DHL 2011 Annual Report Download - page 199
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 |
. Changes in the fair value of plan assets
m
Germany Other Total
Fair value of plan assets at January 2,122 3,378 1,519 7,019
Employer contributions 160 85 39 284
Employee contributions 0 14 15 29
Expected return on plan assets 89 200 80 369
Gains (+) / losses (–) on plan assets –65 86 –38 –17
Benefi t payments –202 –167 –74 – 443
Transfers 2 2 0 4
Acquisitions 0 4 0 4
Settlements 0–9 –11 –20
Currency translation effects 0 121 19 140
Fair value of plan assets at December 2,106 3,714 1,549 7,369
Fair value of plan assets at January 2,073 3,060 1,339 6,472
Employer contributions 169 106 31 306
Employee contributions 0 4 15 19
Expected return on plan assets 88 207 79 374
Gains (+) / losses (–) on plan assets 1 59 41 101
Benefi t payments –209 –165 –77 – 451
Transfers –1 3 0 2
Acquisitions 1 0 0 1
Settlements 0 0 –1 –1
Currency translation effects 0 104 92 196
Fair value of plan assets at December 2,122 3,378 1,519 7,019
e plan assets are composed of xed-income securities
(45 %; previous year: 42 %), equities and investment funds (18 %;
previous year: 30 %), real estate (17 %; previous year: 19 %), cash
and cash equivalents (6 %; previous year: 4 %), insurance contracts
(4 %; previous year: 4 %) and other assets (10 %; previous year: 1 %).
Other assets primarily comprise alternative investments and over-
lay mandates for risk-based allocation management, which were
used to signi cantly reduce equity risk in 2011.
79 % (previous year: 79 %) of the real estate has a fair value of
€ 1,011 million (previous year: € 1,043 million) and is owner-occu-
pied by Deutsche Post AG.
. Funded status
m 2007
Total
2008
Total
2009
Total
2010
Total
2011
Total
Present value of defi ned benefi t
obligations at December 13,529 12,246 11,664 12,349 13,257
Fair value of plan assets
at December –7,772 – 6,235 – 6,472 –7,019 –7,369
Funded status 1 5,757 6,011 5,192 5,330 5,888
1 The funded status is recognised until fi nancial year with the amounts
of Deutsche Postbank Group included.
Deutsche Post DHL Annual Report
Consolidated Financial Statements
Notes
Balance sheet disclosures
193