Notes to the Consolidated Financial Statements – Contents

27. Employee Benefit Obligations

in PLN m

  Dec 31 2013 Dec 31 2012
Liabilities under length-of-service awards 425 175
Liabilities under severance 78 202
Wages and salaries payable 57 72
Amounts payable for unused holiday entitlement 68 55
Termination benefits 25 105
Other employee benefit obligations 224 128
Total 877 737
Non-current employee benefit obligations 502 381
Current employee benefit obligations 375 356
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27.1. Actuarial income statement for length-of-service award and retirement severance obligations

in PLN m

Dec 31 2013 Dec 31 2012
Length-of-service awards
Value of obligation shown in the statement of financial position at beginning of the period 175 192
Interest expense 3 4
Current service cost 19 8
Past service cost 1 (3)
Benefits paid (62) (61)
Actuarial gain/(loss)  282 8
Gain/(loss) due to curtailments or settlements 7  - 
Changes in the Group  -  28
Reclassification to liabilities associated with assets held for sale  -  (1)
Value of obligation shown in the statement of financial position at end of the period 425 175
Retirement severance
Value of obligation shown in the statement of financial position at beginning of the period 202 211
Current service cost 2 8
Interest expense 4 4
Benefits paid (15) 2
Actuarial gain/(loss)  (108) (39)
Gain/(loss) due to curtailments or settlements (7)  - 
Changes in the Group  -  16
Value of obligation shown in the statement of financial position at end of the period 78 202
Total value of obligation shown in the statement of financial position at end of the period 503 377
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The technical rate applied to calculate the discounted value of the future retirement severance obligations was 2.4%, as the resultant of the 4.35% annual return on long-term treasury bonds and the 1.9% forecast annual salary growth (at the end of 2012 the applied technical rate was 2.0%, as the resultant of 3.73% and 1.7%, respectively).

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