Boskalis Annual Report 2018

111

25. EMPLOYEE BENEFITS The liabilities associated with employee benefits consist of liabilities related to defined benefit pension plans and other liabilities relating to a number of defined contribution plans in the Netherlands and other countries as well as jubilee benefits. They amounted to a total of: 31 DECEMBER Note 2018 2017

Defined benefit pension plans

32,795

28,924

[25.1]

Other liabilities on account of employee benefits Liabilities associated with employee benefits

5,507

5,518

38,302

34,442

25.1 DEFINED BENEFIT PENSION PLANS

CHARGED TO CONSOLIDATED STATEMENT OF

OTHER COMPREHENSIVE INCOME

DEFINED BENEFIT OBLIGATION

UNFUNDED PENSION LIABILITIES

FAIR VALUE PLAN ASSETS

SURPLUS/ DEFICIT (-)

TOTAL PROFIT OR LOSS

159,058

150,564

- 8,494

- 4,827 - 13,321

Balance as at 1 January 2018

Current service expenses Past service expenses

706 175

- - -

- 706 - 175

- 48

- 754 - 175

754 175

-

Interest expenses on obligation

3,574

- 3,574

- 67

- 3,641

3,641

Contributions received from the Group

- -

1,593 3,028 1,752

1,593 3,028

- -

1,593 3,028

Return on plan assets Net actuarial results

- 3,028

21,292 - 5,373

- 19,540

70 - 19,470

19,470

Benefits paid

- 5,373

-

317

317

Foreign currency exchange rate differences and other changes

- 509

- 881

- 372

-

- 372

19,865

119

- 19,746

272 - 19,474

1,542

19,470

Total movement

178,923

150,683

- 28,240

- 4,555 - 32,795

Balance as at 31 December 2018

Limitation on net plan assets as at 1 January Movement in limitation net plan assets Limitation on net plan assets as at 31 December

- 15,603 15,603

- 15,603

-

- 32,795

Balance as at 31 December 2018 after limitation on net plan assets

Total result defined benefit pension plans

5,409

1,542

3,867

ANNUAL REPORT 2018 – BOSKALIS A UAL REP RT 2018 -- BOSKALIS