Mercedes 2013 Annual Report Download - page 189

193
F | Consolidated Financial Statements | Notes to the Consolidated Financial Statements
Obligations for part-time early retirement. As a result of the
revised definition of termination benefits provided in IAS 19,
the top-up amounts agreed in the framework of the part-time
early retirement agreements now represent other long-term
employee benefits. The pro-rata accumulation of top-up
amounts over the relevant active service period of employees
who receive part-time early retirement benefits leads
to a reduction in provisions for part-time early retirement.
Table  F.06 shows the effects of the application of IAS 19
on the line items of the consolidated statement of financial
position as of January 1, 2012 and December 31, 2012.
The effects on the consolidated statement of income
for 2012 are presented in table  F.07.
Basic and diluted earnings per share each increased
in 2012 by €0.31.
Table  F.08 and  F.09 show the effects on the Group’s
consolidated statement of financial position and consolidated
statement of income if the Group had not applied IAS 19R
as of January 1, 2013.
Diluted and undiluted earnings per share decreased
in 2013 by €0.46.
The EBIT effect from the retention of IAS 19 mainly results
from the disposal of the investment in European Aeronautic
Defence and Space Company EADS N.V. (EADS). If the corridor
method had still been applied, the equity investment would
have been increased by the actuarial losses. As a result, this
would have led to a decreased disposal result.
The changeover to the revised IAS 19 led to a review of
the calculation of the pension obligations for part-time early
retirement benefits. Subsequently, the obligations from the
outstanding settlement amount pursuant to IAS 8.42 recorded
as of December 31, 2012 and January 1, 2012 were adjusted
by €58 million and €48 million, respectively. The effects after tax
on equity amount to €41 million and €34 million, respectively.
The effects on the consolidated statement of income and on
earnings per share in 2012 are not material.
According to amendments to IAS 1 Presentation of Items
of Other Comprehensive Income, items of other comprehensive
income that may be reclassified to profit and loss have
to be disclosed separately from items of other comprehensive
income that will not be reclassified to profit or loss. Daimler
applies these changes in disclosures since January 1, 2013.
F.06
Effects of the revised IAS 19 on the consolidated statement
of financial position
December 31, January 1,
2012 2012
In millions of euros
Investments accounted for using
the equity method -342 -357
Other assets -33 -37
Total equity -6,139 -4,045
Provisions for pensions and similar obligations 8,264 4,682
Provisions for other risks -347 -334
Balance of deferred tax assets
and deferred tax liabilities -2,153 -697
F.08
Effects of the retention of IAS 19 on the consolidated statement
of financial position
December 31, 2013
In millions of euros
Investments accounted for using the equity method -51
Other assets 33
Total equity 4,558
Provisions for pensions and similar obligations -6,708
Provisions for other risks 413
Balance of deferred tax assets and deferred tax liabilities 1,719
F.09
Effects of the retention IAS 19 on the consolidated statement
of income
2013
In millions of euros
EBIT -492
Interest result -62
Income taxes 59
Net profit -495
Effects of the revised IAS 19 on the consolidated statement of income
2012
In millions of euros
Cost of sales -27
Selling expenses -4
General administrative expenses -1
Share of profit/loss from investments accounted
for using the equity method, net 208
Other financial expense, net 39
Interest result 193
Income taxes -66
Net profit 342
F.07