9. Pension Provisions

The calculation of pension provisions as of 30 September 2015 was based on an interest rate of 2.00 % (31 December 2014: 1.75 %; 30 September 2014: 2.50 %). Actuarial gains/losses changed as follows. These are recognised in equity without effect on profit and loss.

Change in Actuarial Gains/Losses

in € thousand

 

2015

 

2014

Cumulative actuarial gains (+)/losses (-) as of 01.01.

 

- 65,731

 

12,737

Change during the financial year due to a change in interest rate

 

13,737

 

- 44,130

Cumulative actuarial gains (+)/losses (-) as of 30.09.

 

- 51,994

 

- 31,393

A 0.25 % increase in the interest rate would reduce the present value of the pension obligation by around € 13.5 million and thus lead to further actuarial gains.