Page 98 - Demo

The expenses for defined benefit plans recognized in the income statement are as follows:in CHF millions 2023 2022Current service costs 5.6 6.9 Past service costs (0.3) (0.5) Net interest cost (0.1) 0.3 Expense for defined benefit pension plans 5.2 6.7 The funded and unfunded defined benefit obligations are as follows: in CHF millions 2023 2022Defined benefit obligations (153.2) (141.0) thereof unfunded (18.3) (20.1) Fair value of plan assets 148.8 142.9 Funded status (4.4) 1.9 Impact of minimum funding requirement/asset ceiling (0.6) (19.6) Net retirement benefit obligations recognized in the statement of financial position (5.0) (17.7) Retirement benefit assets recognized in the statement of financial position 22.9 10.9 Retirement benefit obligations recognized in the statement of financial position 27.9 28.6 As of December 31, 2023, pension plans in Japan, the Philippines and the principal plan in Switzerlandwere in a surplus situation and other pension plans in Switzerland were in a deficit situation. The pension plan in Thailand does not include a funding requirement and the plan in Taiwan requires only partial funding.in CHF millions 2023 2022SwitzerlandDefined benefit obligations (120.1) (106.0) Fair value of plan assets 134.4 127.1 Funded status 14.3 21.1 Other countriesDefined benefit obligations (33.1) (35.0) thereof unfunded (18.3) (20.1) Fair value of plan assets 14.4 15.8 Funded status (18.7) (19.2) 96 Notes to the Consolidated Financial Statements