|
Pension Expenses. |
|
€k |
|
|
2007/2008 |
2006/2007 |
|
Current service cost |
7,173 |
8,332 |
|
Interest cost |
8,102 |
7,692 |
|
Expected return on plan assets |
–10,418 |
–9,434 |
|
Actuarial gains/losses |
4,435 |
–2,706 |
|
Returns from plan alteration |
0 |
–9,444 |
|
Past service cost |
–37 |
877 |
|
Pension expenses |
9,255 |
–4,683 |
Experience adjustments comprise a loss on pension obligations in the amount of €908k (2006/2007: gain in the amount of €2,410k) and a loss on plan assets in the amount of €16,447k (2006/2007: €1,312k).
The personnel expenses of the fiscal year include expenses for defined contribution plans in the amount of €26,731k. Included are expenses of subsidiaries in Belgium, the Netherlands and Sweden for so-called multi-employer plans. According to IAS 19, these plans have to be treated as defined benefit plans. Since the required information of the plans is not available, the plans are treated as defined contribution plans.
