Matth. Hohner AG
Matth. Hohner AG
Matth. Hohner AG
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Notes to the Consolidated Financial Statements for Business Year 2010/2011<br />
Development of the defined benefit obligations:<br />
2010/2011 2009/2010<br />
TEUR TEUR<br />
Present value of unfunded<br />
benefit obligations as of April 1 4,630 4,663<br />
Current service cost 8 24<br />
Interest cost 216 260<br />
Pension payments -457 -464<br />
Actuarial loss (+)/gain (-) during the reporting period 83 149<br />
Exchange rate differences from foreign pension plans -5 -2<br />
Present value of unfunded benefit obligations as of March 31 4,475 4,630<br />
Less present value of unfunded benefit obligations as of March 31<br />
(calculated using actuarial assumptions as of April 1) -4,429 -4,331<br />
Actuarial loss (-)/gain (+) during the reporting period -65 -149<br />
Experience adjustments during the reporting period -19 150<br />
The present values of the defined benefit obligations are shown in the following table:<br />
March<br />
31, 2011<br />
March<br />
31, 2010<br />
March<br />
31, 2009<br />
March<br />
31, 2008<br />
March<br />
31, 2007<br />
TEUR TEUR TEUR TEUR TEUR<br />
Present value of the defined<br />
benefit obligation<br />
4,475 4,630 4,663 5,158 5,343<br />
Accumulated actuarial<br />
losses (+)/gains (-)<br />
-39 -121 -270 50 120<br />
Experience adjustments -19 150 246 -81 58<br />
Accumulated actuarial gains and losses with an amount of TEUR 49 (prior year: TEUR 106) were directly taken<br />
into equity. On the balance sheet date the long-term share of pension provisions amounts to 4,008<br />
(prior year: TEUR 4,162).<br />
Other non-current provisions<br />
As of April<br />
1, 2010<br />
Used Reversed Increased As of March<br />
31, 2011<br />
TEUR TEUR TEUR TEUR TEUR<br />
Personnel-related 85 7 5 0 73<br />
Other 23 0 0 282 305<br />
108 7 5 282 378<br />
As of April<br />
1, 2009<br />
Used Reversed Increased As of March<br />
31, 2010<br />
TEUR TEUR TEUR TEUR TEUR<br />
Personnel-related 217 142 0 10 85<br />
Other 23 0 0 0 23<br />
240 142 0 10 108<br />
The majority of personnel provisions concern settlement payments. Other provisions take into account<br />
provisions for costs of lawsuits and archiving.<br />
12. Trade payables and accruals and other liabilities<br />
Trade payables are interest-free and are generally due within 30 days. Accruals and other liabilities (current)<br />
are not subject to interest and comprise – among others – personnel obligations (TEUR 2,214; prior year: TEUR<br />
2,123), bonuses (TEUR 466; prior year: TEUR 439), outstanding invoices (TEUR 389; prior year: TEUR 228)<br />
as well as tax liabilities (TEUR 277; prior year: TEUR 263) as of March 31, 2011.<br />
The existing non-current other liabilities account for liabilities to the German “Pensionssicherungsverein”.<br />
13. Current provisions<br />
Current provisions for pensions<br />
In the consolidated balance sheet under the current provisions an amount of TEUR 467 (prior year: TEUR 468)<br />
falls upon provisions for retirement.<br />
Notes to the CoNsolidated FiNaNCial statemeNts Notes to the CoNsolidated FiNaNCial statemeNts<br />
99
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