Siemens 2008 Annual Report Download - page 264

168 Notes to Consolidated Financial Statements
(in millions of €, except where otherwise stated and per share amounts)
The following table shows a detailed reconciliation of the changes in the benet obligation for other post-
employment benets for the years ended September 30, 2008 and 2007:
Other post-employment benets: Plan assets
The following table shows the change in plan assets for scal 2008 and 2007:
Other post-employment benets: Components of NPBC
The components of the NPBC for other post-employment benets for the years ended September 30, 2008 and
2007 are as follows:
Net periodic benet cost for scal 2008 in the table above includes €5 related to discontinued operations.
The amount includes €3 settlement loss as a result from the disposal of the SV and SEN pension liabilities and
€2 other net periodic pension cost of SV and SEN.
September 30, 2008 September 30, 2007
Total Domestic Foreign Total Domestic Foreign
Change in benet obligations:
Dened benet obligation at beginning of year 779 321 458 845 429 416
Foreign currency exchange rate changes (7) – (7) (42) – (42)
Service cost 18 10 8 24 12 12
Interest cost 38 16 22 42 16 26
Settlements and curtailments (3) (7) 4 – – –
Plan amendments and other – – – 69 – 69
Actuarial (gains) losses (27) (14) (13) (33) (36) 3
Acquisitions – – – 12 – 12
Divestments (79) (1) (78) (69) (68) (1)
Benets paid (69) (37) (32) (69) (32) (37)
Defined benefit obligation at end of year 650 288 362 779 321 458
September 30, 2008 September 30, 2007
Total Domestic Foreign Total Domestic Foreign
Change in plan assets:
Fair value of plan assets at beginning of year 3 – 3 3 – 3
Employer contributions 32 – 32 37 – 37
Benets paid (32) – (32) (37) – (37)
Fair value of plan assets at year end 3 – 3 3 – 3
Year ended September 30, 2008 Year ended September 30, 2007
Total Domestic Foreign Total Domestic Foreign
Service cost 18 10 8 24 12 12
Interest cost 38 16 22 42 16 26
Amortization of unrecognized past service cost
(benets) 1 – 1 – – –
Loss (gain) due to settlements and curtailments (3) (7) 4 – – –
Net periodic benefit cost 54 19 35 66 28 38