Balance sheet risk

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Balance sheet risks arise from the tax framework of a direct commitment ( pension commitment ). There are two ways of realizing such risks . On the one hand the replenishment risk, on the other hand the dissolution risk. A pension provision is either to be increased to the full actuarial present value or to be reversed completely. Since provisions in the balance sheet (shown there as debt capital) are built up proportionally ( partial values ), the earlier the insured event occurs, the greater the jump in the balance sheet ( e.g. disability of the employee ). This can lead to over-indebtedness of the company in the balance sheet (so-called balance sheet risk).

Replenishment risk

If the employee entitled to a pension with non-forfeitable entitlements leaves the company, or if the insured event occurs prematurely, the company must immediately create provisions in the amount of the present value of the pension. When the insured event occurs, the present value is always the highest.

The main problem is regularly is that the accrued liquidity will not be enough, as a rule, the obligation in full for For finance . If the replenishment also takes place in a low-income year, the income tax savings ( corporation tax , trade tax ) cannot be realized in this year. Since the pension payment that becomes due (e.g. disability pension) leads to an immediate additional burden on the profit situation, the company's creditworthiness is reduced .

Dissolution risk

If the employee dies (assumed here without surviving dependents), for example, immediately / shortly before retirement, high partial values ​​for pension provision are regularly entered in the balance sheet, almost at the level of the present value of the retirement pension. This must be resolved immediately, which results in a considerable increase in profit and thus a tax burden. Despite the simultaneous increase in equity and thus the equity ratio that is often desired by companies, liquidity is reduced.

Protective measures

Balance sheet risks are to be taken into account by the company in the liquidity planning. The risk can be avoided by building up a capital stock, for example by taking out a (congruent, i.e. 1: 1 covering) reinsurance policy , saving a savings account or paying money into a fund for the benefit of the employee entitled to the pension .

See also

Individual evidence

  1. ↑ Frank Nevels practical handbook Promotion of old-age provision: With state help for optimal care
  2. ↑ Helmut Asmis, Heide Engelstädter, Ingela Schwebe Company pension schemes: the most frequently used labor and tax terms from A to Z.
  3. ↑ Ralf Schnelle company pension scheme for professional insurance salespeople  ( page no longer available , search in web archives )  Info: The link was automatically marked as defective. Please check the link according to the instructions and then remove this notice.@1@ 2Template: Toter Link / books.google.nl  

literature

  • Sebastian Orthmann, Company pension scheme in the annual financial statements according to HGB, US-GAAP and IAS, Tenea legal series , Volume 27