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Notes Consolidated Financial Statements
Deutsche Post World Net Annual Report 2007
40.4 Reconciliation of the present value of the obligations, the fair value of plan assets and the pension provision
€m
Germany UK Other
Deutsche Post-
bank Group Total
2007
Present value of defi ned benefi t obligations at 31 December for wholly or partly funded
benefi ts 3,686 3,743 1,250 698 9,377
Present value of defi ned benefi t obligations at 31 December for unfunded benefi ts 3,237 9 177 729 4,152
Present value of total defi ned benefi t obligations at 31 December 6,923 3,752 1,427 1,427 13,529
Fair value of plan assets at 31 December –1,914 – 4,048 –1,418 –392 –7,772
Unrecognised net gains (+) / losses (–) – 622 435 26 108 –53
Unrecognised past service cost – 4 0 0 0 – 4
Asset adjustment for asset limit 0 1 41 0 42
Net pension provisions at 31 December 4,383 140 76 1,143 5,742
Pension assets at 31 December 0 –127 –120 0 –247
Provisions for pensions and other employee benefi ts at 31 December 4,383 267 196 1,143 5,989
2006
Present value of defi ned benefi t obligations at 31 December for wholly or partly
funded benefi ts 4,150 4,198 1,340 773 10,461
Present value of defi ned benefi t obligations at 31 December for unfunded benefi ts 3,749 0 171 824 4,744
Present value of total defi ned benefi t obligations at 31 December 7,899 4,198 1,511 1,597 15,205
Fair value of plan assets at 31 December –1,852 – 4,177 –1,374 –381 –7,784
Unrecognised net gains (+) / losses (–) –1,518 152 – 48 –101 –1,515
Unrecognised past service cost –5 0 0 0 –5
Asset adjustment for asset limit 0 1 36 0 37
Net pension provisions at 31 December 4,524 174 125 1,115 5,938
Pension assets at 31 December 0 –122 –74 0 –196
Provisions for pensions and other employee benefi ts at 31 December 4,524 296 199 1,115 6,134
40.5 Changes in the present value of the defi ned benefi t obligations
€m
Germany UK Other
Deutsche Post-
bank Group Total
2007
Present value of total defi ned benefi t obligations at 1 January 7,899 4,198 1,511 1,597 15,205
Current service cost, excluding employee contributions 105 102 58 34 299
Employee contributions 0 22 13 0 35
Interest cost 339 206 59 72 676
Benefi t payments – 490 –194 – 69 –71 – 824
Past service cost – 40 1 4 –14 – 49
Curtailments –26 0 – 43 0 – 69
Settlements 0 0 –19 0 –19
Transfers 5 0 23 4 32
Acquisitions 2 37 6 16 61
Actuarial gains (–) / losses (+) – 871 –257 –76 –210 –1,414
Currency translation effects 0 –363 – 40 –1 – 404
Present value of total defi ned benefi t obligations at 31 December 6,923 3,752 1,427 1,427 13,529
2006
Present value of total defi ned benefi t obligations at 1 January 8,051 4,096 1,520 834 14,501
Current service cost, excluding employee contributions 110 110 84 38 342
Employee contributions 0 24 15 0 39
Interest cost 326 197 58 68 649
Benefi t payments – 499 –189 – 63 – 69 – 820
Past service cost 22 –31 –5 1 –13
Curtailments –20 –10 –16 0 – 46
Settlements 0 0 – 6 0 – 6
Transfers –52 0–57922
Acquisitions 0 19 0 726 745
Actuarial gains (–) / losses (+) –39 –112 –31 – 80 –262
Currency translation effects 0 94 – 40 0 54
Present value of total defi ned benefi t obligations at 31 December 7,899 4,198 1,511 1,597 15,205
de ned bene t obligations of million, fair value of plan assets of
million).
e most signi cant changes to pension obligations during re-
late to the acquisition of TSO (net pension provisions of million,