BMW 2015 Annual Report Download - page 138

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138
Net interest expense on the net defined benefit liability
is presented within the financial result. All other com-
ponents of pension expense are presented in the
in-
come statement under cost of sales, selling and adminis-
trative
expenses.
Remeasurements on the obligations side gave rise to
a negative amount of € 1,834 million (2014: positive
amount of € 3,519 million) and related mainly to the
higher discount rates used in Germany, the UK and
the USA.
Defined benefit Plan assets Total Limitation of Net defined
in € million obligation the net defined benefit liability
benefit asset to
the asset ceiling
1 January 2014 15,758 – 13,461 2,297 4 2,301
Expense / income
Current service cost 337 – 337 – 337
Interest expense (+) / income (–) 628 – 540 88 – 88
Past service cost – 3 – – 3 – – 3
Gains (–) or losses (+) arising from settlements – 8 – – 8 – – 8
Remeasurements
Gains (–) or losses (+) on plan assets, excluding
amounts included in interest income – – 1,394 – 1,394 – – 1,394
Gains (–) or losses (+) arising from changes in
demographic assumptions 53 – 53 – 53
Gains (–) or losses (+) arising from changes in
financial assumptions 3,490 – 3,490 – 3,490
Changes in the limitation of the net defined benefit
asset to the asset ceiling – – – – 1 – 1
Gains (–) or losses (+) arising from
experience adjustments – 24 – – 24 – – 24
Transfers to fund – – 383 – 383 – – 383
Employee contributions 71 – 71 – – –
Pensions and other benefits paid – 519 522 3 – 3
Translation differences and other changes 679 – 534 145 – 1 144
31 December 2014 20,462 – 15,861 4,601 2 4,603
thereof pension provision 4,604
thereof assets – 1
90 GROUP FINANCIAL STATEMENTS
90 Income Statements
90 Statement of
Comprehensive Income
92 Balance Sheets
94 Cash Flow Statements
96 Group Statement of Changes in
Equity
98 Notes
98 Accounting Principles and
Policies
113 Notes to the Income Statement
121 Notes to the Statement
of Comprehensive Income
122
Notes to the Balance Sheet
147 Other Disclosures
163 Segment Information