Siemens 2006 Annual Report Download - page 202
Download and view the complete annual report
Please find page 202 of the 2006 Siemens annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.-
1 -
2
-
3
-
4
-
5
-
6
-
7
-
8
-
9
-
10
-
11
-
12
-
13
-
14
-
15
-
16
-
17
-
18
-
19
-
20
-
21
-
22
-
23
-
24
-
25
-
26
-
27
-
28
-
29
-
30
-
31
-
32
-
33
-
34
-
35
-
36
-
37
-
38
-
39
-
40
-
41
-
42
-
43
-
44
-
45
-
46
-
47
-
48
-
49
-
50
-
51
-
52
-
53
-
54
-
55
-
56
-
57
-
58
-
59
-
60
-
61
-
62
-
63
-
64
-
65
-
66
-
67
-
68
-
69
-
70
-
71
-
72
-
73
-
74
-
75
-
76
-
77
-
78
-
79
-
80
-
81
-
82
-
83
-
84
-
85
-
86
-
87
-
88
-
89
-
90
-
91
-
92
-
93
-
94
-
95
-
96
-
97
-
98
-
99
-
100
-
101
-
102
-
103
-
104
-
105
-
106
-
107
-
108
-
109
-
110
-
111
-
112
-
113
-
114
-
115
-
116
-
117
-
118
-
119
-
120
-
121
-
122
-
123
-
124
-
125
-
126
-
127
-
128
-
129
-
130
-
131
-
132
-
133
-
134
-
135
-
136
-
137
-
138
-
139
-
140
-
141
-
142
-
143
-
144
-
145
-
146
-
147
-
148
-
149
-
150
-
151
-
152
-
153
-
154
-
155
-
156
-
157
-
158
-
159
-
160
-
161
-
162
-
163
-
164
-
165
-
166
-
167
-
168
-
169
-
170
-
171
-
172
-
173
-
174
-
175
-
176
-
177
-
178
-
179
-
180
-
181
-
182
-
183
-
184
-
185
-
186
-
187
-
188
-
189
-
190
-
191
-
192 -
193 -
194 -
195 -
196 -
197 -
198 -
199 -
200 -
201 -
202 -
203 -
204 -
205 -
206 -
207 -
208 -
209 -
210 -
211 -
212 -
213
-
214
-
215
-
216
-
217
-
218
-
219
-
220
-
221
-
222
-
223
-
224
-
225
-
226
-
227
-
228
-
229
-
230
-
231
-
232
-
233
-
234
-
235
-
236
-
237
-
238
-
239
-
240
-
241
-
242
-
243
-
244
-
245
-
246
-
247
-
248
-
249
-
250
-
251
-
252
-
253
-
254
-
255
-
256
-
257
-
258
-
259
-
260
 |
 |
Notes to Consolidated Financial Statements
(in millions of €, except where otherwise stated and per share amounts)
198
Other postretirement benefits: Components of net periodic benefit cost
The components of the net periodic benefit cost for other postretirement benefits for the years
ended September 30, 2006 and 2005 are as follows:
Other postretirement benefits: Assumptions used in the calculation of the APBO and
net periodic benefit cost
Discount rates and other key assumptions used for transition payments in Germany are the
same as those utilized for domestic pension benefit plans.
The weighted-average assumptions used in calculating the actuarial values for the post-
retirement healthcare and life insurance benefits, primarily in the U.S., are as follows:
The health care assumptions may be significantly influenced by the expected progression
in health care expense. A one-percentage-point change in the healthcare trend rates would
have resulted in the following increase/(decrease) of the accumulated postretirement benefit
obligation and the service and interest cost as of and for the year ended September 30, 2006:
Year ended September 30, 2006 Year ended September 30, 2005
Total Domestic Foreign Total Domestic Foreign
Service cost 27 15 12 26 14 12
Interest cost 43 18 25 52 23 29
Amortization of:
Unrecognized prior service benefits (9) – (9) (10) – (10)
Unrecognized net (gains)/losses (22) (19) (3) (19) (15) (4)
Net gain due to settlements and curtailments – – – (4) – (4)
Net periodic benefit cost 39 14 25 45 22 23
Year ended September 30,
2006 2005
Discount rate 6.5% 5.25%
Medical trend rates (initial/ultimate/year):
Medicare ineligible pre-65 10%/5%/2011 9%/5%/2010
Medicare eligible post-65 10%/5%/2011 9%/5%/2010
Fixed dollar benefit 4.5% 4.5%
Dental trend rates (initial/ultimate/year) 6%/5%/2021 6%/5%/2021
September 30, 2006
one-percentage-point
increase decrease
Effect on accumulated postretirement benefit obligation 45 (39)
Effect on total of service and interest cost components 4 (3)