15 Employee Benefits


Employee benefit liabilities
In CHF million  
  30.06.2014 31.12.2013
Employee benefit liabilities consist of
 
gross defined benefit liabilities
  1 407 1 434
other long-term employee benefit liabilities
  0 0
other employee benefit liabilities
  98 119
Total employee benefit liabilities
  1 506 1 553


Amounts recognised as defined benefit assets/liabilities
In CHF million  
  30.06.2014 31.12.2013
Present value of defined benefit obligation
  –2 749 –2 700
Fair value of plan assets
  1 436 1 361
Net defined benefit liability
  –1 312 –1 339
 
Insurance contracts not eligible as plan assets under IFRS
  1 420 1 424
Net defined benefit surplus (+)/deficit (–) (economic view)
  107 85
 
The net defined benefit liability consists of
 
gross defined benefit liabilities
  –1 407 –1 434
gross defined benefit assets
  95 95


To assess the funding situation of the defined benefit plans in total, plan assets as well as insurance contracts not eligible as plan assets under IFRS must be set off against the present value of the defined benefit obligation. The total surplus taking into consideration insurance contracts not eligible as plan assets under IFRS amounted to CHF 107 million as at 30 June 2014 (31.12.2013:  surplus of CHF 85 million).

top of page         print page