110
Financial statements Notes to the consolidated financial statements
28. Employee benefits
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, Ireland, Greece, Austria, Italy, France, Spain, Mexico 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
ins of EUR 2010
Defined benefit obligations as at 1 January
5,935
4,96
Changes in consolidation and reclassification
286
Effect of movements in exchange rates
131
153
Benefits paid
(298)
(271)
Employee contributions
19
Current service costs and interest on obligation (see below)
411
363
Past service costs
(9)
Effect of any curtailment or settlement
(15)
Actuarial (gains)/losses
183
Defined benefit obligations as at 31 December
6,643
5,93
Movements in the present value of plan assets
2010
Fair value of plan assets as at 1 January
4,858
4,23
Changes in consolidation and reclassification
115
Effect of movements in exchange rates
127
160
Contributions paid into the plan
226
157
Benefits paid
(298)
(255)
Expected return on plan assets
298
252
Actuarial gains/(losses)
320
Fair value of plan assets as at 31 December
5,646
4,858
Actual return on plan assets
618
570
Expense recognised in profit or loss
In millions of EUR
2010
Current service costs
77
Interest on obligation
334
293
Expected return on plan assets
(298)
(252)
Actuarial gains and losses recognised
15
Past service costs
(9)
Effect of any curtailment or settlement
(15)
104
107