Henkel Annual Report 2011


Fair value of plan assets at December 31, 2011

in million euros

Germany

USA

Rest of world

Total

At January 1, 2011

20986866033387

Changes in the Group

3

3

Translation differences

24 1337

Employer contributions to pension funds

23

2346

Employee contributions to pension funds

11

Retirement benefits paid out of plan assets

–119

-46-30-195

Expected return on plan assets

1193526180

Actuarial gains (+) / losses (–)

-188299-150

At December 31, 2011

19337286423303

Actual return on plan assets

-69643530