Notes to the
consolidated
financial statements
continued
23 Pensions and other post-employment benefits continued
Overview
Business review
Governance
Financials
Investors
Ahold Delhaize Annual Report 2016
2016
4,094
4,027
1,308
5,335
(77)
(14)
4,636
4,094
269
3,977
3,993
1,103
1,057
5,050
(14)
(10)
(150)
313
4,431
3,977
199
(205)
(384)
(70)
(659)
(117)
(272)
(389)
Funded status
214
1
8
The changes in the defined benefit obligations and plan assets in 2016 and 2015 were as follows:
The total defined benefit obligation of €6,497 million as of January 1, 2017, includes €210 million related to plans that are wholly unfunded.
These plans include pension plans in Greece and Serbia and other benefits (such as life insurance and medical care) and supplemental executive
retirement plans in the United States.
107
100
19
(82)
(12)
(78)
18
1,375
67
21
66
49
24
24
61
297
8
2
1
(26)
1
141
137
19
(154)
(11)
132
155
23
(84)
27
405
(36)
96
114
23
(84)
(8)
92
113
19
(82)
(8)
(77)
(2)
(72)
(3)
108
94
53
90
5,080
214
150
212
23
(175)
(10)
Plan assets
Fair value of assets, beginning of the year
Acquisitions through business combinations
Interest income
Company contribution
Contributions by plan participants
Benefits paid
Administrative cost
Return on plan assets, excluding amounts included in
net interest (income) expense
Exchange rate differences
Fair value of assets, end of the year
94
(13)
59
1,592
(72)
(1)
(108)
6
157
1,375
5,469
364
136
168
1
23
(175)
27
473
(48)
59
6,497
306
38
5,838
19
(154)
(13)
(186)
24
157
5,469
million
Defined benefit obligations
Beginning of the year
Acquisitions through business combinations
Current service cost
Interest expense
Termination benefits
Contributions by plan participants
Benefits paid
(Gain) loss from changes in demographic assumptions
(Gain) loss from changes in financial assumptions
Experience (gains) losses
Exchange rate differences
End of the year
The Netherlands
2016 2015
3
38
1,208
(78)
126
1,103
(228)
126
5,080
Total
2015
United States
2016 2015
Rest of world
2016 2015
