9. Pension Provisions

The calculation of pension provisions as of 30 June 2017 was based on an interest rate of 1.60 % (31 December 2016: 1.40 %; 30 June 2016: 1.00 %). The calculation of provisions for working lifetime accounts as of 30 June 2017 was based on an interest rate of 1.90 % (31 December 2016: 1.70 %; 30 June 2016: 1.00 %). Actuarial gains/losses changed as follows. These are recognised in equity without effect on profit and loss.

Development of Actuarial Gains/Losses

in € thousand

 

2017

 

2016

Cumulative actuarial gains (+)/losses (-) as of 1 January

 

- 85,844

 

- 40,637

Change during the financial year due to a change in interest rate

 

14,200

 

- 73,471

Cumulative actuarial gains (+)/losses (-) as of 30 June

 

- 71,644

 

- 114,108