Employer contributions were conducted to the plan assets amounting to €2,301k (2006/2007: €1,795k). Besides, in the previous year, the CTA was funded by a further €7,454k. For fiscal 2008/2009, employer contributions in the amount of €1,616k are expected.
|
Change in Plan Assets. |
|
€k |
|
|
2007/2008 |
2006/2007 |
|
Fair value of plan assets as of October 1 |
180,429 |
163,626 |
|
Expected return on plan assets |
10,418 |
9,434 |
|
Actuarial gains/losses |
–16,447 |
–1,312 |
|
Member contributions |
766 |
775 |
|
Employer contributions |
2,301 |
9,249 |
|
Pension payments |
–1,710 |
–185 |
|
Exchange rate differences |
–916 |
–1,158 |
|
Fair value of plan assets as of September 30 |
174,841 |
180,429 |
Plan assets were invested in the following assets:
|
|
|
|
|
|
Sept. 30, 2008 |
Sept. 30, 2007 |
|
Shares |
22.8% |
29.1% |
|
Debt instruments |
32.6% |
31.7% |
|
Real estate |
8.8% |
8.5% |
|
Short-term financial investments |
35.8% |
30.7% |
Plan assets do not contain any own financial instruments or real estate currently used by the Company.
Amounts recognized for the current and the previous periods for the defined benefit plans as per September 30 are as follows:
|
|
|
|
|
|
€k |
|
|
2008 |
2007 |
2006 |
2005 |
2004 |
|
Present value of defined benefit obligation |
182,409 |
183,797 |
182,613 |
141,494 |
123,045 |
|
Fair value of plan assets |
174,841 |
180,429 |
163,626 |
18,559 |
14,532 |
|
Funded status |
–7,568 |
–3,368 |
–18,987 |
–122,935 |
–108,513 |
In fiscal 2005/2006, Wincor Nixdorf created plan assets according to IAS 19 as part of a Contractual Trust Arrangement by transferring assets to a registered association in the amount of €128,931k.
The expected return on plan assets is determined based on a weighted average of 5.8% (2006/2007: 5.8%) and shown within the functional cost headings. The actual result on plan assets was –€6,029k (2006/2007: €8,122k). The expected return on plan assets is derived from returns generated in the past and long-term expected returns of assets included in the plan asset.
