Merck 2008 Annual Report Download - page 124

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Over the past five years, the funded status, composed of the present value of the
defined benefit obligations and the fair value of the plan assets, has changed as follows:
€ million as of Dec. 31 2008 2007 2006 2005 2004
Present value of the defined
benefit obligations 1,585.9 1,665.9 1,607.2 1,491.4 1,301.3
Fair value of the plan assets –462.6 –520.5 –346.2 –276.5 –234.9
Funded status 1,123.3 1,145.4 1,261.0 1,214.9 1,066.4
It is expected that the payments to beneficiaries from unfunded pension plans will
amount to around € 62 million in 2009 (2008: € 59 million) while payments to
fund-financed pension plans will probably amount to around € 24 million in 2009
(2008: € 31 million).
The cost of ongoing contributions in 2008 for defined contribution plans that are
financed exclusively by external funds and for which the companies of the Merck
Group are only obliged to pay the contributions, amounted to € 8.6 million in 2008
(2007: € 13.5 million). In addition, employer contributions of € 46.2 million (2007:
€ 45.6 million) were transferred to the German statutory pension insurance system
and € 5.5 million (2007: € 7.7 million) to statutory pension insurance systems abroad.
72 Income Statement
73 Balance Sheet
74 Segment Reporting
CONSOLIDATED FINANCIAL STATEMENTS OF THE MERCK GROUP
76 Cash Flow Statement
77 Free Cash Flow
77 Statement of Recognized
Income and Expense
78 Statement of Changes
in Net Equity including
Minority Interest
79 Notes
119