english - About Heraeus
english - About Heraeus
english - About Heraeus
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52<br />
Of the total expenses for pensions and similar obligations, € 8.7 million (previous year:<br />
€ 9.3 million) are recognized in personnel expenses. The interest expense from the interest<br />
on pension obligations of €18.2 million (previous year: €16.8 million), as well as the<br />
income from the plan assets of € 4.6 million (previous year: € 4.1 million) are shown separately<br />
in the item “financial result.” The actual income from plan assets in the reporting<br />
year totaled € 8.3 million (previous year: € 0.4 million).<br />
In addition to the defined benefit pension systems, obligations from defined contribution<br />
plans also exist. The corresponding expenses of € 9.1 million (previous year: € 7.6 million)<br />
are recognized in personnel expenses and relate primarily to foreign companies. Employer<br />
contributions of € 26.3 million (previous year: € 24.7 million) were paid to the statutory<br />
pension insurance in Germany.<br />
(14)<br />
Shareholders’ equity<br />
The retained earnings include those profits made by <strong>Heraeus</strong> Holding GmbH and the subsidiaries<br />
included in the consolidated financial statements that have not been distributed.<br />
In addition, the item includes the results of the at equity valuation of associated companies,<br />
the consolidation measures that affect net income, as well as the effects of the actuarial<br />
gains and losses from pension provisions taken to equity.<br />
The other reserves primarily include the difference from currency translation, valuation<br />
gains and losses from available-for-sale financial assets, as well as valuation gains and<br />
losses from hedging transactions and deferred taxes on items directly taken to or transferred<br />
from equity. The gains and losses recorded in the cash flow hedge reserve are<br />
transferred to profit and loss when the corresponding gains and losses from the hedged<br />
item are recognized in the income statement.<br />
The interests in equity of consolidated companies held by shareholders outside of the<br />
group are recognized under non-controlling interests.<br />
For the 2012 financial year, a dividend of € 58.8 million was suggested by the Board of<br />
Management of <strong>Heraeus</strong> Holding GmbH.