BMW 2014 Annual Report Download - page 141
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141 GROUP FINANCIAL STATEMENTS
The net defined benefit liability for pension plans in Germany, the UK and other countries changed as follows:
Germany
Defined benefit obligation Plan assets Net liability
in € million 2014 2013 2014 2013 2014 2013
1 January 7,400 7,974 – 6,749 – 6,064 651 1,910
Expense(+) / income (–) 475 483 – 237 – 183 238 300
Remeasurements 1,872 – 946 – 351 – 174 1,521 – 1,120
Payments to external funds – – – 97 – 301 – 97 – 301
Employee contributions 48 42 – 48 – 42 – –
Payments on account and pension payments – 159 – 154 159 15 – – 139
Other changes – 1 – – – 1
31 December 9,636 7,400 – 7,323 – 6,749 2,313 651
United Kingdom
Defined benefit obligation Plan assets Net liability
in € million 2014 2013 2014 2013 2014 2013
1 January 7,409 7,137 – 6,076 – 5,782 1,333 1,355
Expense(+) / income (–) 405 345 – 275 – 233 130 112
Remeasurements 1,390 330 – 990 – 305 400 25
Payments to external funds – – – 212 – 135 – 212 – 135
Employee contributions 20 18 – 20 – 18 – –
Payments on account and pension payments – 294 – 261 302 269 8 8
Translation differences and other changes 569 – 160 – 463 128 106 – 32
31 December 9,499 7,409 – 7,734 – 6,076 1,765 1,333
Other
Defined benefit Plan assets Effect of limiting the Net liability
obligation net defined benefit
asset to the asset ceiling
in € million 2014 2013 2014 2013 2014 2013 2014 2013
1 January 949 1,144 – 636 – 601 4 4 317 547
Effect of first-time consolidation – – – – – – – –
Expense(+) / income (–) 74 48 – 28 – 22 – – 46 26
Remeasurements 257 – 164 – 53 – 2 – 1 1 203 – 165
Payments to external funds – – – 74 – 73 – – – 74 – 73
Employee contributions 3 4 – 3 – 4 – – – –
Payments on account and pension payments – 66 – 45 61 40 – – – 5 – 5
Translation differences and other changes 110 – 38 – 71 26 – 1 – 1 38 – 13
31 December 1,327 949 – 804 – 636 2 4 525 317
Depending on the cash flow profile and risk structure of the pension obligations involved, pension plan assets are
invested in various investment classes.