Nabaltec_E_GB2016

NOTES TO THE CONSOLIDATED BAL ANCE SHEET 91 Changes in the fair value of plan assets are as follows: FAIR VALUE OF PLAN ASSETS in TEUR Fair value of plan assets on 1 January 2015 Employer contributions Expected returns Actuarial gains/losses Fair value of plan assets on 31 December 2015 Employer contributions Expected returns Actuarial gains/losses Fair value of plan assets on 31 December 2016 1,489 80 39 8 1,616 73 39 18 1,746 Plan assets consist of the asset value of a pension liability insurance policy, which is to be treated as part of plan assets pursuant to IAS 19.7 (b). The Group expects contributions to plan assets to total EUR 36 thousand in Financial Year 2017. The recognized value of pension reserves can be reconciled as follows with the present value of the defined benefit liability: in TEUR 12/31/2016 12/31/2015 12/31/2014 12/31/2013 12/31/2012 Fair value of plan assets Present value of defined benefit liability Pension reserves 1,746 39,822 38,076 1,616 1,489 1,369 1,219 29,567 27,951 26,764 25,275 20,289 18,920 19,053 17,834 The basic assumptions for the calculation of post-employment pension obligations are shown below: in % Discount rate Salary trend Pension trend Fluctuation 2016 1.50 2.75 2.00 1.00 2015 2.40 2.75 2.00 1.00 Post-employment mortality among 65-year-old retirees in accordance with Heubeck's 2005 G benchmark tables S T N E M E T A T S L A I C N A N I F D E T A D I L O S N O C Annual Report 2016 | Nabaltec AG ||||

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