DHL 2014 Annual Report Download - page 187
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. Present value of defined benefit obligations
e present value of dened benet obligations changed as follows:
m
Germany Other Total
Present value of defined benefit obligations at January 8,438 4,395 1,963 14,796
Current service cost, excluding employee contributions 110 14 39 163
Interest cost on defined benefit obligations 312 202 69 583
Actuarial gains (–) / losses (+) – changes in demographic assumptions 0 –88 15 –73
Actuarial gains (–) / losses (+) – changes in financial assumptions 2,057 627 375 3,059
Actuarial gains (–) / losses (+) – experience adjustments –12 –26 –5 – 43
Past service cost 6 0 –20 –14
Settlement gains (–) / losses (+) 0 0 0 0
Employee contributions 11 4 15 30
Benefit payments – 469 –189 – 94 –752
Settlement payments 0 0 0 0
Transfers 0 0 1 1
Acquisitions / divestitures 0 0 0 0
Currency translation effects 0 308 41 349
Present value of defined benefit obligations at December 10,453 5,247 2,399 18,099
Present value of defined benefit obligations at January 8,608 4,116 2,051 14,775
Current service cost, excluding employee contributions 111 34 41 186
Interest cost on defined benefit obligations 314 176 66 556
Actuarial gains (–) / losses (+) – changes in demographic assumptions –33 237 5 209
Actuarial gains (–) / losses (+) – changes in financial assumptions – 68 156 –103 –15
Actuarial gains (–) / losses (+) – experience adjustments 25 0 3 28
Past service cost –58 –75 –3 –136
Settlement gains (–) / losses (+) 0 0 0 0
Employee contributions 10 11 15 36
Benefit payments – 471 –173 –77 –721
Settlement payments 0 0 –2 –2
Transfers 3 0 1 4
Acquisitions / divestitures –3 0 –1 – 4
Currency translation effects 0 –87 –33 –120
Present value of defined benefit obligations at December 8,438 4,395 1,963 14,796
e signicant nancial assumptions are as follows:
Germany Other Total
December
Discount rate 2.25 3.50 2.33 2.62
Expected annual rate of future salary increase 2.50 3.00 2.05 2.43
Expected annual rate of future pension increase 2.00 2.59 0.92 2.07
December
Discount rate 3.75 4.50 3.48 3.94
Expected annual rate of future salary increase 2.50 4.50 2.12 3.06
Expected annual rate of future pension increase 2.00 2.96 1.06 2.20
Deutsche Post Group — Annual Report
181
Consolidated Financial Statements — NOTES — Balance sheet disclosures