DHL 2008 Annual Report Download - page 167
Download and view the complete annual report
Please find page 167 of the 2008 DHL annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.-
1 -
2
-
3
-
4
-
5
-
6
-
7
-
8
-
9
-
10
-
11
-
12
-
13
-
14
-
15
-
16
-
17
-
18
-
19
-
20
-
21
-
22
-
23
-
24
-
25
-
26
-
27
-
28
-
29
-
30
-
31
-
32
-
33
-
34
-
35
-
36
-
37
-
38
-
39
-
40
-
41
-
42
-
43
-
44
-
45
-
46
-
47
-
48
-
49
-
50
-
51
-
52
-
53
-
54
-
55
-
56
-
57
-
58
-
59
-
60
-
61
-
62
-
63
-
64
-
65
-
66
-
67
-
68
-
69
-
70
-
71
-
72
-
73
-
74
-
75
-
76
-
77
-
78
-
79
-
80
-
81
-
82
-
83
-
84
-
85
-
86
-
87
-
88
-
89
-
90
-
91
-
92
-
93
-
94
-
95
-
96
-
97
-
98
-
99
-
100
-
101
-
102
-
103
-
104
-
105
-
106
-
107
-
108
-
109
-
110
-
111
-
112
-
113
-
114
-
115
-
116
-
117
-
118
-
119
-
120
-
121
-
122
-
123
-
124
-
125
-
126
-
127
-
128
-
129
-
130
-
131
-
132
-
133
-
134
-
135
-
136
-
137
-
138
-
139
-
140
-
141
-
142
-
143
-
144
-
145
-
146
-
147
-
148
-
149
-
150
-
151
-
152
-
153
-
154
-
155
-
156
-
157 -
158 -
159 -
160 -
161 -
162 -
163 -
164 -
165 -
166 -
167 -
168 -
169 -
170 -
171 -
172 -
173 -
174 -
175 -
176 -
177 -
178
-
179
-
180
-
181
-
182
-
183
-
184
-
185
-
186
-
187
-
188
-
189
-
190
-
191
-
192
-
193
-
194
-
195
-
196
-
197
-
198
-
199
-
200
-
201
-
202
-
203
-
204
-
205
-
206
-
207
-
208
-
209
-
210
-
211
-
212
-
213
-
214
 |
 |
Deutsche Post World Net Annual Report 2008
Consolidated Financial Statements
Notes
44.1 Provisions for pensions and other employee benefi ts by area
€ m
United
Kingdom
Deutsche
Germany Other
Postbank
Group Total
31 December 2008
Provisions for pensions and other employee benefi ts 4,299 183 203 1,149 5,834
Pension assets 0– 120 – 142 0– 262
Net pension provisions 4,299 63 61 1,149 5,572
Reclassifi cation in accordance with IFRS 5 0 0 0 – 1,149 – 1,149
Net pension provisions 4,299 63 61 04,423
31 December 2007
Provisions for pensions and other employee benefi ts 4,383 267 196 1,143 5,989
Pension assets 0– 127 – 120 0– 247
Net pension provisions 4,383 140 76 1,143 5,742
44.2 Actuarial assumptions
e majority of the Group’s de ned bene t obligations relate
to plans in Germany and the . In addition, signi cant pension
%United
Kingdom
Other
Germany euro zone Switzerland US
31 December 2008
Discount rate 5.75 6.50 5.75 2.75 6.00
Future salary increase 2.50 3.00 – 4.75 2.00 – 4.00 3.00 4.00
Future infl ation rate 2.00 3.25 2.00 1.50 2.50
31 December 2007
Discount rate 5.50 5.75 5.50 3.25 6.00
Future salary increase 2.50 3.00 – 4.75 2.00 – 4.00 3.00 3.75
Future infl ation rate 2.00 3.25 2.00 1.50 2.50
plans are provided in other euro zone countries, Switzerland and the
. e actuarial measurement of the main bene t plans was based
on the following assumptions:
For the German Group companies, longevity was calculated
using the Ri chtt afeln mortality tables published by Klaus
Heubeck. For the British bene t plans, longevity was based on the
mortality rates used in the last funding valuation. ese are based
%United
Kingdom
Other
Germany euro zone Switzerland US
2008
Average expected return on plan assets 3.75 – 4.25 4.50 – 7.25 5.00 – 7.00 4.25 7.50
2007
Average expected return on plan assets 3.25 – 4.25 4.50 – 7.25 5.00 – 7.00 4.25 7.50
on mortality analyses speci c to the plan and include a premium for
an expected increase in future life expectancy. Other countries used
their own mortality tables.
44.3 Computation of expenses for the period
e following average expected return on plan assets was used to compute the expenses for the period:
e expected return on plan assets was determined by tak-
ing into account current long-term rates of return on bonds (govern-
ment and corporate) and then applying to these rates a suitable risk
premium for other asset classes based on historical market returns
and current market expectations.
163