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Report of the Report of the
Contents Overview Executive Board Supervisory Board
Financial
statements
Other information
28. Employee benefits
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, medical plans and jubilee benefits.
Movement in net defined benefit obligation
The movement in the defined benefit obligation over the year is as follows:
Present value of defined Fair value of defined benefit Present value of net
benefit obligations plan assets obligations
In millions of EUR Note
2013
2012*
2013
2012*
2013
2012*
Balance as at 1 January
7,844
6,843
(6,401)
(5,860)
1,443
983
Included in profit or loss
Current service cost
80
60
80
60
Past service cost/(credit)
(42)
(43)
(42)
(43)
Administration expense
3
3
3
3
Expense recognised
in personnel expenses
38
17
3
3
41
20
Interest expense/fincome) 12
288
330
(232)
(277)
56
53
326
347
(229)
(274)
97
73
Included in OCI
Remeasurement loss/(gain):
Actuarial loss/(gain) arising from
Demographic assumptions
16
116
16
116
Financial assumptions
(167)
907
(167)
907
Experience adjustments
(6)
(170)
(6)
(170)
Return on plan assets excluding
interest income
(106)
(336)
(106)
(336)
Effect of movements in exchange rates
(100)
99
76
(30)
(73)
(24)
26
(257)
952
(409)
(287)
543
Other
Changes in consolidation
and reclassification
48
(1)
5
1
53
Contributions paid:
By the employer
(185)
(156)
(185)
(156)
By the plan participants
26
26
(26)
(26)
Benefits paid
(313)
(323)
313
323
(239)
(298)
107
(6,553)
142
(132)
1,121
(156)
Balance as at 31 December
7,674
7,844
(6,401)
1,443
*Restated for the revised IAS 19.
The defined benefit plan in the Netherlands was amended to reflect changes in legal reguirements. From 1 January 2014 the target
retirement age went up from 65 to 67 and the maximum build-up rate was changed to the maximum rate allowed under the law of
2.15 per cent. Asa result, the defined benefit obligation in the Dutch plan decreased by EUR30 million. A corresponding past service
credit was recognised in profit or loss during 2013.
In Mexico, a curtailment gain was recognised as a result of a reduction in the number of employees covered by the plan following
a restructuring.
Heineken N.V. Annual Report 2013
106
