35 Pension schemes

Employer contribution reserves

 

Nominal value

Balance sheet

Additions/utilisations

Result of ECR in personnel expenses

 

31.12.2017

31.12.2017

31.12.2016

2017

2017

2016

CHF thousand

 

 

 

 

 

 

 

 

 

 

 

 

 

Pension institutions

80

80

92

–12

–12

–51

For reasons of materiality, employer contribution reserves are not discounted. The nominal value corresponds to the carrying value. Employer contribution reserves are recognised under non-current financial assets.

Economic benefit/economic liability and pension benefit expenses

 

Overfunding/ underfunding

Organisation's share of economic liability

Change on prior year

Contributions concerning the business period

Pension benefit expenses within personnel expenses

 

31.12.2017

31.12.2017

31.12.2016

2017

2017

2017

2016

CHF thousand

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Pension plans without overfunding/underfunding

-

-

-

-

3,417

3,417

3,710

Pension institutions with unfunded obligations

 

–3,692

–3,252

–440

599

740

677

Total

-

–3,692

–3,252

–440

4,016

4,157

4,387

The pension fund for employees of Repower AG is organised as a pension scheme of the collective foundation of the PKE Vorsorgestiftung Energie foundation. Swibi AG is affiliated to a joint pension scheme of the PKE Vorsorgestiftung Energie foundation. Based on the most recent financial statements available, neither of these pension schemes is under- or overfunded.

The item “Pension institutions without unfunded obligations” relates to the obligation to pay severance pay in Italy (see Note 27). The change in the stated provision in the income statement comes to THCF 141 at the average exchange rate.