Siemens 2007 Annual Report Download - page 262

262 Notes to Consolidated Financial Statements
(in millions of €, except where otherwise stated and per share amounts)
The plan assets include domestic real estate with a fair value of €270 and €369
as of September 30, 2007 and 2006, respectively, which is occupied by the Com-
pany.
The following table shows the actual return on plan assets for fi scal 2007
and 2006:
The actual return over the last twelve months amounted to 5.6% or €1,295
compared to an expected return of 6.5% or €1,513. The experience adjustment
arising on plan assets was (0.9)% in fi scal 2007 (fi scal 2006: (0.3)%). For the
domestic pension plans, €578 or 4.0% was realized, as compared to an expected
return on plan assets of 6.5% or an amount of €947 that was included in the NPBC.
For the foreign pension plans, €717 or 8.2% was realized, as compared to an
expected return on plan assets of 6.5% or an amount of €566 that was included in
the NPBC.
Pension benefi ts: Pension plan funding
Contributions made by the Company to its principal pension benefi t plans in fi scal
2007 and 2006, as well as those planned in fi scal 2008 are as follows:
Regular funding is generally based on the level of service cost incurred. For
the BSAV funding corresponds to the contributions to the benefi ciaries’ account.
Future funding decisions for the Company’s pension plans will be made with due
consideration of developments affecting plan assets and pension liabilities, taking
into account minimum funding requirements abroad and local tax deductibility.
Year ended September 30, 2007 Year ended September 30, 2006
Total Domestic Foreign Total Domestic Foreign
Actual return on plan assets 1,295 578 717 1,366 741 625
(Unaudited) Year ending
September 30, 2008 (expected) Year ended September 30, 2007 Year ended September 30, 2007
Total Domestic Foreign Total Domestic Foreign Total Domestic Foreign
Regular funding 618 113 505 837 271 566 730 320 410
Supplemental cash Contributions – – – – – – – – –
Total 618 113 505 837 271 566 730 320 410