Notes to the Consolidated Financial Statements continued
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Reportofthe Reportofthe Financial Other
Contents Overview Executive Board Supervisory Board Statements Information
In other countries, retirement benefits are provided to employees via defined contribution plans.
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 net defined benefit obligation over the year is as follows:
Present value of Fair value of defined Present value
defined benefit obligations benefit plan assets of net obligations
In millions of EUR Note
2015
2015
2015
Balance as at 1 January
8,909
7,674
(7,547)
(6,553)
1,362
1,121
Included in profit or loss
Current service cost
83
75
83
75
Past service cost/(credit)
(9)
(103)
(9)
(103)
Administration expense
6
4
6
4
Effect of any settlement
(2)
(7)
(2)
(7)
Expense recognised
in personnel expenses
72
(35)
6
4
78
(31)
Interest expense/fincome) 12
258
326
(214)
(277)
44
49
330
291
(208)
(273)
122
18
Included in OCI
Remeasurement loss/(gain):
Actuarial loss/(gain) arising from
Demographic assumptions
(62)
12
(62)
12
Financial assumptions
(191)
1,185
(191)
1,185
Experience adjustments
(41)
(112)
(41)
(112)
Return on plan assets
excluding interest income
166
(645)
166
(645)
Effect of movements
in exchange rates
259
257
(236)
(225)
23
32
(35)
1,342
(70)
(870)
(105)
472
Other
Changes in consolidation
and reclassification
13
(86)
32
13
(54)
Contributions paid:
By the employer
(180)
(195)
(180)
(195)
By the plan participants
26
26
(26)
(26)
Benefits paid
(370)
(338)
370
338
(331)
(398)
164
149
(167)
(249)
Balance as at 31 December
8,873
8,909
(7,661)
(7,547)
1,212
1,362
109 Heineken N.V. Annual Report 2015