Mercedes 2010 Annual Report Download - page 217

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Consolidated Financial Statements | Notes to the Consolidated Financial Statements | 213
Present value of defined pension benefit obligations and
fair value of plan assets. The development of these metrics in
the reported periods is as follows:
Total
German
plans
2010
Non-German
plans
Total
German
plans
2009
Non-German
plans
In millions of euros
Present value of the defined benefit obligation at January 1 16,529 14,183 2,346 15,044 12,780 2,264
Current service cost 337 264 73 295 226 69
Interest cost 859 734 125 847 734 113
Contributions by plan participants 7 4 3 57 54 3
Actuarial losses 620 518 102 1,134 1,015 119
Past service cost/income (-) -8 -18 10 4 – 4
Curtailments -24 -24 –––
Settlements -93 -93 -101 . -101
Pension benefits paid -744 -647 -97 -733 -626 -107
Currency exchange-rate and other changes 201 2199 -18 – -18
Present value of the defined benefit obligation at December 31 17,684 15,040 2,644 16,529 14,183 2,346
Thereof pension plans financed with plan assets 16,404 13,873 2,531 15,300 13,058 2,242
Thereof pension plans financed without plan assets 1,280 1,167 113 1,229 1,125 104
Fair value of plan assets at January 1 10,624 9,197 1,427 10,110 8,796 1,314
Expected return on plan assets 609 503 106 660 568 92
Actuarial gains/losses 226 168 58 -32 -116 84
Actual return/losses on plan assets 835 671 164 628 452 176
Contributions by the employer 345 246 99 602 500 102
Contributions by plan participants 2 – 2 3 – 3
Settlements -85 -85 -89 – -89
Benefits paid -660 -572 -88 -645 -551 -94
Currency exchange-rate and other changes 116 116 15 – 15
Fair value of plan assets at December 31 11,177 9,542 1,635 10,624 9,197 1,427
Experience adjustments. The experience related adjustments,
which are the differences between the earlier actuarial assump-
tions applied and actual developments, are as shown in the
following table (based on the pension benefit plans and plan
assets at December 31):
At December 31,
2010 2009 2008 2007 2006
In millions of euros
Present value of defined benefit obligation 550 -43 -194 154 45
Fair value of plan assets 226 -32 -3,970 -238 1,685