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Notes to the Consolidated Financial Statements
Movement in net defined benefit obligation
Current service cost
Other
Q A Heineken N.V. Report of the Report of the Financial Sustainability Other
7^ Annual Report 2020 Introduction Executive Board Supervisory Board Statements Review Information
The movement in the net defined benefit obligation during 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
2020
2019
2020
2019
2020
2019
Balance as at 1 January
9,517
8,511
(8,451)
(7,682)
1,066
829
Included in profit or loss
111
81
111
81
Past service cost/(credit)
(10)
(1)
(10)
(1)
Administration expense
4
3
4
3
Effect of any settlement
(1)
(5)
(1)
(5)
Expense recognised in personnel expenses 64
100
75
4
3
104
78
Interest expense/(income) 111
145
212
(122)
(182)
23
30
245
287
(118)
(179)
127
108
Included in OCI
Remeasurement loss/(gain):
Actuarial loss/(gain) arising from
Demographic assumptions
(112)
(93)
(112)
(93)
Financial assumptions
605
1,065
605
1,065
Experience adjustments
(22)
(125)
(22)
(125)
Return on plan assets excluding interest income
(525)
(579)
(525)
(579)
Effect of movements in exchange rates
(280)
210
234
(190)
(46)
20
191
1,057
(291)
(769)
(100)
288
Changes in consolidation and reclassification
(8)
20
13
(4)
5
16
Contributions paid:
By the employer
(265)
(175)
(265)
(175)
By the plan participants
24
24
(24)
(24)
Benefits paid
(379)
(382)
379
382
Settlements
(363)
(338)
103
179
(260)
(159)
Balance as at 31 December
9,590
9,517
(8,757)
(8,451)
833
1,066
