35 Pension schemes
Employer contribution reserves
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
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.