Notes to the consolidated financial statements | in millions of euros, unless stated otherwise Toelichting op de geconsolideerde jaarrekening
Present value of pension benefits At 1 January Consolidation and deconsolidation Increase in present value of pension benefits Past-service costs Interest Benefits paid Currency translation differences Made non-contributory in connection with sale Actuarial gains and losses At 31 December Funded pension benefits Pension benefits not yet funded At 31 December Movements in fair value of plan assets At 1 January Expected return on plan assets Contributions received Benefits paid Transfer of pension obligations (single premiums) Actuarial gains and losses At 31 December Unrecognised actuarial gains and losses At 1 January Present value of pension benefits Plan assets Actual gains and losses Release due to transfer of pension obligations At 31 December
2009
2008
1,862 -3 55
0 278 2,221
1,876 1 46 15 100 - 65 -2 -6 - 103 1,862
0 2,031 190 2,221
0 1,676 186 1,862
0
0
1,569 87 55 - 75 109 1,745
1,863 115 65 - 65 -4 - 405 1,569
0
0
- 115 - 278 109 1
189 103 - 405 -3 1 - 115
103 - 75 1
- 283 0
Past-service costs not yet recognised At 1 January Amortisation At 31 December
17 -2 15 0,0
Pension costs recognised through profit or loss Increase in present value of pension benefits Past-service costs Interest Expected return on plan assets Amortisation of past-service costs Actuarial gains and losses Gain/loss on transfer of pension obligations Made non-contributory in connection with sale Expense item disclosed in income statement for IAS 19-based defined benefit plans Pension costs for defined contribution plans and contributions to multi-employer pension plans Employees’ share in pension costs
55 0 103 - 87 2 1
74 18 -5 87
0
18 -1 17 0,0
46 15 100 - 115 1 -3 5 -6 43 23 -5 61
The multi-employer plans are defined benefit plans but the funds are unable to provide FrieslandCampina with the required information and so the related contributions are recognised as being for defined contribution plans. Contributions may increase in the next few years as a result of the situation in the financial markets. FrieslandCampina expects to contribute EUR 78 million to its defined benefit plans in 2010.
Royal FrieslandCampina N.V.
93