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The funded status of the pension plans at year-end 2010, was estimated to be a deficit of €1.0 billion (year-end 2009: €1.9 billion). The movement is due to lower discount rates increasing the pension obligation, compensated by:

  • Increased asset values.
  • Lower inflation expectations.
  • Top-up payments of €375 million into certain defined benefit pension plans.

Copyright © 2011 Akzo Nobel N.V.