8. Pension provisions
Provisions for pensions include pension obligations and liabilities from working lifetime accounts.
The calculation of pension obligations as of 30 June 2020 was based on an interest rate of 0.50 % (31 December 2019: 0.70 %; 30 June 2019: 0.70 %). The calculation of pension obligations was also based on an interest rate of 0.70 % as stated in the HHLA capital plan as of 30 June 2020 (31 December 2019: 0.80 %; 30 June 2019: 0.90 %).
The actuarial assumption behind the remuneration trend changed from 3.00 % on 31 December 2019 to 2.00 % on 30 June 2020.
Actuarial gains/losses from provisions for pensions changed as follows. These are recognised in equity without effect on profit and loss.
in € thousand |
|
2020 |
|
2019 |
|---|---|---|---|---|
Cumulative actuarial gains (+)/losses (-) as of 1 January |
|
- 114,479 |
|
- 68,783 |
Changes in the financial year due to a change in interest rates and experience-based adjustments |
|
- 8,614 |
|
- 51,040 |
Cumulative actuarial gains (+)/losses (-) as of 30 June |
|
- 123,093 |
|
- 119,823 |