annual report 2008 Pelikan Holding AG
annual report 2008 Pelikan Holding AG
annual report 2008 Pelikan Holding AG
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<strong>Pelikan</strong> Group<br />
20. Other short term liabilities<br />
CHF (000) <strong>2008</strong> 2007<br />
Payables to parent company and its related companies (related parties)<br />
<strong>Pelikan</strong> International Corporation Berhad, Malaysia 4,344 5,587<br />
Others 3,808 1,258<br />
8,152 6,845<br />
Payables to third parties<br />
Income taxes payable 1,781 1,645<br />
Others 29,897 34,201<br />
31,678 35,846<br />
Payables to associated companies 620 -<br />
Total 40,450 42,691<br />
21. Provisions for pensions and similar commitments<br />
CHF (000) <strong>2008</strong> 2007<br />
Change of present value of the defined benefit obligation<br />
Balance at January 1 93,024 91,859<br />
Current service cost 315 277<br />
Interest cost 4,741 4,331<br />
Actuarial gain / (loss) of financial period 800 210<br />
Payments to pensioners (9,156) (9,635)<br />
Other movements (e.g. transfers) 2,714 291<br />
Forex (9,398) 5,663<br />
Ending Balance at Dec. 31, <strong>2008</strong> 83,040 92,996<br />
Change of fair value of the assets<br />
Balance at January 1 1,631 1,650<br />
Expected return on assets 149 97<br />
Actuarial gain / (loss) of financial period 846 31<br />
Employee's contribution 102 98<br />
Employer's contribution 218 198<br />
Insurance benefit 82 -<br />
Other movements (e.g. transfers) 1,397 (259)<br />
Pension payments from plan assets (115) (126)<br />
Forex (187) (31)<br />
Ending Balance at Dec. 31, <strong>2008</strong> 4,122 1,659<br />
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