14. Employer contribution reserves and pension fund liabilities
Employer contribution reserve (ECR)
EUR thousands | Nominal value 31.12.2024 | Balance sheet 31.12.2024 | Currency gain (+)/ loss (–) on ECR 2024 | Balance sheet 31.12.2023 | Expense (–)/ income (+) in personnel expenses 2024 | Expense (–)/ income (+) in personnel expenses 2023 |
Pension trust fund | 3,143 | 3,143 | –38 | 3,181 | - | - |
Total | 3,143 | 3,143 | –38 | 3,181 | - | - |
No interest was paid on the employer contribution reserve in either year.
Economic benefits/economic liabilities and pension expenses
EUR thousands | Excess/ (inad- equate) cover 31.12.20241 | Economic share of organi- sation 31.12.2024 | Economic share of organi- sation 31.12.2023 | Capitalised in business year 2024 | Contri- butions accrued 2024 | Pension expenses in personnel expenses 2024 | Pension expenses in personnel expenses 2023 |
Pension trust fund | 2,669 | - | - | - | - | - | - |
Personnel pension fund collective fund | 12,667 | - | - | - | 3,045 | 3,045 | 2,805 |
Pension plans abroad | - | - | - | - | 11,231 | 11,231 | 11,274 |
Total | 15,336 | - | - | - | 14,276 | 14,276 | 14,079 |
1The details regarding the excess coverage in 2024 are based on provisional financial statements as at 31 December 2024.
Please refer to item “10. Pension funds” of the Accounting and valuation principles in the consolidated financial statements and to the pension commitments in item 6. Provisions in these notes to the consolidated financial statements.