Arla Foods Annual Report 2020
Management Review
Our Strategy
Our Brands and Commercial Segments Our Responsibility Our Governance
Funding
4.7 PENSION LIABILITIES
Our Performance Review Our Consolidated Financial Statements Our Consolidated Environmental, Social and Governance Data
Table 4.7.e Pension assets recognised
(EURM)
2020
%
2019
do
%
Table 4.7.g Recognised in other comprehensive income
(EURM)
2020
2019
Liability hedge portfolio
Debt vehicles
Bonds
Equity instruments
Properties
Infrastructure
485
32
296
20
434
28
412
28
Actuarial gains and losses on liabilities from changes in financial assumptions (OCI)
Actuarial gains and losses on liabilities from changes
-153
-177
208
14
239
16
in demographic assumptions (OCI)
17
-3
116
8
214
15
Return on plan assets, excluding amounts included in net interest
on the net defined benefit liability
141
130
126
8
138
9
Re-measurements of defined benefit schemes
5
-50
69
4
80
5
Other assets
Total assets
100
6
96
7
1,538
100
1,475
100
Table 4.7.h Assumptions for the actuarial calculations
2020
2019
%
%
Table 4.7.f Recognised in the income statement for the year
(EURM)
Current service cost
Administration cost
Recognised as staff costs
Interest cost on pension liability
Interest income on plan assets
Recognised as financial cost
2020
2019
Discount rate, Sweden
Discount rate, UK
4
3
Expected payroll increase, Sweden
-
Expected payroll increase, UK
4
3
Inflation (CPI), Sweden
30
40
-28
NB
-36
4
Total amount recognised in the income statement
6
110 ARLA FOODS ANNUAL REPORT 2020
7
Inflation (CPI), UK
1.3
1.5
1.4
2.1
2.0
2.3
2.6
2.3
1.5
1.8
2.1
1.8View entire presentation