Mercedes 2012 Annual Report Download - page 228
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237
7 | Consolidated Financial Statements | Notes to the Consolidated Financial Statements
Assumptions used to determine net periodic pension cost
German plans Non-German plans
2012 2011 2012 2011
In %
Discount rates 4.7 5.0 4.3 4.7
Expected long-term returns on plan assets 4.4 5.4 6.3 6.5
Expected long-term remuneration increases1––3.6 4.1
Expected increase in cost of living21.7 1.7 ––
1 For most German plans, expected increases in long-term remuneration are not a part of the benefit formula.
2 For most non-German plans, expected increases in cost of living are not a part of the benefit formula.
7. 5 8
Components of net period pension cost
2012 2011
Total
German plans
Non-German
plans
Total
German plans
Non-German
plans
In millions of euros
Current service cost -404 -320 -84 -354 -282 -72
Interest cost -864 -734 -130 -849 -730 -119
Expected return on plan assets 589 470 119 653 546 107
Amortization of net actuarial losses -162 -136 -26 -97 -77 -20
Past service cost/income -2 – -2 –––
Curtailments and settlements -2 – -2 -9 – -9
-845 -720 -125 -656 -543 -113
7. 5 9
Net period pension cost within the consolidated statement of income
2012 2011
In millions of euros
Cost of sales -264 -218
Selling expenses -42 -71
General administrative expenses -68 -33
Research and non-capitalized development costs -34 -41
Interest income 589 653
Interest expense -1,026 -946
-845 -656
7. 6 0
Provisions for other risks
Product
warranties
Personnel and
social costs
Other
Total
In millions of euros
Balance at December 31, 2011 5,608 3,110 3,707 12,425
Thereof current 2,694 1,679 2,426 6,799
Thereof non-current 2,914 1,431 1,281 5,626
Additions 2,221 1,371 2,171 5,763
Utilizations -2,582 -1,394 -1,764 -5,740
Reversals -319 -170 -489 -978
Addition of accrued interest and effects of changes in discount rates 203 236 104 543
Currency translation and other changes -41 -148 -35 -224
Balance at December 31, 2012 5,090 3,005 3,694 11,789
Thereof current 2,562 1,323 2,428 6,313
Thereof non-current 2,528 1,682 1,266 5,476
7. 61