100 / 130
The amounts recognized in the income statement result from plans in the following regions:
CHF million
2015
2014
Expense from defined benefit plans in Switzerland
4.2
3.4
Expense from defined benefit plans in the USA
1.4
1.0
Expense from defined benefit plans in other countries
1.1
1.0
Total
6.6
5.4
The expected employer contributions for the Group’s defined benefit pension plans for 2016 amount
to CHF 6.5 million. The expected benefit payments for 2016 are CHF 7.6 million.
The effect from remeasurement of the defined benefit pension plans recognized in other comprehen-
sive income is as follows:
CHF million
2015
2014
Remeasurement gains and losses
from changes in demographic assumptions
1.0
–3.9
from changes in financial assumptions
-
–22.1
from experience adjustment
–5.4
–2.0
Return on plan assets excluding interest income
0.9
9.2
Total
–3.5
–18.8
The table below discloses the main actuarial assumptions at year-end:
Weighted average of all pension plans
31.12.2015 31.12.2014
Discount rate
in %
2.2
2.4
Expected future salary growth
in %
0.6
0.5
Life expectancy for females at age of 65
in years
24.5
23.9
Life expectancy for males at age of 65
in years
22.1
21.5
At December 31, 2015, the weighted average duration of the defined benefit obligation was 17.1 years
(2014: 16.7 years).
The table below shows the results of the sensitivity analysis. It was analyzed how expected changes
in the discount rate and expected changes in the future salary growth would impact the defined
benefit obligation. A change in the discount rate by 0.25 points or a change in the future salary growth
rate by 0.5 points would have had the following effect on the defined benefit obligation:
CHF million
31.12.2015 31.12.2014
Increase in discount rate by 0.25 percentage point
–8.2
–8.0
Decrease in discount rate by 0.25 percentage point
8.7
8.6
Increase in future salary growth by 0.5 percentage point
2.1
2.7
Decrease in future salary growth by 0.5 percentage point
–2.2
–2.7
96
Autoneum
Financial Report 2015
Consolidated financial statements