109 / 144
The table below discloses the main actuarial assumptions at year-end:
Weighted average of all pension plans
31.12.2016 31.12.2015
Discount rate
in %
2.0
2.2
Expected future salary growth
in %
0.6
0.6
Expected future pension growth
in %
0.1
0.1
Life expectancy for females at age of 65
in years
23.4
23.4
Life expectancy for males at age of 65
in years
21.4
21.1
At December 31, 2016, the weighted average duration of the defined benefit obligation was
16.7 years (2015: 16.2 years).
The table below shows the results of the sensitivity analysis. It was analyzed how expected
changes in the discount rate, in future salary and pension growth, and in the life expectancy would
impact the defined benefit obligation. Changes in these parameters would have the following
effect on the defined benefit obligation:
CHF million
31.12.2016 31.12.2015
Increase in discount rate by 0.25 percentage point
–8.6
–8.2
Decrease in discount rate by 0.25 percentage point
9.2
8.7
Increase in future salary growth by 0.5 percentage point
3.2
2.1
Decrease in future salary growth by 0.5 percentage point
–3.2
–2.2
Increase in future pension increase by 0.25 percentage point
3.0
3.0
Decrease in future pension increase by 0.25 percentage point
–2.8
–2.7
Increase in life expectancy by one year
5.5
5.2
Decrease in life expectancy by one year
–5.1
–4.8
105
Autoneum
Financial Report 2016
Consolidated Financial Statements