Provisions for obligations to staff


The funding status for provisions for obligations to staff under partial retirement agreements is as follows:

Funding status

in €m

2011

2010

Present value of funded obligations under
partial retirement agreements

165

190

External plan assets

–142

–149

 

23

41

In 2005 EUR 97m was transferred to an external trust fund as insolvency insurance for employer’s performance arrears, under partial retirement agreements under which the employee at first works full-time for less pay and then retires early on the same reduced pay.

In 2007 and 2009 a further EUR 39m and EUR 2m were transferred respectively. These assets, which fulfil the requirements for plan assets and therefore reduce the net amount of obligations accordingly, are measured at fair value on the balance sheet date.

Obligations under partial retirement agreements were calculated on the basis of the following assumptions:

Assumptions

 

in %

2011

2010

2009

Interest rate

2.5

2.2

5.5

Projected earnings from external plan assets

2.2

3.1

3.2

The following cash outflows are estimated for the non-current portion of the other groups of provisions:

 

 

in €m

2013

2014

2015

2016 and thereafter

*

Rounded below EUR 1m.

Onerous contracts

54

12

27

51

Environmental restoration

4

4

4

19

Restructuring/severance payments

0*

7

7

0*

Fixed-price customer maintenance contracts

17

5

1

1

Maintenance of operating lease aircraft

41

20

4

1

Other provisions

51

38

9

45

At the end of 2010 the cash outflows were estimated as follows:

 

in €m

2012

2013

2014

2015 and thereafter

*

Rounded below EUR 1m.

Onerous contracts

43

18

16

57

Environmental restoration

4

3

3

20

Restructuring/severance payments

2

0*

0*

0*

Fixed-price customer maintenance contracts

11

7

0*

2

Maintenance of operating lease aircraft

89

42

22

35

Other provisions

22

18

5

47

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