Annual Report 2017
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4.6 Pension funds
The Orell Füssli Foundation has used the 2015 BVG (OPA) mortality table since 2016. The actuarial interest rate is 1.50% (2016: 1.50%).
Employer’s contribution reserves
in CHF thousand | ||||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Nominal value ECR |
Waiver of usage |
Adjustments |
Additions/ Reversals |
Balance sheet |
Balance sheet |
Result from ECR in personnel expenditure |
Result from ECR in personnel expenditure |
|||||||||
31.12.2017 | 31.12.2017 | 31.12.2017 | 2016 | 31.12.2017 | 31.12.2016 | 2017 | 2016 | |||||||||
Pension schemes without funding surplus / deficit (Switzerland) | 3,623 | – | – | – | 3,623 | 3,623 | – | – |
Financial benefit/liability and pension costs
in CHF thousand | ||||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Funding surplus/deficit according to Swiss GAAP FER 26 |
Economic benefit / liability Group |
Economic benefit / liability Group |
Translation differences with no impact on the income statement |
Change to prior year or charged to income statement |
Contributions limited to the period |
Pension costs in personnel expenditure |
Pension costs in personnel expenditure |
|||||||||
31.12.2017 | 31.12.2017 | 31.12.2016 | 2016 | 31.12.2017 | 31.12.2017 | 2017 | 2016 | |||||||||
Pension schemes without funding surplus / deficit (Switzerland) | – | – | – | – | – | – | 3,435 | 3,154 | ||||||||
Unfunded pension schemes (abroad) | – | – | – | – | – | – | 1,654 | 1,623 | ||||||||
Total | – | – | – | – | – | – | 5,089 | 4,777 |