DHL 2014 Annual Report Download - page 191

. Components of defined benefit cost
e components of dened benet cost are as follows:
 m
Germany  Other Total

Current service cost, excluding employee contributions 110 14 39 163
Past service cost 6 0 –20 –14
Settlement gains (–) / losses (+) 0 0 0 0
Other administration costs in accordance with  . 0 6 3 9
Service cost 1 116 20 22 158
Interest cost on defined benefit obligations 312 202 69 583
Interest income on plan assets –153 –186 – 60 –399
Interest on the effect of asset ceilings 0 0 0 0
Net interest cost 159 16 9 184
Actuarial gains (–) / losses (+) – total 2,045 513 385 2,943
Return on plan assets excluding interest income – 45 –369 –177 –591
Change in effect of asset ceilings excluding interest 0 0 –2 –2
Remeasurements 2,000 144 206 2,350
Cost of defined benefit plans 2,275 180 237 2,692

Current service cost, excluding employee contributions 111 34 41 186
Past service cost –58 –75 –3 –136
Settlement gains (–) / losses (+) 0 0 0 0
Other administration costs in accordance with  . 0 6 3 9
Service cost 1 53 –35 41 59
Interest cost on defined benefit obligations 314 176 66 556
Interest income on plan assets –153 –168 –54 –375
Interest on the effect of asset ceilings 0 0 0 0
Net interest cost 161 8 12 181
Actuarial gains (–) / losses (+) – total –76 393 – 95 222
Return on plan assets excluding interest income –30 – 96 – 50 –176
Change in effect of asset ceilings excluding interest 0 0 4 4
Remeasurements –106 297 –141 50
Cost of defined benefit plans 108 270 –88 290
1 Including administration costs in accordance with  . from plan assets.
 million of the cost of dened benet plans (previous year:
 million) related to sta costs,  million (previous year:
 million) to net other nance costs and , million (previ-
ous year:  million) to other comprehensive income.
. Risk
A number of risks that are material to the company and the plans
exist in relation to the dened benet plans. Opportunities for risk
mitigation are used in line with the specics of the plans concerned.
  
A decrease (increase) in the discount rate would lead to an increase
(decrease) in the present value of the total obligation and would
in principle be accompanied by an increase (decrease) in the fair
value of the xed income securities contained in the plan assets.
Other hedges are made, in some cases using derivatives.
 
Pension obligations – especially nal salary schemes or schemes
involving increases during the pension payment phase – can be
linked directly or indirectly to ination. e risk of rates of ina-
tion increasing to the present value of the dened benet obliga-
tions has been mitigated in the case of Germany, for example, by
switching to an arrangement involving xed benet amounts. In
the case of the , the risk has been mitigated by largely closing the
dened benet arrangements and setting a xed rate of increase or,
to some extent, by capping increases or providing for lump sum
payments in some cases. Additionally, there is a positive correl-
ation with interest.
Deutsche Post  Group —  Annual Report
185
Consolidated Financial Statements — NOTES — Balance sheet disclosures