Siemens 2014 Annual Report Download - page 283

247 D. Consolidated Financial Statements 337 E. Additional Information
248 D. Consolidated Statements of Income
249 D. Consolidated Statements of Comprehensive Income
250 D. Consolidated Statements of Financial Position
251 D. Consolidated Statements of Cash Flows
252 D. Consolidated Statements of Changes in Equity
254 D. Notes to Consolidated Financial Statements
330 D. Supervisory Board and Managing Board

Defined benefit costs are as follows:
Year ended September ,
(in millions of €)  
Current service cost 477 505
Past service (benefit) cost 3(9)
Settlement (gains) losses 1(7)
Net interest expenses 295 294
Net interest income (1) (3)
Liability administration expenses 816
Components of defined benefit
costs recognized in the Consolidated
Statements of Income 784 795
Return on plan assets
(excluding amounts included in net interest
expenses and net interest income) (2,098) (507)
Actuarial (gains) and losses 1,972 (47)
Effect from asset ceiling 43 (23)
Remeasurements of defined benefit plans
recognized in the Consolidated Statements
of Comprehensive Income (83) (577)
Defined benefit costs 701 218
A reconciliation of the funded status to the amounts recog-
nized in the Consolidated Statements of Financial Position is as
follows:
September ,
(in millions of €)  
Defined benefit obligation of pension
benefit plans 35,037 32,594
Defined benefit obligation of other
post-employment benefit plans 554 579
Total defined benefit obligation 35,591 33,173
Fair value of plan assets of pension
benefit plans 26,500 24,073
Fair value of plan assets of other
post-employment benefit plans 55
Total fair value of plan assets 26,505 24,078
Funded status of pension benefit plans (8,537) (8,520)
Funded status of other post-employment
benefit plans (548) (575)
Total funded status (excluding effects
in connection with asset ceiling) (9,086) (9,095)
The Company’s defined benefit plans are explicitly explained in
the subsequent sections with regard to:
>
Reconciliation of defined benefit obligations and plan assets,
> Actuarial assumptions,
> Sensitivity analysis,
> Asset-liability matching strategies,
> Disaggregation of plan assets, and
> Future cash flows.
Reconciliation for defined benefit obligations
and plan assets
A detailed reconciliation for the changes in the DBO for fiscal
 and  is provided in the following table:
Year ended September ,
(in millions of €)  
Change in defined benefit obligations:
Defined benefit obligation at beginning of year 33,173 33,650
Current service cost 477 505
Past service (benefit) cost 3(9)
Settlement (gains) losses 1(7)
Interest expenses 1,089 1,029
Remeasurements:
Actuarial (gains) losses from changes
in demographic assumptions 370 43
Actuarial (gains) losses from changes
in financial assumptions 1,602 (245)
Experience (gains) losses –156
Plan participants’ contributions 122 105
Benefits paid (1,649) (1,612)
Settlement payments (7) (67)
Business combinations, disposals and other (224) 135
Foreign currency translation effects 635 (507)
Defined benefit obligation at end of year 35,591 33,173
Thereof:
Active employees 11,360 10,767
Former employees with vested rights 4,958 4,645
Retirees and surviving dependants 19,273 17,761
Actuarial (gains) losses from changes in demographic assump-
tions include losses from modified assumptions of German and
US mortality tables of total €  million and gains of €  mil-
lion from adjusted turnover rates in Switzerland.
Actuarial (gains) losses from changes in financial assumptions
include losses from decreasing market interest rates which
were compensated by gains of total € , million from the
refined extrapolation and data selection used to derive the dis-
count rate in the major currency zones (EUR, GBP, USD, CHF).