Pension Commitments
The Company participates in several pension plans for both
executive as well as non-executive employees, some of which are
underfunded. For information related to these plans, see “Notes
to the Consolidated Financial Statements (IFRS) — Note 25b:
Provisions for retirement plans”. Although the Company has
recorded a provision in its balance sheet for its share of the
underfunding based on current estimates, there can be no
assurance that these estimates will not be revised upward in the
future, leading the Company to record additional provisions in
respect of such plans.