Henkel Annual Report 2011


Fair value of reimbursement rights at December 31, 2011

in million euros

Germany

USA

Rest of world

Total

At January 1, 2011

90

90

Changes in the Group

Translation differences

2

2

Employer contributions to pension funds

Employee contributions to pension funds

Retirement benefits paid out of reimbursement rights

-7

-7

Expected return on reimbursement rights

4

4

Actuarial gains (+) / losses (–)

5

5

At December 31, 2011

84

84

Actual return on reimbursement rights


1


1