97 / 130
25 Employee benefits
CHF million
31.12.2015 31.12.2014
Post-employment benefit liabilities
27.7
30.1
Other long-term employee benefits
1.1
1.6
Employee benefit liabilities
28.8
31.7
The costs for pensions are charged to employee and interest expenses and for the current reporting
year totaled CHF 18.1 million (2014: CHF 12.8 million).
Some employees participate in defined contribution plans whose insurance benefit results solely
from the paid contributions and the return on investment on the plan asset. The other employees
participate in defined benefit plans that are based upon direct benefits of Autoneum Group.
Defined contribution plans
The expenses for defined contribution plans totaled CHF 11.3 million in the current reporting year
(2014: CHF 7.4 million).
Defined benefit plans
Autoneum maintains defined benefit pension plans in Switzerland, Great Britain, the USA and
Canada. The most significant pension plans are the Swiss and the US pension plans. Those plans
sum up to 81.7% (2014: 78.1%) of the Group’s defined benefit obligation and to 81.0% (2014:
78.5%) of the Group’s plan assets.
The status of the defined benefit plans at year-end was as follows:
CHF million
2015
2014
Switzerland
Fair value of plan assets at December 31
116.5
111.0
Present value of defined benefit obligation at December 31
–122.3
–111.1
Deficit at December 31
–5.9
–0.1
USA
Fair value of plan assets at December 31
30.1
31.2
Present value of defined benefit obligation at December 31
–47.2
–49.4
Deficit at December 31
–17.1
–18.2
Other countries
Fair value of plan assets at December 31
34.3
38.9
Present value of defined benefit obligation at December 31
–38.0
–44.5
Deficit at December 31
–3.7
–5.6
Total deficit at December 31
–26.7
–23.9
Recognized in the balance sheet
as employee benefit assets
1.0
6.2
as employee benefit liabilities
–27.7
–30.1
93
Autoneum
Financial Report 2015
Consolidated financial statements