H
123
23 Pensions and other post-employment benefits (continued)
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Ahold at a glance
Notes to the consolidated
financial statements
Our strategy
Our performance
Governan
Financials
Investors
Ahold Annual Report 2013
The changes in the defined benefit obligations and plan assets in 2013 and 2012 were as follows:
The Netherlands
United States
Total
2013
2012
2013
2012
2013
2012
million
(restated)
(restated)
(restated)
Defined benefit obligations
Beginning of the year
3,433
2,128
1,350
1,469
4,783
3,597
Current service cost
98
56
21
19
119
75
Past service cost
(39)
(39)
Gain on settlements
(9)
(6)
(9)
(6)
Interest expense
125
117
49
76
174
193
Contributions by plan participants
16
12
16
12
Benefits paid
(94)
(88)
(60)
(67)
(154)
(155)
Settlement payments
(164)
(359)
(164)
(359)
(Gain) loss from changes in demographic assumptions
(3)
152
16
2
13
154
(Gain) loss from changes in financial assumptions
(157)
1,116
(141)
242
(298)
1,358
Experience (gains) losses
(46)
(21)
(1)
2
(47)
(19)
Exchange rate differences
(41)
(28)
(41)
(28)
End of the year
3,372
3,433
1,020
1,350
4,392
4,783
Plan assets
Fair value of assets, beginning of the year
3,191
2,762
972
1,116
4,163
3,878
Interest income
114
151
36
59
150
210
Company contribution
122
122
61
195
183
317
Contributions by plan participants
16
12
16
12
Benefits paid
(94)
(88)
(60)
(67)
(154)
(155)
Settlement payments
(164)
(359)
(164)
(359)
Administrative cost
(4)
(4)
(4)
(7)
(8)
(11)
Return on plan assets, excluding amounts included in net
interest (income) expense
(150)
236
48
53
(102)
289
Exchange rate differences
(35)
(18)
(35)
(18)
Fair value of assets, end of the year
3,195
3,191
854
972
4,049
4,163
Funded status
(177)
(242)
(166)
(378)
(343)
(620)
The total defined benefit obligation of €4,392 million as of December 29, 2013,
life insurance and medical care) and supplemental executive retirement plans.
includes €1 08 million
related to plans that are
wholly unfunded. These plans
include other benefits (such as
