105
Notes to the Consolidated Financial Statements (continued)
Movement in net defined benefit obligation
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Heineken NV.
Report of the
Report of the
Financial
Sustainability
Other
Annual Report 2016
Introduction
Executive Board
Supervisory Board
Statements
Review
Information
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
2016
2015
2016
2015
2016
2015
Balance as at 1 January
8,873
8,909
(7,661)
(7,547)
1,212
1,362
Included in profit or loss
Current service cost
86
83
86
83
Past service cost/(credit)
1
(9)
1
(9)
Administration expense
2
6
2
6
Effect of any settlement
(1)
(2)
(1)
(2)
Expense recognised
in personnel expenses
10
86
72
2
6
88
78
Interest expense/(income)
12
257
258
(217)
(214)
40
44
343
330
(215)
(208)
128
122
Included in OCI
Remeasurement loss/(gain):
Actuarial loss/(gain) arising from
Demographic assumptions
20
(62)
20
(62)
Financial assumptions
1,080
(191)
1,080
(191)
Experience adjustments
(139)
(41)
(139)
(41)
Return on plan assets
excluding interest income
(660)
166
(660)
166
Effect of movements in exchange rates
(674)
259
557
(236)
(117)
23
287
(35)
(103)
(70)
184
(105)
Other
Changes in consolidation
and reclassification
(1)
13
(1)
13
Contributions paid:
By the employer
(168)
(180)
(168)
(180)
By the plan participants
23
26
(23)
(26)
Benefits paid
(355)
(370)
355
370
(333)
(331)
164
164
(169)
(167)
Balance as at 31 December
9,170
8,873
(7,815)
(7,661)
1,355
1,212