Mercedes 2006 Annual Report Download - page 203
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 |
Consolidated Financial Statements | Notes to the Consolidated Balance Sheets | 187
Net pension cost. The components of net pension cost were
as follows:
In 2007, the amortization of unrecognized net actuarial losses
and unrecognized prior service cost are expected to approximate
€0.5 million and €0.3 billion, respectively.
Contributions. Employer contributions to the Group’s defined
benefit pension plans were €1,199 million and €1,661 million
for the years 2006 and 2005, respectively. Employer cash contri-
butions to the Group’s defined benefit pension plans are
expected to approximate €0.9 billion in 2007 to satisfy minimum
funding and contractual requirements.
(in millions of €)
256
586
(614)
141
–
369
–
369
681
1,878
(2,339)
372
292
884
64
948
443
1,286
(1,704)
417
279
721
16
737
296
588
(673)
183
–
394
–
394
739
1,874
(2,377)
600
279
1,115
16
1,131
829
1,872
(2,518)
763
271
1,217
112
1,329
365
582
(790)
232
–
389
85
474
464
1,290
(1,728)
531
271
828
27
855
425
1,292
(1,725)
231
292
515
64
579
2004
Non-German
plans
German
plansTotal
2005
Non-German
plans
German
plansTotal
2006
Non-German
plans
German
plansTotal
Service cost
Interest cost
Expected return on plan assets
Amortization of:
Unrecognized net actuarial losses
Unrecognized prior service cost
Net periodic pension cost
Settlement/curtailment loss
Net pension cost
Estimated future pension benefit payments. Pension benefits
pertaining to the Group’s German and non-German plans
were €577 million and €1,670 million respectively during 2006,
and €565 million and €1,631 million respectively during 2005.
The total estimated future pension benefits to be paid by the
Group’s pension plans for the next 10 years approximate €23.3
billion and are expected to be paid as follows:
Accumulated benefit obligation. For all pension plans that
have an accumulated benefit obligation in excess of plan assets,
information pertaining to the accumulated benefit obligation
and plan assets are presented as follows:
At December 31,
2005
2006
15,766
14,488
12,032
41,099
39,379
33,953
Projected benefit obligation
Accumulated benefit obligation
Plan assets
(in millions of €)
2012-
201620112010200920082007
0.6 0.6 0.7 0.7 0.7 3.9
1.6 1.6 1.6 1.6 1.6 8.1
2.2 2.2 2.3 2.3 2.3 12.0
German
plans
Non-German
plans
Total
(in billions of €)