68
Defined benefit plans
2017 2016
The amounts recognized in the consolidated balance sheet are determined
as follows:
Present value of funded obligations 827 796
Fair value of plan assets -663 -662
164 134
Defined benefit plans
2017 2016
The amounts recognized in consolidated comprehensive income are as follows:
Costs pertaining to service during the current year 29 20
Interest expenses 17 17
Interest income -15 -14
Employees' contributions paid -3 -2
Total, included in employee costs (Note 6) 28 21
Pension costs
2017 2016
Total pension costs recognized in the consolidated income statement are as follows:
Total costs for defined contribution plans including employer's contribution 76 89
Total 76 89
Defined benefit plans
2017 2016
Movement in the net liability recognized in the consolidated balance sheet:
Net liability at start of year 134 128
Net cost recognized in the income statement 28 21
Benefits paid -10 -9
Disbursement of funds from the foundation 10 9
Contributions by employer to funded obligations -25 -24
Revaluation of defined benefit pension plans based on changed assumptions 15 -5
Exchange rate differences on foreign plans 2 4
Reclassifications 10 10
Net liability at year-end 164 134
Defined benefit plans
2017 2016
Asset distribution in foundation on reporting date (%):
Fixed income 39 36
Shares 21 19
Properties 5 5
Alternative investments 35 40
The entire pension obligation in the Netherlands concerns alternative investments.
Defined benefit plans
2017 2017
The Netherlands Sweden
The principal actuarial assumptions used on reporting date (%):
Discount rate 1.85 2.90
Future annual salary increases 2.35 2.80
Future annual pension increases 1.00 2.80
Employee turnover 4.00 5.00
Defined benefit plans
2016 2016
The Netherlands Sweden
The principal actuarial assumptions used on reporting date (%):
Discount rate 1.80 3.00
Future annual salary increases 2.35 2.80
Future annual pension increases 1.00 2.80
Employee turnover 4.00 5.00
Charges for plans for retirement benefits are expected to amount to SEK 25 million in the 2018 financial year.
The weighted average term of the pension obligation is 17–19 years.