Change in defined benefit pension obligations in 2022
Change in defined benefit pension obligations in 2021
Present value of obligation
Present value of obligation
Fair value of plan assets Total
Fair value of plan assets Total
EUR million
EUR million 1 Jan 2021
70.4
-64.8
5.6 0.4
1 Jan 2022
64.0
-62.8
1.2 0.5
Current service cost
0.4
Current service cost
0.5
Administrative costs Interest expense (+) or interest income (-)
Administrative costs Interest expense (+) or interest income (-) Past service cost Total amount recognised in profit and loss Remeasurements in other comprehensive income Return on plan assets, excluding amounts included in interest income or expense Gains (-) and losses (+) from change in demographic assumptions Gains (-) and losses (+) from change in financial assumptions Experience gains (-) and losses (+) Total remeasurements in other comprehensive income
0.6
-0.6
0.0 -0.4 0.0
0.9
-1.0
-0.1
Past service cost
-0.4
Total amount recognised in profit and loss
0.6
-0.6
1.4
-1.0
0.4
Remeasurements in other comprehensive income Return on plan assets, excluding amounts included in interest income or expense Gains (-) and losses (+) from change in demographic assumptions Gains (-) and losses (+) from change in financial assumptions
-2.4
-2.4
22.1
22.1
-0.1
-0.1
0.0
0.0
-1.9
-1.9
-15.6
-15.6
Experience gains (-) and losses (+)
1.2
1.2
-0.9
-0.9
Total remeasurements in other comprehensive income
-0.7
-2.4
-3.1
-16.5
22.1
5.7
Translation differences
3.1
-3.6
-0.5
Translation differences
-2.1
2.7
0.6
Contributions Employers
Contributions Employers
-0.3
-0.3
-0.3
-0.3
Plan participants
0.0
0.0
0.0
Plan participants
0.0
0.0
0.0
Payments from plans Benefit payments
Payments from plans Benefit payments
-8.7 -0.8 64.0
8.1 0.9
-0.6
-2.7
2.1
-0.6 -0.1
Settlements
0.1 1.2
Settlements
-0.1
31 Dec 2021
-62.8
31 Dec 2022
44.1
-37.3
6.8
Defined benefit pension obligation and plan assets by country in 2022
EUR million
Germany United Kingdom
Finland Other countries
Total 44.1 -37.3
Present value of obligation Fair value of plan assets
7.1
24.3 -27.7
9.2 -7.3 1.9
3.5
-2.2
Total
7.1
-3.4
1.2
6.9
Defined benefit pension obligation and plan assets by country in 2021
EUR million
Germany United Kingdom
Finland Other countries
Total 64.0 -62.8
Present value of obligation Fair value of plan assets
9.9
39.0 -51.2 -12.2
11.2 -9.7
3.9 -1.9 2.0
Total
9.9
1.5
1.2
Significant actuarial assumptions 2022
Germany United Kingdom
Finland
Belgium
Discount rate, %
3.73 3.00 2.00
4.90 2.60 3.10
3.72 0.00 2.84
3.10 1.00 2.30
Salary growth rate, % Pension growth rate, %
Significant actuarial assumptions 2021
Germany United Kingdom
Finland
Belgium
Discount rate, %
0.74 3.00 1.75
1.85 2.80 3.35
0.82 0.00 2.36
0.70 1.00 2.00
Salary growth rate, % Pension growth rate, %
105
Consolidated financial statements | METSÄ BOARD ANNUAL AND SUSTAINABILITY REPORT 2022
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