pdf (18.3 MB) - METRO Group
pdf (18.3 MB) - METRO Group
pdf (18.3 MB) - METRO Group
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<strong>METRO</strong> GROUP : ANNUAL REPORT 2010 : BUSINESS<br />
→ NOTES : NOTES TO ThE BAl ANCE ShEET<br />
Provisions for company pension plans in the amount of €937<br />
million (previous year: €902 million) are netted against<br />
assets for indirect pension plans, particularly in the united<br />
Kingdom and the Netherlands, of €95 million (previous year:<br />
€76 million).<br />
The pension expenses of the direct and indirect company<br />
pension plans can be broken down as follows:<br />
€ million 2010 2009<br />
Interest expense on net present value (dBO) 101 102<br />
Expected return on plan assets –41 –42<br />
Recognised actuarial gains (-)/losses (+) 26 6<br />
Service cost1 28 24<br />
Curtailment –5 0<br />
Asset limitation 0 –3<br />
Past service cost –6 1<br />
103 88<br />
1 Netted against employees’ contributions<br />
→ p. 190<br />
In addition to expenses from defined benefit pension commitments,<br />
expenses for payments to external pension providers<br />
relating to defined benefit commitments of €53 million<br />
(previous year: €48 million) were considered in the<br />
financial year 2010.<br />
The other provisions for commitments similar to pensions<br />
essentially comprise commitments from employment anniversary<br />
allowances, death benefits and pre-retirement parttime<br />
plans. Provisions amounting to €28 million (previous<br />
year: €33 million) were formed for commitments from preretirement<br />
part-time plans. The corresponding expenses<br />
amount to €5 million (previous year: €9 million).<br />
The commitments are valued on the basis of actuarial calculations.<br />
In principle, the parameters used are identical to<br />
those employed in the company pension plan.<br />
33. Other provisions (non-current)/provisions (current)<br />
In the reporting year other provisions (non-current)/provisions<br />
(current) changed as follows:<br />
Real- Obligations<br />
estate-<br />
from<br />
related merchandise<br />
€ million<br />
obligations trading Restructuring Taxes Others Total<br />
At 1/1/2010 234 157 270 189 213 1,063<br />
Currency translation 1 1 0 1 1 4<br />
Addition 132 136 110 92 171 641<br />
disposal –57 –8 –69 –18 –69 –221<br />
utilisation –59 –142 –120 –33 –106 –460<br />
Interest portion in addition/change in interest rate 5 5 2 0 20 32<br />
Transfer –40 –2 –14 –31 32 –55<br />
At 31/12/2010 216 147 179 200 262 1,004<br />
Non-current 161 13 43 162 93 472<br />
Current 55 134 136 38 169 532<br />
At 31/12/2010 216 147 179 200 262 1,004<br />
Provisions for real estate-related obligations essentially<br />
concern uncovered rental commitments in the amount of<br />
€84 million (previous year: €72 million), location risks in the<br />
amount of €72 million (previous year: €92 million), reinstatement<br />
obligations in the amount of €20 million (previous<br />
year: €20 million) as well as rental commitments in the<br />
amount of €20 million (previous year: €16 million).