2.5 Employee benefit liabilities
CHF million |
| Financial year ended 30.06.2021 |
| Financial year ended 30.06.2020 |
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|
|
| Financial year ended 30.06.2021 |
| Financial year ended 30.06.2020 |
| Economic part of the Corporation |
| Translation differences |
| Change to previous year period or recognized in current result of the period, respectively |
| Contributions concerning the business period |
| Pension benefit expenses within personnel expenses | |||||
Total |
| 294.6 |
| 288.4 |
| 6.0 |
| 0.3 |
| 23.0 |
| 23.3 |
| 25.9 |
Pension institutions with surplus |
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|
|
|
|
| 10.0 |
| 10.0 |
| 9.5 |
Pension institutions without surplus/deficit |
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|
|
|
|
| 12.2 |
| 12.2 |
| 15.0 |
Pension institutions without own assets |
| 269.3 |
| 263.0 |
| 6.0 |
| 0.3 |
| 0.8 |
| 1.1 |
| 1.4 |
Other long-term employee benefits |
| 25.3 |
| 25.4 |
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CHF million |
| Financial year ended 30.06.2021 |
| Financial year ended 30.06.2020 |
Pension benefit expenses within personnel expenses |
| 23.3 |
| 25.9 |
Decrease/increase economic obligation from pension institutions without own assets |
| 1.1 |
| 1.4 |
Contributions and changes employer contribution reserves |
| 22.2 |
| 24.5 |
Contributions to pension institutions from Group entities |
| 22.2 |
| 24.5 |
The expenses for pension institutions with a surplus relate entirely to pension plans in Switzerland. The Swiss plans are valued annually as of December and in line with Swiss GAAP FER 26. The pension institutions without own assets are assessed annually as of the financial year-end closing. They relate mainly to pension liabilities of Group companies in Germany, Austria, and Italy.
Accounting principles
There are various pension plans in existence within the Group, which are individually aligned with local conditions in the respective countries. The plans are financed either by means of contributions to legally independent pension/insurance funds or by recognition as liabilities in the balance sheet of the respective Group companies. An economic obligation or an economic benefit arising from a Swiss pension scheme is determined from the statements made on the basis of Swiss GAAP FER 26 “Accounting of Pension Plans” and recognized in the balance sheet accordingly.
The provision for pension plans of foreign subsidiaries, which are not organized as an independent legal entity, is determined based on the local valuation methods.
Use of accounting estimates
dormakaba Group operates pension plans in various countries. The calculation of pension provisions for plans that do not have their own assets is based on actuarial assumptions, which may differ from the actual results.