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Changes in underlying parameters

Changes in the underlying parameters primarily relate to the exchange rates used for currency translation and to the interest rates for determining defined benefit obligations.

The euro exchange rates of certain significant currencies changed as follows:

 

 

 

 

 

 

Rate at the reporting date

Annual average rate

 

 

 

 

 

 

 

June 30, 2022

Dec. 31, 2021

June 30, 2021

H1 2022

H1 2021

100 Czech korunas (CZK)

4.04139

4.02124

3.92280

4.04515

3.92724

100 Croatian kuna (HRK)

13.27840

13.30760

13.34740

13.28860

13.33560

1,000 Hungarian forints (HUF)

2.51566

2.70845

2.84443

2.51843

2.85699

100 Macedonian denars (MKD)

1.62405

1.62339

1.62273

1.62386

1.62601

100 Polish zlotys (PLN)

21.32330

21.75600

22.13050

21.51700

22.20540

1 U.S. dollar (USD)

0.96219

0.88285

0.84076

0.94632

0.83050

The following key discount rates were used when calculating the present value of defined benefit obligations:

%

 

 

 

June 30, 2022

Dec. 31, 2021

Germany

3.22

1.18

United States

4.91

3.05

Switzerland

2.35

0.33