(18) Accruals for Pensions and Similar Commitments


 

 

€k

 

Sept. 30, 2008

Sept. 30, 2007

Present value of unfunded obligations

14,893

15,931

Present value of funded obligations

167,516

167,866

Market value of plan assets

–174,841

180,429

Past service cost not included in profit and loss

1,014

0

Net liabilities

8,582

3,368

Amount recognized as asset

7,169

12,655

Accruals for pensions and similar commitments

15,751

16,023

For certain groups of employees of Wincor Nixdorf Group retirement benefit schemes are available. Schemes vary depending on the legal, economic and tax environments of the respective country. The greater part of them qualify as defined benefit plans.

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