(Solution) - An excerpt from Note 18 to the 2009 financial statements -(2025 Original AI-Free Solution)

Paper Details

An excerpt from Note 18 to the 2009 financial statements of The Lindt & Sprüngli Group, dealing with employee benefits, is presented in Exhibit 10-19. As you probably know, Lindt & Sprüngli is a Swiss-based manufacturer of fine chocolates.
In Exhibit 10-19

The pension assets as at December 31, 2009, include shares of the Lind t & Sprüngli Group with a market value of CHF 786,0 million (CHF 702.2 million in 2008). The market value of real estate rented by the Group is CHF 13.8 million (CHF 12.2 million in 2008).
Required:
a. What types of pension plans and other long-term benefit plans does Lindt 8c Sprüngli have?
b. In Lindt & sprüngli?s 2009 statement of earnings, what are the total expenses related to the pension and long-term benefit plans?
c. What is the total pension plan obligation for Lindt & Sprüngli as at December 31, 2009?
d. What is the total fair value of pension plan assets for Lindt & Sprüngli as at December 31, 2009?
e. Are Lindt & sprüngli?s pension plans underfunded or overfunded, and by what amount?
f. What is the net asset or liability related to pension plans that is reported on Lindt & sprüngli?s balance sheet as at December 31, 2009?