Movements in the present value of plan assets
1 millions of EUR 20092008
Fair value of plan assets as at 1 January
4,231
2,535
Changes in consolidation and reclassification
(5)
2,737
Effect of movements in exchange rates
160
(450)
Contributions paid into the plan
157
177
Benefits paid
(255)
(199)
Expected return on plan assets
252
241
Actuarial gains/(losses)
318
(810)
Fair value of plan assets as at 31 December
4,858
4,231
Actual return on plan assets
570
(569)
1 xpense recognised in the income statement
In millions of EUR
Note
2009
2008
Current service costs
70
75
Interest on obligation
293
258
Expected return on plan assets
(252)
(241)
Actuarial gains and losses recognised
-
(1)
Past service costs
12
5
Effect of any curtailment or settlement
(16)
(18)
10
107
78
f rincipal actuarial assumptions as at the balance sheet date
1 he defined benefit plans in The Netherlands and the UK cover 88.8 per cent of the present value of the
p lan assets (2008: 88.6 per cent), 86.3 per cent of the present value of the defined benefit obligations (2008:
83.5 per cent) and 75.1 per cent of the deficit in the plans as at 31 December 2009 (2008: 54.3 per cent). For the
etherlands and the UK the following actuarial assumptions apply as at 31 December 2009:
The Netherlands
UK
2009
2008
2009
2008
scount rate as at 31 December
5.3
5.6
5.7
6.7
xpected return on plan assets as at 1 January
6.3
5.9
6.3
5.7
uture salary increases
3
3
4.8
4
jture pension increases
1.5
1.5
3
2.8
edical cost trend rate
-
7
7
Annual Report 2009 - Heineken N.V.
