Porsche 2010 Annual Report Download - page 192

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Financials
190
Actuarial assumptions
The defined benefit obligations are calculated using actuarial methods. These include assumptions
concerning future wage and salary developments and pension increases. The measurement is ba-
sed on the following assumptions:
In SFY 2010 amounts recognized in profit or loss were immaterial (prior year: service cost
of €1 million).
The table below presents the changes in the present value of the pension obligations and
the plan assets at market values. In the comparative period all plan assets were attributable to the
deconsolidated discontinued operations. Continuing operations do not have any plan assets for
defined benefit obligations.
Changes in the present value of pension obligations
Germany
% SFY 2010 2009/10
Discount rate 4.80 4.80
Increase in wages and salaries 3.00 3.00
Career progression 0.50 0.50
Increase in pensions 1.50 1.00
€ million SFY 2010 2009/10
As of 1 August 8 17,222
Exchange differences 0 137
Current service cost 0 184
Interest expenses 0 383
Past service cost 0 – 46
Actuarial gains (–) and losses (+) 1 1
Benefits paid 0 – 319
Employee contributions 0 5
Changes to consolidated group 0 – 17,559
Other changes 1 0
As of 31 December and 31 July 8 8