Boskalis_Annual_Report_2016

105

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 2016 2015

35,329

Defined benefit pension plans

23,471

[25.1]

8,374

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

6,863

43,703

30,334

DEFINED BENEFIT PENSION PLANS 25.1

CHARGED TO CONSOLIDATED STATEMENT OF

DEFINED BENEFIT OBLIGATION

UNFUNDED PENSION LIABILITIES

OTHER COMPREHENSIVE INCOME

FAIR VALUE PLAN ASSETS

SURPLUS/ DEFICIT (-)

PROFIT OR LOSS

TOTAL

753,035

734,794

- 18,241

- 5,175

- 23,416

Balance as at 1 January 2016

Current service expenses

36,904 17,384

- -

- 36,904 - 17,384 39,896 16,895 - 5,069

- 31

- 36,935 - 17,487 39,896 16,895 - 5,288

36,935 17,487

Interest expenses on obligation

- 103

Contributions received from the Group

- -

39,896 16,895 33,618 - 20,481

- -

Return on plan assets Net actuarial results

- 16,895

38,687 - 20,481

- 219

5,288

Benefits paid

-

331

331

Settlement and curtailment gains PGB and Dutch pension funds Foreign currency exchange rate differences and other changes

- 641,246

- 627,986

13,260

-

13,260

- 13,260

- 23,903 - 592,655

- 23,540 - 581,598

363

55 33

418

-

11,057

11,090

24,267

5,288

Total movement

160,380

153,196

- 7,184

- 5,142

- 12,326

Balance as at 31 December 2016

Limits on net plan assets as at 1 January

- 11,913

Movement in limit net plan assets

768

- 768

- 11,145

Limits on net plan assets as at 31 December

- 23,471

Balance as at 31 December 2016 after limits on net plan assets

Total result defined benefit pension plans

28,787

24,267

4,520

ANNUAL REPORT 2016 – BOSKALIS