Notes to the Consolidated Financial Statements (22.1) Employee benefit obligations (defined benefit plans and other long-term benefits) in CHF million 2018 2017 Funded Unfunded Total Funded Unfunded Total Switzerland Fair value of plan assets 870.0 – 870.0 871.5 – 871.5 Present value of defined benefit obligation (1,153.5) – (1,153.5) (1,111.8) – (1,111.8) Net defined benefit (liability)/asset at December 31 (283.5) – (283.5) (240.3) – (240.3) Other plans Fair value of plan assets 119.4 – 119.4 128.0 – 128.0 Present value of defined benefit obligation (241.0) (61.4) (302.4) (260.2) (57.3) (317.5) Net defined benefit (liability)/asset at December 31 (121.6) (61.4) (183.0) (132.2) (57.3) (189.5) Total Fair value of plan assets 989.4 – 989.4 999.5 – 999.5 Present value of defined benefit obligation (1,394.5) (61.4) (1,455.9) (1,372.0) (57.3) (1,429.3) Net defined benefit (liability)/asset at December 31 (405.1) (61.4) (466.5) (372.5) (57.3) (429.8) Present value of other employee benefits – (161.9) (161.9) – (129.8) (129.8) Total net book value employee benefits at December 31 (405.1) (223.3) (628.4) (372.5) (187.1) (559.6) in CHF million 2018 2017 Current portion of total net book value employee benefits (105.6) (8.7) Non-current portion of total net book value employee benefits (522.8) (550.9) Total net book value employee benefits (628.4) (559.6) Reconciliation of fair value of plan assets (22.2) in CHF million 2018 2017 Switzerland Other plans Total Switzerland Other plans Total Opening balance at January 1 871.5 128.0 999.5 819.6 115.5 935.1 Interest income on plan assets 6.5 3.1 9.6 6.1 3.0 9.1 Return on plan assets excluding interest income (13.6) (3.9) (17.5) 37.2 4.0 41.2 Contributions by employer 23.9 4.8 28.7 23.4 4.4 27.8 Contributions by plan participants 16.1 0.1 16.2 15.2 0.1 15.3 Benefits paid (34.4) (6.2) (40.6) (30.0) (6.1) (36.1) Settlements – (1.2) (1.2) – (0.3) (0.3) Currency translation adjustment – (5.3) (5.3) – 7.4 7.4 Closing balance at December 31 870.0 119.4 989.4 871.5 128.0 999.5 2018 Financial Report | 58