115
HEINEKEN N.V. ANNUAL REPORT 2008
Plan assets comprise:
In millions of EUR
Equity securities
Government bonds
Properties and real estate
Other plan assets
2008
2007
1,593
1,955
333
350
1,050
959
220
306
4,231
2,535
Liability 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, the UK, Greece, Austria,
Germany, Italy, France, Spain and Nigeria. In other countries the pension plans are defined contribution
plans and/or similar arrangements for employees.
Other long-term employee benefits mainly relate to long-term bonus plans, termination benefits and
jubilee benefits.
Movements in the present value of the defined benefit obligations
nillions of EUR Note 2008 2007
•fined benefit obligations as at 1 January 2,858 2,984
aanges in consolidation and reclassification 2,973 (1)
feet of movements in exchange rates (494) (4)
Benefits paid (199) (98)
irrent service costs and interest on obligation (see below) 333 204
ast service costs 5 1
feet of any curtailment or settlement (18) 4
tuarial gains/flosses) (495) (232)
efined benefit obligations as at 31 December4,9632,858
i ovements in the present value of plan assets
nillions of EUR20082007
ir value of plan assets as at 1 January 2,535 2,397
langes in consolidation and reclassification 2,737
feet of movements in exchange rates (450)
1 antributions paid into the plan 177 91
anefits paid (199) (98)
I tpected return on plan assets 241 129
atuarial gains/(losses) (810) 19
i air value of plan assets as at 31 December 4,231 2,535
ctual return on plan assets (569) 148
<pense recognised in the income statement
nillions of EUR Note 2008 2007
urrent service costs 75 71
terest on obligation 258 133
<pected return on plan assets (241) (129)
ctuarial gains and losses recognised (1)
ast service costs 5 1
feet of any curtailment or settlement(18)4
78
82
