Notes to the Consolidated Financial Statements (continued)
Movement in net defined benefit obligation
Current service cost
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
y 'O Heineken N.V. Annual Report 2018
Introduction Report of the Executive Board Report of the Supervisory Boar^^^^^H Financial Statement^^^^^^^^l Sustainability Review Other 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 Note
2018
2017
2018
2017
2018
2017
Balance as at 1 January
9,088
9,170
(7,908)
(7,815)
1,180
1,355
Included in profit or loss
88
85
88
85
Past service cost/(credit)
14
5
14
5
Administration expense
4
4
4
4
Effect of any settlement
(1)
(35)
(1)
(35)
Expense recognised in personnel expenses 6.4
101
55
4
4
105
59
Interest expense/(income) 11.1
197
196
(166)
(163)
31
33
298
251
(162)
(159)
136
92
Included in OCI
Remeasurement loss/(gain):
Actuarial loss/(gain) arising from
Demographic assumptions
(177)
79
(177)
79
Financial assumptions
(329)
190
(329)
190
Experience adjustments
9
(31)
9
(31)
Return on plan assets excluding interest income
174
(327)
174
(327)
Effect of movements in exchange rates
(10)
(200)
9
165
(1)
(35)
(507)
38
183
(162)
(324)
(124)
Other
Changes in consolidation and reclassification
6
42
17
(49)
23
(7)
Contributions paid:
By the employer
(170)
(136)
(170)
(136)
By the plan participants
21
23
(23)
(23)
(2)
Benefits paid
(395)
(385)
381
385
(14)
Settlements
(51)
51
(368)
(371)
205
228
(163)
(143)
Balance as at 31 December
8,511
9,088
(7,682)
(7,908)
829
1,180