DHL 2008 Annual Report Download - page 170

Deutsche Post World Net Annual Report 2008
44.7 Funded status
 e funded status is recognised with the amounts of the
Deutsche Postbank Group included.
€ m 2005 2006 2007 2008
Total Total Total Total
Present value of defi ned benefi t
obligations at 31 December 14,501 15,205 13,529 12,246
Fair value of plan assets at 31 December – 7,049 – 7,784 – 7,772 – 6,235
Funded status 7,452 7,421 5,757 6,011
Excluding the amounts of the Deutsche Postbank Group
would result in a present value of de ned bene t obligations of
 , million as at  December , a fair value of plan assets
of  , million and a funded status of  , million in total.
44.6 Changes in the fair value of plan assets
€ m
United
Kingdom
Deutsche
Germany Other
Postbank
Group Total
2008
Fair value of plan assets at 1 January 1,914 4,048 1,418 392 7,772
Employer contributions 215 56 44 7322
Employee contributions 021 13 034
Expected return on plan assets 74 243 82 16 415
Gains (+) / losses (–) on plan assets – 8 – 760 – 273 – 6 – 1,047
Benefi t payments – 203 – 162 – 62 – 17 – 444
Transfers 036 0 0 36
Acquisitions 00000
Settlements 0 0 – 11 0– 11
Currency translation effects 0– 888 46 0– 842
Fair value of plan assets at 31 December 1,992 2,594 1,257 392 6,235
Reclassifi cation in accordance with IFRS 5 0 0 0 – 392 – 392
Fair value of plan assets at 31 December 1,992 2,594 1,257 05,843
2007
Fair value of plan assets at 1 January 1,852 4,177 1,374 381 7,784
Employer contributions 200 67 45 16 328
Employee contributions 022 13 035
Expected return on plan assets 71 272 79 17 439
Gains (+) / losses (–) on plan assets – 10 62 – 11 – 7 34
Benefi t payments – 199 – 193 – 53 – 26 – 471
Transfers 0 0 17 118
Acquisitions 026 011 37
Settlements 0 0 – 12 0– 12
Currency translation effects 0– 385 – 34 – 1 – 420
Fair value of plan assets at 31 December 1,914 4,048 1,418 392 7,772
Due to the crisis on the  nancial markets all other plans –
mainly with the exception of the German bene t plans – generated
a negative return in ; the total return (before exchange losses)
was at approximately –   (around   million). Exchange losses
in the British bene t plans in particular reduced the plan assets
expressed in euros additionally by around   (around   mil-
lion). An equally large gain is, however, recognised on the bene t
obligations.
 e plan assets are composed of  xed-income securities ( ;
previous year:  ), equities and investment funds ( ; previous
year:  ), real estate ( ; previous year:  ), cash and cash equiva-
lents ( ; previous year:  ), insurance contracts ( ; previous year:
 ) and other assets ( ; previous year:  ).   of the real estate
(previous year:  ) has a fair value of  , million (previous year:
 , million) and is owner-occupied by Deutsche Post .
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