BMW 2015 Annual Report Download - page 139

139 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 2015 2014 2015 2014 2015 2014
1 January 9,636 7,400 – 7,323 – 6,749 2,313 651
Expense (+) / income (–) 518 475 – 155 – 237 363 238
Remeasurements – 825 1,872 – 7 – 351 – 832 1,521
Payments to external funds – – – 490 – 97 – 490 – 97
Employee contributions 53 48 – 53 – 48 – –
Payments on account and pension payments – 167 – 159 173 159 6 –
31 December 9,215 9,636 – 7,855 – 7,323 1,360 2,313
United Kingdom
Defined benefit obligation Plan assets Net liability
in € million 2015 2014 2015 2014 2015 2014
1 January 9,499 7,409 – 7,734 – 6,076 1,765 1,333
Expense (+) / income (–) 449 405 – 283 – 275 166 130
Remeasurements – 876 1,390 294 – 990 – 582 400
Payments to external funds – – – 295 – 212 – 295 – 212
Employee contributions 23 20 – 23 – 20 – –
Payments on account and pension payments – 326 – 294 334 302 8 8
Translation differences and other changes 558 569 – 446 – 463 112 106
31 December 9,327 9,499 – 8,153 – 7,734 1,174 1,765
Other
Defined benefit Plan assets Effect of limiting the Net liability
obligation net defined benefit
asset to the asset ceiling
in € million 2015 2014 2015 2014 2015 2014 2015 2014
1 January 1,327 949 – 804 – 636 2 4 525 317
Expense (+) / income (–) 109 74 – 30 – 28 – – 79 46
Remeasurements – 133 257 38 – 53 1 – 1 – 94 203
Payments to external funds – – – 87 – 74 – – – 87 – 74
Employee contributions 3 3 – 3 – 3 – – – –
Payments on account and pension payments – 47 – 66 47 61 – – – – 5
Translation differences and other changes 125 110 – 83 – 71 – – 1 42 38
31 December 1,384 1,327 – 922 – 804 3 2 465 525
Depending on the cash flow profile and risk structure of the pension obligations involved, pension plan assets are
invested in various investment classes.