DHL 2010 Annual Report Download - page 189
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 |
ese are based on plan-speci c mortality analyses and include a
premium for an expected increase in future life expectancy. Other
countries used their own mortality tables.
. Provisions for pensions and similar obligations by area
. 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
m
Germany Other Total
December
Provisions for pensions and similar obligations 4,150 157 206 4,513
Pension assets 0 196 179 375
Net pension provisions 4,150 –39 27 4,138
December
Provisions for pensions and similar obligations 4,204 187 183 4,574
Pension assets 0 128 160 288
Net pension provisions 4,204 59 23 4,286
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
eurozone Switzerland United States
December
Discount rate 5.00 5.50 5.00 2.75 5.50
Future salary increase 2.50 3.44 2.57 3.00 –
Future infl ation rate 2.00 3.00 2.00 1.50 –
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 –
For the German Group companies, life expectancy was cal-
culated using the Richttafeln mortality tables published by
Klaus Heubeck. Life expectancy for the British pension plans was
based on the mortality rates used for the last funding valuation.
. Computation of expense for the period
e following average expected return on plan assets was
used to compute the expense for the period:
Germany
Other
eurozone Switzerland United States
December
Average expected return on plan assets 4.15 6.25 5.69 4.25 7.00
December
Average expected return on plan assets 4.22 6.74 6.20 4.25 7.50
e average expected return on plan assets was determined
by reference to long-term bond yields (government and corporate).
In this process, suitable risk premiums were applied on the basis of
historical market returns and current market expectations taking
plan asset structures into account.
Deutsche Post DHL Annual Report
Consolidated Financial Statements
Notes
Balance sheet disclosures
175