231
The changes in pension fund obligations are as follows:
The changes in pension fund assets are as follows:
At 31 December 2012, pension fund assets were made up
of equity funds (46.87%), bonds (48.52%) and other assets
(4.61%). The expected return is basically in line with the
results achieved in the previous year.
At 31 December 2011, pension fund assets were made up
of equity funds (42.13%), bonds (44.71%) and other assets
(13.16%). The expected return was 7.53% for equity funds,
3.78% for bonds and 11.98% for other assets.
(in millions of Euro)
2012
2011
Opening obligations
396
136
Business combinations
-
241
Current service costs
6
4
Interest costs
19
17
Actuarial (gains)/losses recognised in equity
68
13
(Gains)/losses recognised in equity for unrecognised assets
1
2
Currency translation differences
2
2
Contributions paid in by plan participants
1
1
Utilisations for restructuring (curtailment)
(1)
(1)
Plan settlements
-
(3)
Reclassifications
-
-
Utilisations
(23)
(16)
Total movements
73
260
Closing obligations
469
396
(in millions of Euro)
2012
2011
Opening assets
208
45
Business combinations
-
172
Interest income
12
11
Actuarial gains/(losses) recognised in equity
13
(4)
Currency translation differences
2
3
Employer contributions
(21)
(17)
Contributions paid in by plan participants
15
14
Plan settlements
-
(3)
Asset ceilings
(1)
(13)
Total movements
20
163
Closing assets
228
208
