Porsche 2009 Annual Report Download - page 215

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The table below presents experience adjustments, meaning differences between changes in
assets and obligations expected on the basis of actuarial assumptions and actual changes in those
assets and obligations.
2009/1012008/09 thereof 2007/08 2006/07 2005/06
€ million
continuing
operations
Defined benefit obligation 8 17,222 7 760 744 758
Plan assets 0 – 3,510 0 – 41 – 43 – 37
Deficit (+)/Surplus (–) 8 13,712 7 719 701 721
Experience adjustments on pension obligation +1.7% – 0.7% +3.9% +13.1% +6.0% – 2.6%
Experience adjustments on plan assets – – 0.5% – – 1.7% +1.3% 1.0%
1 Continuing operations
[27] Non-current and current tax provisions and other provisions
31/7/2010 31/7/2009
Total thereof
continuing
operations
thereof thereof thereof
€ million
due within
one year
due within
one year
due within
one year
Income tax provisions 1,398 1,398 6,058 2,280 1,381 1,381
Other provisions 145 62 19,441 9,743 102 102
Provisions for employee expenses 11 10 2,811 1,650 68 68
Provisions for obligations arising from sales 0 0 11,205 5,584 0 0
Sundry other provisions 134 52 5,425 2,509 34 34
Provisions for employee expenses are recognized for long-service awards, time credits, the
phased retirement scheme, severance payments and similar obligations, among other things.
Provisions for obligations arising from sales primarily concerned warranty obligations, mar-
keting services and bonuses of discontinued operations. The warranty obligations in the Porsche
group mainly arose from product warranties granted for the vehicles it produces and included both
estimated expenses from legal and contractual guarantee claims as well as estimated expenses for
constructive warranty. The provisions for bonuses were calculated from the expected cost of sub-
sequent reductions in previously recognized revenue.