APC 2007 Annual Report Download - page 135

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5
Consolidated financial statements at December 31, 2007
Dec. 31, 2007 Dec. 31, 2006
2. Change in projected benefit obligation
Projected benefit obligation at beginning of year 477.2 543.6
Service cost 6.0 6.2
Interest cost (effect of discounting) 21.8 25.2
Plan participants' contribution 1.5 1.7
Benefits paid (25.8) (27.2)
Actuarial (gains)/losses recognized in equity (76.9) (23.7)
Past service cost 0.3 -
Changes in the scope of consolidation -(0.7)
Translation adjustments (39.2) (48.1)
Other (including curtailments and settlements) 1.5 0.2
Projected benefit obligation at end of year 366.4 477.2
Dec. 31, 2007 Dec. 31, 2006
3. Funded status
Projected benefit obligation 366.4 477.2
Deferred items:
Unrecognized past service cost 32.8 39.7
Provision recognized in the balance sheet 399.2 516.9
Actuarial gains and losses have been fully recognized in "Other reserves" (note 14.7).
They stem from changes in actuarial assumptions (primarily the discount rate).
Actuarial gains related to experience adjustments amounted to 59 million at December 31, 2007 for the Group.
Dec. 31, 2007 Dec. 31, 2006
1. Components of net cost recognized in the statement of income
Service cost 6.0 6.2
Interest cost (impact of discounting) 21.8 25.2
Expected return on plan assets 0.0 -
Past service cost (4.4) (5.0)
Curtailments and settlements - -
Net cost recognized in the statement of income 23.4 26.4
15.3 - Provision for other post-employment benefits
Changes in provisions for other post-employment and long-term benefits were as follows:
133