The movements recorded in the Group’s financial statements pertaining to the Defined Benefits Plan were as
follows:
The surplus that exists in the Benefits Plan defined on 31 December 2012 was recognised as an asset since it will
have an effect on the Group’s future contributions.
In 2012, ANA, S.A. delivered 940 thousand euros for the financing of liabilities related to future payments of
pensions.
Defined Contribution Plan
The defined contribution plan encompasses all workers of ANA, S.A., and the company contribution is carried out
according to the following conditions:
• 2.8% of the reference salary, in case the worker does not provide own contributions;
• 3.5% of the reference salary, in case the worker chooses to make a contribution of, at least, 1%.
The value of the contributions made by ANA, S.A. to this fund during the year 2012 rose to €1,287,920.71
(€1,296,267.76 in 2011).
ANNUAL REPORT ‘12
NOTES TO THE FINANCIAL STATEMENTS
227
Balance as of 1 January 2011
532,419.63
Cost of the year 2011
Cost of interest
(199,555.52)
Expected revenue from fund assets
209,073.91
Actuarial loss - Difference between expected revenue and actual revenue
(327,255.23)
Actuarial gains
176,453.74
(141,283.10)
Balance as of 31 December 2011
391,136.53
Cost of the year 2012
Cost of interest
(190,039.68)
Expected revenue from fund assets
192,610.65
Actuarial gain - Difference between expected revenue and actual revenue
101,367.75
Actuarial losses
(775,346.30)
Contributions for the year
940,000.00
Pensions payable
(597,581.46)
(328,989.04)
Balance as of 31 December 2012
62,147.49
