APC 2004 Annual Report Download - page 90

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88
(in millions of euros)
Dec. 31, 2004 Dec. 31, 2003
o/w US plans o / w US plans
3. Change in projected benefit obligation
Projected benefit obligation
at beginning of year 1,568.3
760.1
1,599.9
856.0
Service cost 48.5
14.8
46.9
16.3
Interest cost 87.9
48.7
89.1
52.7
Actuarial losses (gains) (25.2)
19.7
55.0
21.9
Plan participants’contributions 3.3 - 3.6
Prior service cost (0.8) - 3.5
1.9
Acquisitions – Disposals 11.6 - 25.6
Benefits paid (49.9)
(36.4)
(61.3)
(37.7)
Translation adjustment (59.9)
(59.4)
(194.0)
(151.1)
Projected benefit obligation at end of year 1,583.8
747.5
1,568.3
760.1
(in millions of euros)
Dec. 31, 2004 Dec. 31, 2003
o/w US plans o / w US plans
4. Change in fair value of plan assets
Fair value of plan assets at beginning of year 1,007.7
726.3
914.8
610.5
Actual return on plan assets 132.1
104.8
170.4
139.9
Plan participants' contributions 3.3 - 3.6 -
Employer contributions 18.2
1.0
161.6
143.4
Prior service cost - - (0.3) -
Acquisitions - Disposals 0.8 - 7.8 -
Benefits paid (46.9)
(36.4)
(61.3)
(37.7)
Translation adjustment (47.6)
(58.9)
(188.9)
(129.8)
Fair value of plan assets at end of year 1,067.6
736.8
1,007.7
726.3
(in millions of euros)
Dec. 31, 2004 Dec. 31, 2003
o/w US plans o / w US plans
5. Funded status
Funded status (516.2)
(10.7)
(560.6)
(33.8)
Unrecognized actuarial (gains)/losses 337.6
232.1
449.0
290.2
Unrecognized prior service cost 45.4
20.9
28.0
25.5
Unrecognized initial liability 1.8 - (1.7) -
Net (liability)/asset recognized (131.4)
242.3
(85.3)
281.9