The amounts relating to defined benefit pension plans and other post retirement and termination benefits (defined benefit plans) recognized in the statement of comprehensive income in the account other expenses are as follows:
(all amounts in Euro thousands)
| |
Group |
Company |
| |
2016 |
2015 |
2016 |
2015 |
| Current service cost |
4,149 |
3,436 |
994 |
843 |
| Interest cost |
964 |
996 |
249 |
238 |
| Return on plan assets |
-431 |
-442 |
- |
- |
| |
4,682 |
3,990 |
1,243 |
1,081 |
| Additional post retirement and termination benefits paid out, not provided for |
445 |
789 |
422 |
453 |
| |
5,127 |
4,779 |
1,665 |
1,534 |
| Amounts recognized in profit before interest, taxes, depreciation, amortization and impairment |
4,594 |
4,225 |
1,416 |
1,296 |
| Amounts recognized in finance cost (note 6) |
533 |
554 |
249 |
238 |
| Amounts recognized in the income statement |
5,127 |
4,779 |
1,665 |
1,534 |
| Re-measurement losses/(gains) recognized immediately in οther comprehensive (loss)/income |
1,475 |
-2,767 |
2,067 |
-1,601 |
| Amount charged to statement of total comprehensive income |
6,602 |
2,012 |
3,732 |
-67 |
| Present value of the liability at the end of the period |
49,297 |
46,428 |
15,870 |
13,087 |
| Minus fair value of US plans assets |
-15,336 |
-15,410 |
- |
- |
| |
33,961 |
31,018 |
15,870 |
13,087 |
Liabilities' movement recognized in the statement of financial position:
| |
Group |
Company |
| |
2016 |
2015 |
2016 |
2015 |
| Opening balance |
31,018 |
31,727 |
13,087 |
14,029 |
| Total expense |
5,127 |
4,665 |
1,665 |
1,534 |
| Re-measurement losses/(gains) recognized immediately in οther comprehensive (loss)/income |
1,475 |
-2,767 |
2,067 |
-1,601 |
| Other |
59 |
- |
- |
- |
| Exchange differences |
26 |
1,451 |
- |
- |
| Benefits paid during the year |
-3,744 |
-4,058 |
-949 |
-875 |
| Ending balance |
33,961 |
31,018 |
15,870 |
13,087 |
Changes in the fair value of US plan assets:
| |
Group |
| |
2016 |
2015 |
| Fair value of plan assets at the beginning of the period |
15,410 |
14,854 |
| Expected return |
664 |
81 |
| Company contributions |
423 |
596 |
| Employee contributions |
- |
- |
| Administrative expenses |
-245 |
-191 |
| Benefits paid |
-1,411 |
-1,653 |
| Exchange difference |
495 |
1,723 |
| Fair value of plan assets at the end of the period |
15,336 |
15,410 |