Deutsche Telekom - The 2010 financial year. Fit f�r die Gigabit-Gesellschaft. - Notes to the consolidated statement of financial position.

Quickfinder

page 14 | 20

11 Trade and other payables.
	Dec. 31, 2010 millions of €	Dec. 31, 2009 millions of €

Trade payables	6,737	6,294
Other liabilities	13	10
	6,750	6,304

Of the total of trade and other payables, EUR 6,745 million (December 31, 2009: EUR 6,300 million) is due within one year.

12 Provisions for pensions and other employee benefits.
Defined benefit plans.

The following table shows the composition of pension obligations:
	Dec. 31, 2010 millions of €	Dec. 31, 2009 millions of €

Defined benefit liability	6,373	6,179
Defined benefit asset	(28)	(14)
Net defined benefit liability	6,345	6,165
Pension obligations
– Unfunded	5,996	5,804
– Funded	346	358
Obligations in accordance with Article 131 GG	3	3

The defined benefit asset is recognized under other non-current assets in the consolidated statement of financial position.

Calculation of net defined benefit liability (+)/defined benefit asset (–):
	Dec. 31, 2010 millions of €	Dec. 31, 2009 millions of €

Present value of funded obligations	977	979
Plan assets at fair value	(629)	(618)
Defined benefit obligations in excess of plan assets	348	361
Present value of unfunded obligations	6,040	5,854
Unrecognized past service cost	(43)	(50)
Defined benefit liability (+)/defined benefit asset (–) according to IAS 19.54	6,345	6,165

Assumptions for the measurement of defined benefit obligations as of December 31:
		2010 %	2009 %

Discount rate	Germany	5.16	5.25
	Switzerland (T-Systems)	3.05	3.15
	Greece (OTE S.A.)	4.56/3.71	4.56/3.89
	United Kingdom	5.40	5.70
Projected salary increase	Germany (pay-scale employees)	3.25	3.25
	Germany (non-pay-scale employees)	3.50	3.50
	Switzerland (T-Systems)	1.50	1.50
	Greece (OTE S.A.)	2.20/3.20/ 2.40/2.50	4.50/5.50
	United Kingdom	4.40	4.60
Projected pension increase	Germany (general)	1.50	1.50
	Germany (according to articles of association)	1.00	1.00
	Switzerland (T-Systems)	0.30	0.30
	Greece (OTE S.A.)	n.a.	n.a.
	United Kingdom	3.20	3.40

Pension obligations at German entities of the Group are measured using the biometrical assumptions of the 2005G tables published by Prof. Klaus Heubeck. Local actuarial tables are used in the other countries.

page 14 | 20

top