Mercedes 2015 Annual Report Download - page 234
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E | CONSOLIDATED FINANCIAL STATEMENTS | NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS 241
Net periodic pension cost within
the consolidated statement of income
2015 2014
In millions of euros
Cost of sales -402 -318
Selling expenses -121 -106
General administrative expenses -68 -51
Research and non-capitalized development costs -101 -74
Other operating expense -21 –
Interest income 33
Interest expense -245 -292
-955 -838
E.52
Significant factors for the calculation of pension benefit obligations
German Plans Non-German Plans
At December 31, At December 31,
2015 2014 2015 2014
In percent
Discount rates 2.6 1.9 4.1 3.9
Expected increase in cost of living11.7 1.8 ––
1 For German Plans, expected increases in cost of living may affect – depending on the design of the pension plan – the obligation
to the Group’s active employees as well as retirees and their survivors. For most non-German Plans, expected increases in cost of living
do not have a material impact on the amount of the obligation.
E.53
E.55
Weighted average duration of the defined
benefit obligations
2015 2014
In years
German Plans 16 17
Non-German Plans 16 16
E.54
Sensitivity analysis for the present value of defined benefit pension obligation
December 31, 2015 December 31, 2014
Total
German
Plans
Non-German
Plans
Total
German
Plans
Non-German
Plans
In millions of euros
Sensitivity for discount rates + 0.25% -1,032 -889 -143 -1,210 -1,080 -130
Sensitivity for discount rates - 0.25% 1,025 903 122 1,270 1,140 130
Sensitivity for expected increase
in cost of living
+ 0.10%
77
65
12
120
110
10
Sensitivity for expected increase
in cost of living
- 0.10%
-115
-104
-11
-130
-120
-10
Sensitivity for life expectancy + 1 year 375 354 21 520 480 40
Sensitivity for life expectancy - 1 year -412 -359 -53 -540 -500 -40