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25. EMPLOYEE BENEFITS
The liabilities associated with employee benefits consist of liabilities related to defined benefit pension plans
and other liabilities relating to a number of defined contribution plans in the Netherlands and other
countries as well as jubilee benefits. They amounted to a total of:
31 DECEMBER
Note
2016
2015
Defined benefit pension plans
[25.1]
23,471
35,329
Other liabilities on account of employee benefits
6,863
8,374
Liabilities associated with employee benefits
30,334
43,703
DEFINED BENEFIT PENSION PLANS
25.1
CHARGED TO
CONSOLIDATED STATEMENT OF
DEFINED
BENEFIT
OBLIGATION
FAIR VALUE
PLAN ASSETS
SURPLUS/
DEFICIT (-)
UNFUNDED
PENSION
LIABILITIES
TOTAL
PROFIT OR
LOSS
OTHER
COMPREHENSIVE
INCOME
Balance as at 1 January 2016
753,035
734,794
- 18,241
- 5,175
- 23,416
Current service expenses
36,904
-
- 36,904
- 31
- 36,935
36,935
Interest expenses on obligation
17,384
-
- 17,384
- 103
- 17,487
17,487
Contributions received from the Group
-
39,896
39,896
-
39,896
Return on plan assets
-
16,895
16,895
-
16,895
- 16,895
Net actuarial results
38,687
33,618
- 5,069
- 219
- 5,288
5,288
Benefits paid
- 20,481
- 20,481
-
331
331
Settlement and curtailment gains PGB
and Dutch pension funds
- 641,246
- 627,986
13,260
-
13,260
- 13,260
Foreign currency exchange rate
differences and other changes
- 23,903
- 23,540
363
55
418
-
Total movement
- 592,655
- 581,598
11,057
33
11,090
24,267
5,288
Balance as at 31 December 2016
160,380
153,196
- 7,184
- 5,142
- 12,326
Limits on net plan assets as at 1 January
- 11,913
Movement in limit net plan assets
768
- 768
Limits on net plan assets as at 31 December
- 11,145
Balance as at 31 December 2016 after limits on net plan assets
- 23,471
Total result defined benefit pension plans
28,787
24,267
4,520
105
ANNUAL REPORT 2016 – BOSKALIS