105 / 144
The borrowings are denominated in the following currencies:
CHF million
31.12.2016 31.12.2015
CHF
199.1
164.1
USD
4.7
8.2
BRL
–
7.8
Other
4.9
4.8
Total
208.7
184.9
25 Employee benefits
CHF million
31.12.2016 31.12.2015
Post-employment benefit liabilities
34.7
27.7
Other long-term employee benefits
2.3
1.1
Employee benefit liabilities
37.0
28.8
In the reporting period, total expenses for pensions in the amount of CHF 18.1 million have been
recognized as employee expenses and interest expenses (2015: CHF 18.5 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 the Autoneum Group.
Defined contribution plans
The expenses for defined contribution plans totaled CHF 12.4 million in the current reporting period
(2015: CHF 11.8 million).
Defined benefit plans
Autoneum maintains defined benefit pension plans in Switzerland, Great Britain, the USA, Canada
and the Netherlands. The most significant pension plans are those in Switzerland and the USA.
Those plans sum up to 79.3% (2015: 81.7%) of the Group’s defined benefit obligation and to 79.4%
(2015: 81.0%) of the Group’s plan assets.
101
Autoneum
Financial Report 2016
Consolidated Financial Statements