DHL 2009 Annual Report Download - page 180
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. Pension provisions and other employee benefi ts by area
m
Germany Other
Deutsche
Postbank
Group Total
December
Provisions for pensions and other employee benefi ts 4,204 187 183 – 4,574
Pension assets 0 128 160 – 288
Net pension provisions 4,204 59 23 – 4,286
December
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 0 0 0 –1,149 –1,149
Net pension provisions 4,299 63 61 0 4,423
For the German Group companies, longevity was calculated
using the Richttafeln mortality tables published by Klaus
Heubeck. For the British bene t plans longevity was based on
the mortality rates used in the current funding valuation. ese
are based 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.
. Computation of expenses for the period
e following average expected return on plan assets was used
to compute the expenses for the period:
Germany
Other euro
zone Switzerland United States
December
Average expected return on plan assets 4.22 6.74 6.20 4.25 7.50
December
Average expected return on plan assets 3.75 – 4.25 4.50 – 7.25 5.00 – 7.00 4.25 7.50
e average expected return on plan assets was determined
by taking into account current long-term rates of return on bonds
(government and corporate). In this process, suitable risk premiums
were applied on the basis of historical market returns and current
market expectations taking into account plan asset structures.
. 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
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:
Germany
Other
euro zone Switzerland United States
December
Discount rate 5.25 5.75 5.25 3.00 5.75
Future salary increase 2.50 3.84 2.63 3.00 –
Future infl ation rate 2.00 2.75 2.00 1.50 –
December
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
Deutsche Post DHL Annual Report
Consolidated Financial Statements
Notes
Balance sheet disclosures
163