Investor Presentaiton
CONSOLIDATED FINANCIAL STATEMENTS | NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS | CAPITAL STRUCTURE
Defined benefit plan liability
Other post-employment
benefit liability
Fair value of plan assets
Net defined benefit balance
MEUR
Balance at beginning of period
Dec 31, 2022 Dec 31, 2021
714.5
638.9
Dec 31, 2022 Dec 31, 2021
7.1
10.1
Dec 31, 2022 Dec 31, 2021
550.2
480.8
Dec 31, 2022 Dec 31, 2021
171.4
168.1
Current service costs
20.5
17.5
0.2
0.1
20.7
17.7
Interest expense
14.3
11.2
0.2
0.1
14.5
11.3
Interest income
11.6
8.8
-11.6
-8.8
Other
-1.5
-0.6
-2.9
-2.0
1.5
1.3
Components of defined benefit costs recognized
33.4
28.1
0.4
0.2
8.7
6.9
25.1
21.5
in the consolidated statements of income
Return on plan assets, excluding interest income
-151.4
36.1
151.4
-36.1
Remeasurements
-184.0
42.7
1.6
-3.4
-182.4
39.3
Remeasurements recognized in the consolidated
statements of comprehensive income
-184.0
42.7
1.6
-3.4
-151.4
36.1
-31.1
3.3
Employer contributions
29.0
13.0
-29.0
-13.0
Plan participants' contributions
1.9
0.4
0.2
0.2
2.2
0.6
Benefits paid
-46.7
-29.3
-0.8
-0.7
-39.1
-23.1
-8.4
-6.9
Settlement payments
-0.3
-0.3
Business combinations, disposals and other
0.2
-0.1
0.2
-0.1
Foreign currency translation effects
0.0
34.1
0.4
0.7
-1.4
36.0
1.8
-1.2
Other reconciling items
-44.6
4.9
-0.1
0.1
-9.3
26.5
-35.4
-21.5
Balance at end of period
519.2
714.5
8.9
7.1
398.2
550.2
130.0
171.4
Present value of unfunded obligations
84.2
114.8
8.9
7.1
93.2
121.9
Present value of funded obligations
Fair value of benefit plans' assets
Total
435.0
599.7
435.0
599.7
398.2
550.2
-398.2
-550.2
519.2
714.5
8.9
7.1
398.2
550.2
130.0
171.4
The expected contributions to defined benefit type arrangements in 2023 are EUR 22.0 million.
The actual return on defined benefit plans' assets was EUR -139.8 (44.9) million.
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