 4,412 647 439 127 164 4,623 5,015
thereof pension provision 3,849 4,412 651 440 127 165 4,627 5,017
thereof pension assets (–) – – – 4 – 1 – – 1 – 4 – 2
*
including entities consolidated for the first time during the financial year