60
JOTUN A/S
SCHEMES WITH NET PENSION OBLIGATIONS
(NOK THOUSAND) 2017 2016
CHANGES IN PENSION OBLIGATIONS INCLUDING SOCIAL SECURITY
Pension obligation at the beginning of the period 77 095 76 464
Pension earning for the year 2 363 2 997
Interest cost on pension obligations 1 003 1 388
Settlement –194 –
Actuarial loss/gain(–) –1 406 3 501
Social security upon paying pension funds –6 –188
Pension payments –9 243 –7 067
Pension obligation at the end of the period 69 611 77 095
CHANGES IN PLAN ASSETS
Plan assets at the beginning of the period 2 032 2 104
Expected return on plan assets 20 10
Settlement –30 –
Actuarial loss(–)/gain –1 566 2
Payments in / out(–) 45 1 330
Pension payments -69 –1 414
Plan assets at the end of the period 432 2 032
RECONCILIATION OF PENSION LIABILITIES/ASSETS
RECOGNISED IN THE BALANCE SHEET
Net pension obligation – overfunded/underfunded(–) –69 179 –75 063
Other severance schemes –67 892 –52 800
Total pension liabilities –137 071 –127 863
THE PERIOD’S PENSION COSTS INCLUDING SOCIAL SECURITY
Pension earnings for the year 2 195 3 016
Interest cost for the pension obligations 987 1 361
Expected return on plan assets – –
Pension cost recognised in the profit or loss statement 3 182 4 377
Actuarial loss/gain(–) recognised in other comprehensive income (net of taxes) 123 2 659