Investor Presentaiton
CONSISTENCY IN OUR STRATEGY
44
f. Breakdown of Plan Assets.
Following is a breakdown of the PA valued at fair value, their percentage with respect to total PA, as well
as the value of the assets used by the entity included in PA.
At December 31, the breakdown of the PA of defined benefits is as follows:
i. Value of Defined Benefit Obligations, Plan Assets and plan position for the last two annual
periods:
The value of the OBD, the fair value of PA's, the plan position, as well as the experience adjustments for
the last two years are as shown below:
Retirement
plan
Other
benefits
Year
2009
%
2008 %
2009
%
2008
%
2009
2008
Debt instruments
Capital instruments
Ps 32,367
79
Ps 25,255
79
Ps 1,647
89
Ps 1,666
89
30
Variable rate
Fair value of PA
Ps 41,535
9,168 21
100
6,637
Ps 31,892
21
490
11
216 11
100
Ps 2,167
100
Ps 1,882
100
Year
2009
2008
OBD
Retirement plan
Historical values
PA
Plan position
Ps 49,213
49,689
Ps 41,535
31,892
Ps 7,678
17,797
OBD
Ps 35,028
33,931
Other
Benefits
PA
Plan position
Ps 2,167
1,882
Ps 32,861
32,049
g.Criteria to determine the rate of return of Plan Assets.
The expected rate of return per type of PA is based on projections on historical market rates. The
difference with respect to real rates is shown in the actuarial gains (losses) for the year.
h.Main actuarial hypotheses.
The main actuarial hypotheses used, stated in absolute terms, as well as discount rates, PA yields, salary
increases and changes in indexes or other referred variables at December 31, are as shown below:
j. Reserve for contributions to the plan for the following period:
It is estimated that for year 2010, payments to the employee benefit plans assets will be as follows:
Ps 7,000
1,000
Ps 8,000
Pensions and retirement
Other benefits at retirement
Total
Pensions
Other benefits
Item
2009
2008
2009
2008
Discount rate
9.00%
8.75%
8.50%
8.20%
k. Benefits granted to key management personnel or relevant officers:
Total benefits granted to key management personnel or relevant officers are as follows:
Expected rate of return on assets
9.75%
9.75%
9.75%
9.75%
Rate of salary increases
4.25%
4.25%
4.25%
4.25%
Short and long-term direct benefits
Termination benefits
Total
December 31
2009
2008
Ps
Ps
12,500 Ps
5,000
17,500 Ps
11,500
10,000
21,500View entire presentation