talanx group annual report 2011 en

Nature of risks Notes on the balance
Notes on the balance
Notes on the
sheet – assets
sheet – liabilities
statement of income
Other information List of shareholdings
The key figures relating to defined benefit plans recognised in the balance sheet were as follows:
2011 2010 2009 2008 2007
Figures in EUR million
Projected benefit obligation 1,551 1,579 1,424 1,246 1,359
Fair value of plan assets 129 82 70 56 73
Plus (+) or minus (–) of the plan
Actuarial gains (–) or losses (+) based on
experience adjustments for:
1,422 1,497 1,354 1,190 1,286
Scale of obligation –15 –11 –3 –2 –15
Plan assets 1 –1 — 6 1
For the 2011 financial year the Group anticipates employer contributions of EUR 3 (2) million, which
will be paid into the defined benefit plans shown here.
The net periodic pension cost was recognised in the consolidated statement of income in amounts
of EUR 19 (12) million under acquisition costs and administrative expenses, EUR 74 (79) million under
other expenses and EUR 2 (1) million under other investment expenses.
Defined contribution plans are funded via external pension funds or similar institutions. In this
case, fixed contributions (e.g. based on the relevant income) are paid to these institutions and the
pension beneficiary’s claim is against the said institution; in effect, the employer has no further
obligation beyond payment of the contributions. The expense recognised for these obligations in
the year under review amounted to EUR 2 (4) million, of which EUR 1 million was attributable to
commitments to employees in key positions.
(23) Provision for taxes
The provisions for taxes can be broken down as follows:
2011 2010
Figures in EUR million
Provision for income tax 423 569
Other tax provisions 134 174
Total 557 743
Talanx Group. Annual Report 2011
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