109 26. Employee benefits In millions of EUR 2007 2006 Present value of unfunded obligations 345 309 Present value of funded obligations 2,571 2,734 Total present value of obligation 2,916 3,043 Fair value of plan assets (2,535) (2,397) Present value of net obligation 381 646 Actuarial gains (losses) not recognised 171 (78) Recognised liability for defined benefit obligations 552 568 Other long-term employee benefits 94 97 646 665 Plan assets comprise: In millions of EUR 2007 2006 Equity securities 1,050 968 Government bonds 959 955 Properties and real estate 220 199 Other plan assets 306 275 2,535 2,397 L ibility for defined benefit obligations Heineken makes contributions to a number of defined benefit plans that provide pension benefits for employees upon retirement in a number of countries being mainly: the Netherlands, Greece, Austria, Germany, Italy, France, Spain and Nigeria. In other countries the pension plans are defined contribution p ans and/or similar arrangements for employees. C her long-term employee benefits mainly relate to long-term bonus plans, termination benefits and jubilee benefits. F averments in the present value of the defined benefit obligations In millions of EUR Note 2007 2006 med benefit obligations as at 1 January 3,043 3,121 anges in consolidation and reclassification 6 (1) (1) ect of movements in exchange rates (4) (2) B mefi'ts paid (98) (97) rrent service costs and interest on obligation (see next page) 206 209 Past service costs 1 Effect of any curtailment or settlement 4 6 Actuarial gains(235) (195) C fined benefit obligations as at 31 December 2,916 3,043 Heineken N.V. Annual Report 2007

Jaarverslagen en Personeelsbladen Heineken

Jaarverslagen | 2007 | | pagina 107