PDF, 3.2 MB - Pfleiderer AG
PDF, 3.2 MB - Pfleiderer AG
PDF, 3.2 MB - Pfleiderer AG
Create successful ePaper yourself
Turn your PDF publications into a flip-book with our unique Google optimized e-Paper software.
The following table explains the change in the benefit obligations as reported in the consolidated<br />
financial statements as of December 31, 2004 and 2003:<br />
‘000 euros 2004 2003<br />
Benefit obligation at beginning of year 60,880 60,247<br />
Service cost 599 959<br />
Interest cost 3,206 3,267<br />
Benefits paid –3,577 –3,423<br />
Actuarial gains –1,030 –294<br />
Retrospective plan amendments 64 127<br />
Business combinations 300 0<br />
Disposals and transfers –92 –3<br />
Benefit obligation at end of year 60,350 60,880<br />
Unrecognized actuarial loss –3,351 –5,754<br />
Unrecognized prior service cost –64 –127<br />
Amount recognized in the balance sheet 56,935 54,999<br />
The following amounts are reported in the Company’s consolidated balance sheet as of<br />
December 31, 2004 and 2003:<br />
‘000 euros 2004 2003<br />
Intangible assets 64 98<br />
Accruals for pensions 59,916 57,553<br />
Accumulated other comprehensive income 2,917 2,456<br />
Pension costs, net 56,935 54,999<br />
The following table shows the pension benefits in the reporting period and in the previous year,<br />
and for those expected over the next five years (not discounted):<br />
‘000 euros<br />
Pension benefits paid<br />
2003 3,423<br />
2004 3,577<br />
Expected pension benefits<br />
2005 3,650<br />
2006 3,723<br />
2007 3,798<br />
2008 3,874<br />
2009 3,951<br />
2005–2009 18,996<br />
103<br />
FINANCIAL STATEMENTS/NOTES PFLEIDERER GROUP
Change language