DHL 2015 Annual Report Download - page 186

Deutsche Post  Group —  Annual Report
. Cost components of defined benefit retirement plans
e cost components of dened benet retirement plans are as fol-
lows:
 m
Germany  Other Total

Current service cost, excluding employee contributions 141 8 44 193
Past service cost 6 0 – 4 2
Settlement gains – / losses (+) 0 –7 0 –7
Other administration costs in accordance with  . 0 6 4 10
Service cost 1 147 7 44 198
Interest cost on defined benefit obligations 233 194 58 485
Interest income on plan assets – 96 –176 – 45 –317
Interest on the effects of asset ceilings 0 0 0 0
Net interest cost 137 18 13 168
Actuarial gains – / losses (+) – total –733 –371 – 44 –1,148
Return on plan assets excluding interest income 9 295 14 318
Change in effect of asset ceilings excluding interest 0 –1 –2 –3
Remeasurements –724 –77 –32 –833
Cost of defined benefit retirement plans – 440 – 52 25 – 467

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 effects 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 retirement plans 2,275 180 237 2,692
1 Including other administration costs in accordance with  . from plan assets.
 million of the cost of dened benet retirement plans (previous
year:  million) related to sta costs,  million (previous year:
 million) to net nance costs and – million (previous 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 retirement plans. Opportun-
ities for risk mitigation are used in line with the specics of the plans
concerned.
  
A decrease (increase) in the respective 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 increasing in-
ation rates with regard to the present value of the dened benet
obligations has been mitigated in the case of Germany, for example,
by switching to an arrangement involving xed benet amounts and
in the case of the  by largely closing the dened benet arrange-
ments as well as by setting xed rates of increase and / or by partially
capping increases or partially providing for lump sum payments.
Additionally, there is a positive correlation with interest rates.
176