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. Present value of defined benefit obligations
e present value of dened benet obligations changed as
follows:
 m
Germany  Other Total

Present value of defined benefit obligations at  January 8,608 4,116 2,051 14,775
Current service cost, excluding employee contributions 111 34 41 186
Interest cost on defined benefit obligations 314 176 66 556
Actuarial gains (–) / losses (+) – changes in demographic assumptions 33 237 5 209
Actuarial gains (–) / losses (+) – changes in financial assumptions – 68 156 103 15
Actuarial gains (–) / losses (+) – experience adjustments 25 0 3 28
Past service cost – 58 75 –3 136
Settlement gains (–) / losses (+) 0 0 0 0
Employee contributions 10 11 15 36
Benefit payments – 471 173 77 721
Settlement payments 0 0 –2 –2
Transfers 4 0 1 5
Acquisitions / divestitures –3 0–1 –4
Currency translation effects 0 – 87 – 33 120
Present value of defined benefit obligations at  December 8,439 4,395 1,963 14,797

Present value of defined benefit obligations at  January 7,474 3,951 1,835 13,260
Current service cost, excluding employee contributions 88 32 36 156
Interest cost on defined benefit obligations 357 191 74 622
Actuarial gains (–) / losses (+) – changes in demographic assumptions 0 –11 23 12
Actuarial gains (–) / losses (+) – changes in financial assumptions 1,106 173 170 1,449
Actuarial gains (–) / losses (+) – experience adjustments 51 150 25 124
Past service cost 0 0 1 1
Settlement gains (–) / losses (+) 0 0 0 0
Employee contributions 9 13 15 37
Benefit payments – 480 179 – 80 739
Settlement payments 0 0 0 0
Transfers 1 0 3 4
Acquisitions / divestitures 2 0 0 2
Currency translation effects 0 96 –1 95
Present value of defined benefit obligations at  December 8,608 4,116 2,051 14,775
e key nancial assumptions are as follows:
Germany  Other Total
 December 
Discount rate 3.75 4.50 3.48 3.94
Expected rate of future salary increase p. a. 2.50 4.50 2.12 3.06
Expected rate of future pension increase p. a. 2.00 2.96 1.06 2.20
 December 
Discount rate 3.70 4.50 3.19 3.85
Expected rate of future salary increase p. a. 2.50 3.50 2.35 2.77
Expected rate of future pension increase p. a. 2.00 2.80 1.07 2.14
179Deutsche Post DHL 2013 Annual Report
Notes
Balance sheet disclosures
Consolidated Financial Statements