VIPsight - December 2012
COMPANIES
Pension provisions in the billions
The German DAX companies have had to increase their pension reserves in the balance sheet in the third quarter. The reason is the continued low-interest-rate environment, decreasing the discount rate by which the often distant future liabilities are discounted. In large companies with the highest pension obligations, the additional reservations required range inthe billions.
|
Company |
Cash |
Provisions for pensions |
Cash and cash equivalents compared to last year |
Pension provisions in the previous year |
Share of pension provisions to total assets |
|
ThyssenKrupp AG |
4,625.00 |
8,072.00 |
3,275.00 |
851 |
22.30% |
|
Deutsche Lufthansa AG |
1,173.00 |
4,022.00 |
-1,663.00 |
-110 |
20.90% |
|
Bayer AG |
3,523.00 |
7,174.00 |
-76 |
955 |
19.50% |
|
Continental AG |
1,273.80 |
1,298.00 |
159.2 |
-59.5 |
12.30% |
|
RWE AG |
1,431.00 |
11,997.00 |
-95 |
144 |
11.10% |
|
Volkswagen AG |
7,963.00 |
14,003.00 |
-2,258.00 |
1,370.00 |
10.50% |
|
Altana AG |
469.473 |
358.342 |
152.811 |
76.504 |
9.90% |
|
Schering AG |
776 |
595 |
-9 |
-300 |
9.70% |
|
Linde AG |
906 |
1,122.00 |
342 |
103 |
9.00% |
|
MAN AG |
1,019.00 |
1,185.00 |
415 |
-531 |
8.50% |
|
TUI AG |
599.2 |
1,293.60 |
118.1 |
231.3 |
8.40% |
|
DaimlerChrysler AG |
7,711.00 |
15,482.00 |
-71 |
1,559.00 |
7.70% |
|
Henkel KGaA |
1,212.00 |
1,061.00 |
-483 |
-1,157.00 |
7.60% |
|
BMW AG |
1,621.00 |
5,255.00 |
-507 |
1,031.00 |
7.00% |
|
E.ON AG |
15,119.00 |
8,720.00 |
3,103.00 |
131 |
6.90% |
|
Siemens AG |
8,121.00 |
4,917.00 |
-4,069.00 |
525 |
5.70% |
|
BASF AG |
1,090.80 |
1,546.60 |
-1,199.70 |
-2,577.50 |
4.30% |
|
Infineon Technologies AG |
1,148.00 |
436 |
540 |
59 |
4.20% |
|
Deutsche Telekom AG |
4,975.00 |
4,596.00 |
-3,030.00 |
387 |
3.60% |
|
Metro AG |
1,767.00 |
995 |
-340 |
-11 |
3.50% |
|
Deutsche Post AG |
2,084.00 |
5,780.00 |
-2,761.00 |
-102 |
3.40% |
|
Adidas-Salomon AG |
1,524.92 |
147.925 |
1,328.92 |
19.249 |
2.60% |
|
SAP AG |
3,213.57 |
183.619 |
17.03 |
43.929 |
2.00% |
|
Fresenius Medical Care AG & Co. KGaA |
71.84 |
91.789 |
22.048 |
0.487 |
1.40% |
|
in millions of euros |
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