XML 190 R79.htm IDEA: XBRL DOCUMENT v3.22.2
Post-employment benefits (Tables)
 12 Months Ended
Mar. 31, 2022
Employee Benefits [Abstract]  
Disclosure and Reconciliation of Net Defined Benefit Liability (Asset) and Income Statement Impact
(EUR thousand)As of March 31
202220212020
Balance sheet obligations for:
Pension benefits liability4,190 7,020 7,619 
Long service leave487 536 343 
Income statement (credit) charge for:
Pension benefits1,398 1,106 1,155 
Long service leave(46)199 76 
Other comprehensive (income)/loss:
Remeasurements of post employment benefit obligations(3,826)(52)2,162 
The table below reconciles the net obligation in respect of the Group’s pension plans and other post-employment benefit plans with the amounts recognized in the consolidated financial statements.
(EUR thousand)For the financial year ended March 31
Changes in the present value of defined benefit obligation202220212020
Defined benefit obligation as of April 117,149 16,939 12,822 
Current service cost2,152 721 1,202 
Interest expense73 99 166 
Contributions by employees1,807 1,473 838 
(Gain)/loss from change in demographic assumptions(350)— — 
(Gain)/loss from change in financial assumptions(2,342)(130)1,915 
Experience (gains)/loss(1,102)94 211 
Past service cost and gains and losses on settlements(373)— — 
Benefits paid(4,377)(1,369)(884)
Settlements(219)23 (2)
Exchange differences945 (701)671 
Defined benefit obligation as of March 3113,363 17,149 16,939 
(EUR thousand)For the financial year ended March 31
Changes in the fair value of plan assets202220212020
Opening balance fair value of plan assets10,130 9,320 7,760 
Interest income24 28 79 
Return on plan assets (excluding amounts included in net interest costs)32 16 (36)
Contributions by employer620 684 714 
Contributions by employees1,807 1,473 838 
Benefits paid(4,174)(981)(575)
Exchange differences734 (410)540 
Closing balance fair value of plan assets as of March 319,173 10,130 9,320 
(EUR thousand)For the financial year ended March 31
Amounts recognized in the income statement202220212020
Current service cost2,152 721 1,202 
Interest cost49 71 87 
Past service cost(373)— — 
Effect of any curtailments/settlements (+/-)(219)23 (3)
Unrealized FX impact(211)291 (131)
Total net periodic cost (income)1,398 1,106 1,155 
Disclosure of Financial and Demographic Assumptions These calculations were based on the following financial and demographic assumptions:
(%)
As of March 31, 2022
AustriaSwitzerlandFranceItalyKoreaTurkeyJapanSlovakiaSpain
Discount rate1.10 %1.10 %1.20 %1.00 %2.80 %22.50 %0.30 %1.40 %1.10 %
Inflation rate—1.00 %—1.50 %—————
Future salary increases3.00 %1.50 %2.00 %— 2.00 %19.00 %3.00 %8.40 %—
Future pension increases—————————
(%)
As of March 31, 2021
AustriaSwitzerlandFranceItalyKoreaTurkeyJapanSlovakiaSpain
Discount rate0.40 %0.20 %0.40 %0.30 %2.00 %12.50 %———
Inflation rate—1.00 %—1.50 %—————
Future salary increases3.00 %1.50 %2.00 %— 2.00 %15.00 %———
Future pension increases—————————
(%)
As of March 31, 2020
AustriaSwitzerlandFranceItalyKoreaTurkeyJapanSlovakiaSpain
Discount rate0.90 %0.30 %0.90 %0.80 %2.00 %12.00 %———
Inflation rate—1.00 %—1.50 %—————
Future salary increases3.00 %1.50 %2.00%— 2.00 %15.00 %———
Future pension increases—————————
(Retirement age)
As of March 31, 2022
AustriaSwitzerlandFranceItalyKoreaTurkeyJapanSlovakiaSpain
Retirement age:
- Male6265646760Individual65Individual67
- Female6264626760Individual65Individual67
(Retirement age)
As of March 31, 2021
AustriaSwitzerlandFranceItalyKoreaTurkeyJapanSlovakiaSpain
Retirement age:
- Male6265646760Individual---
- Female6264626760Individual---
(Retirement age)
As of March 31, 2020
AustriaSwitzerlandFranceItalyKoreaTurkeyJapanSlovakiaSpain
Retirement age:
- Male6265646760Individual---
- Female6264626760Individual---
Maturity profile of the post-employment benefit planAustriaSwitzerlandFranceItalyKoreaTurkeyJapanSlovakiaSpain
Duration in years 11.4917.0215.789.6411.878.968.6723.2811.67
Expected contributions as of March 31, 2022 in EUR thousands— 629 — — — — — — — 
Maturity profile of the post-employment benefit planAustriaSwitzerlandFranceItalyKoreaTurkeyJapanSlovakiaSpain
Duration in years12.1020.5016.409.8012.1013.30— — — 
Expected contributions as of March 31, 2021 in EUR thousands— 694 — — — — — — — 
Maturity profile of the post-employment benefit planAustriaSwitzerlandFranceItalyKoreaTurkeyJapanSlovakiaSpain
Duration in years13.5020.9016.4010.2012.9013.20— — — 
Expected contributions as of March 31, 2020 in EUR thousands— 725 — — — — — — — 
Disclosure of Fair Value of Plan Assets and Position of Post-Employment Benefit Plan
The table below shows the fair value of plan assets relating to the Group’s pension and other post-employment plans, split by asset category:
(EUR thousands)As of March 31
202220212020
Plan assets are comprised as follows:Value%Value%Value%
Insurance contracts9,173 100.0 %10,130 100.0 %9,320 100.0 %
Total9,173 100 %10,130 100 %9,320 100 %
The pension plans in Switzerland are the only funded plans in the Group.
(EUR thousand)As of March 31
Position of the post-employment benefit plan202220212020
Present value of defined benefit obligation13,362 17,149 16,939 
Fair value of plan assets(9,172)(10,130)(9,320)
Deficit in the plan4,190 7,019 7,619 
Experience adjustments on defined benefit obligation1,102 (94)(211)
Disclosure of Sensitivity Analysis for Actuarial Assumptions
The tables below summarizes the percentage change in the Net defined benefit obligation as of March 31, as a result of sensitizing each of the metrics (discount rate, salary growth rate, and actuarial basis (mortality)) on a country-level:
(%)
As of March 31, 2022
Sensitivity analysisAustriaSwitzerlandFranceItalyKoreaTurkeyJapanSlovakiaSpain
Discount rate - decrease by 0.5%
+5.9 %+8.9 %+8.2 %+5.0 %+6.0 %+3.8 %+4.4 %+12.2 %+6.0 %
Discount rate - increase by 0.5%
-5.5 %-7.8 %-7.4 %-4.6 %-5.5 %-3.5 %-4.2 %-10.8 %-5.6 %
Salary growth rate - decrease by 0.5%
-5.4 %-0.9 %-7.4 %-4.4 %-5.5 %-3.6 %-4.1 %-10.2 %-5.6 %
Salary growth rate - increase by 0.5%
+5.7 %+0.9 %+8.1 %+4.7 %+5.9 %+3.8 %+4.30 +11.40 +6.00 
Actuarial basis (mortality) (10.0)%
—+1.1 %— — — — ———
Actuarial basis (mortality) 10.0%
—-1.1 %———————
(%)
As of March 31, 2021
Sensitivity analysisAustriaSwitzerlandFranceItalyKoreaTurkeyJapanSlovakiaSpain
Discount rate - decrease by 0.5%
+6.2 %+11.0 %+8.6 %+5.1 %+6.2 %+6.2 %———
Discount rate - increase by 0.5%
-5.8 %-9.4 %-7.8 %-4.7 %-5.7 %-5.7 %———
Salary growth rate - decrease by 0.5%
-5.7 %-1.1 %-7.7 %-4.4 %-5.6 %-5.5 %———
Salary growth rate - increase by 0.5%
+6.0 %+1.2 %+8.4 %+4.7 %+6.0 %+6.0 %———
Actuarial basis (mortality) (10.0)%
—+1.7 %———————
Actuarial basis (mortality) 10.0%
—-1.6 %———————
(%)
As of March 31, 2020
Sensitivity analysisAustriaSwitzerlandFranceItalyKoreaTurkeyJapanSlovakiaSpain
Discount rate - decrease by 0.5%
+6.9 %+11.2 %+8.6 %+5.3 %+6.6 %+6.1 %———
Discount rate - increase by 0.5%
-6.4 %-9.6 %-7.7 %-4.8 %-6.1 %-5.6 %———
Salary growth rate - decrease by 0.5%
-6.3 %-1.4 %-7.7 %-4.6 %-6.0 %-5.5 %———
Salary growth rate - increase by 0.5%
+6.7 %+1.4 %+8.4 %+5.0 %+6.5 %+5.9 %———
Actuarial basis (mortality) (10.0)%
—+1.6 %———————
Actuarial basis (mortality) 10.0%
—-1.5 %———————