99 / 130
The movement in the defined benefit obligation over the year was as follows:
CHF million
2015
2014
Defined benefit obligation at January 1
205.0
163.9
Current service cost
6.3
5.1
Past service cost
–0.6
-
Interest expenses
4.6
5.5
Remeasurement gains and losses
4.4
28.0
Employee contributions
3.0
2.9
Benefits paid
–8.9
–6.5
Currency translation adjustment
–6.2
6.1
Defined benefit obligation at December 31
207.6
205.0
The movement in the fair value of plan assets over the year was as follows:
CHF million
2015
2014
Fair value of plan assets at January 1
181.1
158.3
Interest income
3.7
5.2
Return on plan assets excluding interest income
0.9
9.2
Employer contributions
6.8
7.8
Employee contributions
3.0
2.9
Benefits paid
–8.9
–6.5
Currency translation adjustment
–5.7
4.2
Fair value of plan assets at December 31
180.9
181.1
The major categories of plan assets as a percentage of total plan assets were as follows:
in %
31.12.2015 31.12.2014
Equity
44
44
Debt
33
31
Real estate
10
6
Other
13
19
All equity and debt instruments are listed on a stock exchange.
The amounts recognized in the income statement were as follows:
CHF million
2015
2014
Current service cost
6.3
5.1
Past service cost
–0.6
-
Net interest expenses
0.9
0.3
Pension expenses for defined benefit plans
6.6
5.4
Recognized in the income statement:
as employee expenses
5.8
5.1
as interest expenses
0.9
0.3
95
Autoneum
Financial Report 2015
Consolidated financial statements