186 / 334
E
Financial
E.4
Consolidated financial statements
Trusted partner for your Digital Journey
186
(In € million)
December
31, 2016
December
31, 2015
Change in plan assets
Fair value of plan assets at January 1st
2,871.7
2,758.0
Exchange rate impact
-309.6
169.6
Actual return on plan assets
445.4
-5.6
Employer contributions
46.9
54.0
Benefits paid by the funds
-91.0
-99.3
Settlements
-5.1
-25.2
Business combinations/(disposals)
122.7
9.8
Employees contributions
11.3
12.7
Administration costs
-0.5
-2.3
Fair value of plan assets at December 31
st
3,091.8
2,871.7
Reconciliation of prepaid/(accrued) Benefit cost
Funded status
-1,260.3
-951.1
Any other amount not recognized (asset ceiling limitation)
-3.0
-4.0
Prepaid/(accrued) pension cost
-1,263.3
-955.1
Reconciliation of net amount recognized (all plans)
Net amount recognized at beginning of year
-955.1
-1,081.2
Net periodic pension cost
-24.4
-7.4
Benefits paid by employer
29.5
30.5
Employer contributions
46.9
54.0
Business combinations/(disposals)
-80.1
-6.9
Amounts recognized in Other Comprehensive Income
-325.6
78.1
Other (exchange rate)
49.2
-22.2
Reclassification
-3.7
0.0
Net amount recognized at end of year
-1,263.3
-955.1
The development in the main countries was as follows:
(In € million)
funds
UK pension
German plans French plans
Other
Reconciliation of net amount recognized in main plans:
Net amount recognized at beginning of year
-185.6
-438.7
-203.0
-127.8
Net periodic pension cost
33.9
-19.1
-15.6
-23.6
Benefits paid by employer & employer contributions
50.0
6.7
5.0
14.7
Business combinations / disposals
-74.7
-5.4
Amounts recognized in Other Comprehensive Income
-209.6
-56.3
-54.4
-5.3
Other (exchange rate)
43.4
2.1
Net amount recognized at end of year
-267.9
-582.1
-268.0
-145.3
Defined benefit obligation at December 31
st
-2,521.9 -1,057.5
-268.5
-504.2
Fair value of plan assets at December 31
st
2,254.0
475.4
0.5
361.9
Net amount recognized at end of year
-267.9
-582.1
-268.0
-145.3
pension obligations.
The obligations in respect of benefit plans which are partially or totally funded through external funds (pension funds) were
€ 4017.6 million at December 31, 2016 and € 3,500.1 million at December 31, 2015, representing more than 92% of Group total