Funding ratio

The Board of Directors bases its decisions on issues such as indexation or the amount of the pension contribution on the funding ratio. The funding ratio is a key indicator of the financial position of the section, indicating the ratio between the available assets and the future pension liabilities.

The funding ratio of the section Genencor Netherlands was 115% as at 31 December 2018 (audited). The funding ratio decreased during 2018 due to the negative performance of the investments. Due to positive investment results, the coverage ratio recovered in the first months of 2019. When determining the indicative data below, the revaluation of the obligations that will take place at the end of 2019 has not yet been taken into account.

Ultimo Funding ratio
2016 116%
2017 128%
2018 114%
2019 Q1 (unaudited) 122%
2019 Q2 (unaudited) 126%
2019 Q3 (unaudited) 129%