100
101
Annual Financial Statements
MYTILINEOS GROUP
31/12/2015
31/12/2014
(Amounts in thousands
€
)
Defined
Contributions
Plans
Defined
Contributions
Plans
Total
Defined
Contributions
Plans
Defined
Contributions
Plans
Total
Current employment cost
308
-
308
239
-
239
Financial cost
406
187
594
519
285
804
Anticipated return on assets
-
(130)
(130)
-
(183)
(183)
Net actuarialy (profits)/ losses realised for the
period
48
-
48
-
-
-
Settlement Cost
356
74
430
791
561
1,351
Amount to Income Statement
1,118
132
1,250
1,549
664
2,212
Actuarial (Gain)/Losses immediate recognise in
profit and loss statement
482
288
770
2,172
327
2,499
Amount through Other Comprehensive
Income
482
288
770
2,172
327
2,499
Expected return of plan assets
-
130
130
-
(183)
(183)
Actuarial gains on plan assets
-
(135)
(135)
-
101
101
Return of plan assets
-
(5)
(5)
-
(82)
(82)
MYTILINEOS S.A.
Defined Contributions Plans
(Amounts in thousands
€
)
31/12/2015 31/12/2014
Current employment cost
31
12
Financial cost
17
20
Settlement Cost
35
7
Amount to Income Statement
83
39
Actuarial (Gain)/Losses immediate
recognise in profit and loss statement
(14)
68
Amount through Other Comprehensive Income
(14)
68
MYTILINEOS S.A.
31/12/2015
31/12/2014
(Amounts in thousands
€
)
Defined
Contributions
Plans
Defined
Contributions
Plans
Total
Defined
Contributions
Plans
Defined
Contributions
Plans
Total
Total Opening
664
-
664
563
-
563
Current Employment Cost
31
-
31
12
-
12
Financial Cost
17
-
17
20
-
20
Additions Due To Acquisitions
-
-
-
3
-
3
Actuarialy (Profits)/ Losses
(14)
-
(14)
68
-
68
Settlement Cost
35
-
35
7
-
7
Contributions Paid
(76)
-
(76)
(9)
-
(9)
Closing Balance
657
-
657
664
-
664
MYTILINEOS GROUP
31/12/2015
31/12/2014
(Amounts in thousands
€
)
Defined
Contributions
Plans
Defined
Contributions
Plans
Total
Defined
Contributions
Plans
Defined
Contributions
Plans
Total
Total Opening
16,254
2,306
18,560
14,989
2,935
17,924
Current Employment Cost
308
-
308
253
-
253
Financial Cost
406
187
594
519
285
804
Employer Contributions
-
(810)
(810)
-
(1,620)
(1,620)
Settlements
74
74
148
497
561
1,058
Additions Due To Acquisitions
-
-
-
(202)
-
(202)
Actuarialy (Profits)/ Losses
482
288
770
2,174
327
2,501
Settlement Cost
281
-
281
291
-
291
Anticipated Return On Assets
-
(130)
(130)
-
(183)
(183)
Contributions Paid
(987)
-
(987)
(2,267)
-
(2,267)
Closing Balance
16,819
1,915
18,734
16,254
2,306
18,560
4.14 Employee benefit liabilities
The Group’s present value of the liability at year end 2015 is 18.734
€
and accordingly for 2014, 18.560k
€
:
The Entity’s present value of the liability at year end 2015 is 657k
€
and accordingly for 2014, 664k
€
The assumptions used, are presented in the following table:
31/12/2015
31/12/2014
Discount Rate
2,00%
2,50%
Future Salary increases
2,00%
2,00%
Inflation
2,00%
2,00%
