28. Employee benefits Principal actuarial assumptions as at the balance sheet date Historical information 126 Annual Report 2009 - Heineken N.V. Financial Statements Notes to the consolidated financial statements For the other defined benefit plans the following actuarial assumptions apply as at 31 December 2009: Other Western, Central and Eastern Europe 2009 The Americas 2009 2008 Africa and the Middle East 2009 2008 Asia Pacific 2009 Discount rate as at 31 December 3.3-5.6 4.5-6.2 5.3-7 5.5-6.5 11 12 - 2.5-12 Expected return on plan assets as at 1 January 3.5-6.6 4.5-7 6.5 11 4.6 - 2.5-8 Future salary increases 1.5-3.5 2.9-12 2.5-5.5 0.5-5.5 11 11 3-10 Future pension increases 1-3 1.5-5 3.5 11 8 Medical cost trend rate 3.5-4.5 5 10 Assumptions regarding future mortality rates are based on published statistics and mortality tables. The overall expected long-term rate of return on assets is 6.1 per cent (2008: 6.0 per cent), which is based on the asset mix and the expected rate of return on each major asset class, as managed by the pension funds. Assumed healthcare cost trend rates have nihil effect on the amounts recognised in the income statement. A one percentage point change in assumed healthcare cost trend rates would not have any effect on the income statement neither on the statement of financial position as at 31 December 2009. The Group expects the 2010 contributions to be paid for the defined benefit plans to be approximately 20 per cent higher than in 2009. In millions of EUR2009 2008 2007 2006 Present value of the defined benefit obligation 5,936 4,963 2,858 2,984 Fair value of plan assets (4,858) (4,231) (2,535) (2,397) Deficit in the plan 1,078 732 323 587 Experience adjustments arising on plan liabilities, losses/(gains) (116) 71 (4) (159) 313 (817)

Jaarverslagen en Personeelsbladen Heineken

Jaarverslagen | 2009 | | pagina 122