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, 2021 Dec 31, 2020
638.9
638.0
Dec 31, 2021 Dec 31, 2020
10.1
9.9
Dec 31, 2021 Dec 31, 2020
480.8
489.2
Dec 31, 2021 Dec 31, 2020
168.1
158.7
Current service costs
17.5
17.4
0.1
0.1
17.7
17.5
Interest expense
11.2
13.3
0.1
0.3
11.3
13.6
Interest income
8.8
11.2
-8.8
-11.2
Other
-0.6
-2.9
-2.0
-2.3
1.3
-0.5
Components of defined benefit costs recognized
28.1
27.8
0.2
40
0.4
6.9
8.9
21.5
19.3
in the consolidated statements of income
Return on plan assets, excluding interest income
36.1
38.7
-36.1
-38.7
Remeasurements
42.7
40.4
-3.4
1.1
39.3
41.5
Remeasurements recognized in the consolidated
statements of comprehensive income
42.7
40.4
-3.4
1.1
36.1
38.7
3.3
2.9
Employer contributions
13.0
12.6
-13.0
-12.6
Plan participants' contributions
0.4
0.4
0.2
0.3
0.6
0.7
Benefits paid
-29.3
-26.9
-0.7
-0.8
-23.1
-21.7
-6.9
-5.9
Settlement payments
-0.3
-16.8
-16.6
-0.3
-0.3
Business combinations, disposals and other
-0.1
8.0
-1.2
-0.1
9.1
Foreign currency translation effects
34.1
-32.0
0.7
-0.9
36.0
-29.8
-1.2
-3.2
Other reconciling items
4.9
-67.4
Balance at end of period
714.5
638.9
SON
0.1
-1.4
26.5
-56.0
-21.5
-12.8
7.1
10.1
550.2
480.8
171.4
168.1
Present value of unfunded obligations
Present value of funded obligations
Fair value of benefit plans' assets
Total
114.8
112.5
7.1
0.4
121.9
112.9
599.7
526.3
9.7
599.7
536.0
550.2
480.8
-550.2
-480.8
714.5
638.9
7.1
10.1
550.2
480.8
171.4
168.1
The expected contributions to defined benefit type arrangements in 2022 are EUR 15.6 million.
The actual return on defined benefit plans' assets was EUR 44.9 (49.8) million.
75
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