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Software AG GB 2012, englisch

SOFTWARE AG | ANNUAL REPORT 2012 202 The Consolidated Balance Sheet included the following items relating to significant defined benefit plans as of December 31, 2012 and December 31, 2011: in €thousands Dec. 31, 2012 Dec. 31, 2011 Benefit obligation, fully funded 1,637 6,160 Benefit obligation, partially funded 92,659 67,887 Benefit obligation, unfunded 2,592 1,932 96,888 75,979 Present value of plan assets -49,735 -43,966 Net carrying amounts 47,153 32,013 of which provisions for pensions 47,153 32,166 of which plan assets 0 155 Pension commitments in Germany consist of fixed commitments to a select group of people. These com- mitments are partially covered by life reinsurance policies. The major part of the foreign pension commitments result from a defined benefit plan of Software AG (U.K.) Limited, United Kingdom. The commitments comprise post-employment benefits for employees as well as benefits payable to their surviving dependents on the employees’ death during their active service period. Both the pension commitments from the plan of Software AG (U.K.) Limited and the pension commitments of the other foreign subsidiaries are partially funded through plan assets. The actuarial calculations of the defined benefit obligations are based on the following assumptions (weighted averages): Actuarial assumptions in % Domestic pension plans Foreign pension plans 2012 2011 2012 2011 Discount rate 3.3 5.0 4.0 4.3 Expected salary increases 0.0 0.0 4.3 4.0 Expected pension increases 2.0 2.0 2.1 1.9 Expected return on plan assets 3.3 4.0 4.7 4.3