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Deutsche Post World Net Annual Report 2007
40.6 Changes in the fair value of plan assets
€m
Germany UK Other
Deutsche Post-
bank Group Total
2007
Fair value of plan assets at 1 January 1,852 4,177 1,374 381 7,784
Employer contributions 200 67 45 16 328
Employee contributions 0 22 13 0 35
Expected return on plan assets 71 272 79 17 439
Gains (+) / losses (–) on plan assets –10 62 –11 –7 34
Benefi t payments –199 –193 –53 –26 – 471
Transfers 0 0 17 1 18
Acquisitions 0 26 0 11 37
Settlements 0 0 –12 0 –12
Currency translation effects 0 –385 –34 –1 – 420
Fair value of plan assets at 31 December 1,914 4,048 1,418 392 7,772
2006
Fair value of plan assets at 1 January 1,791 3,869 1,330 59 7,049
Employer contributions 217 40 60 16 333
Employee contributions 0 24 15 0 39
Expected return on plan assets 53 245 77 16 391
Gains (+) / losses (–) on plan assets –1 80 –21 –1 57
Benefi t payments –208 –189 – 47 –25 – 469
Transfers 0 00–2–2
Acquisitions 0 17 0 316 333
Settlements 0 0 –5 0 –5
Currency translation effects 0 91 –35 2 58
Fair value of plan assets at 31 December 1,852 4,177 1,374 381 7,784
e plan assets are composed of xed-income securities (; previous
year: ), equities and investment funds (; previous year: ), real
estate (; previous year: ), cash and cash equivalents (; previous
year: ), insurance contracts (; previous year: ) and other assets
(; previous year: ).
(previous year: ) of the real estate, which has a fair value of
, million (previous year: , million), is owner-occupied by
Deutsche Post AG.
40.7 Funded status
€m 2005 2006 2007
Present value of defi ned benefi t
obligations at 31 December 14,501 15,205 13,529
Fair value of plan assets at
31 December –7,049 –7,784 –7,772
Funded status 7,452 7,421 5,757
40.8 Gains and losses
€m 2005 2006 2007
Actual return on plan assets 187 448 473
Expected return on plan assets 129 391 439
Experience gains (+) / losses (–)
on plan assets 58 57 34
€m 2005 2006 2007
Experience gains (+) / losses (–) on
defi ned benefi t obligations 12 –226 116
Gains (+) / losses (–) in defi ned benefi t
obligations arising from changes in
assumptions –1,080 488 1,298
Total actuarial gains (+) / losses (–)
on defi ned benefi t obligations –1,068 262 1,414