APC 2009 Annual Report Download - page 156

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2009 REGISTRATION DOCUMENT SCHNEIDER ELECTRIC154
CONSOLIDATED FINANCIAL STATEMENTS
5NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
Changes in gross items recognised in equity were as follows:
Pensions
and termination benefi ts Other post-employment
and long-term benefi ts
Provisions for pensions
and other
post-employment benefi ts
Dec. 31, 2007 40 (85) (45)
Actuarial (gains)/losses on projected benefi t obligation 28 21 49
Actuarial (gains)/losses on plan assets 385 - 385
Effect of the asset ceiling 2 - 2
Dec. 31, 2008 455 (64) 391
Actuarial (gains)/losses on projected benefi t obligation 75 11 86
Actuarial (gains)/losses on plan assets (71) - (71)
Effect of the asset ceiling (1) - (1)
DEC. 31, 2009 458 (53) 405
22.2 - Provisions for pensions and termination benefit obligations
Annual changes in obligations, the market value of plan assets and the corresponding assets and provisions recognised in the consolidated
fi nancial statements can be analysed as follows:
Dec. 31, 2009 Dec. 31, 2008
o/w US plans o/w US plans
1. Reconciliation of balance sheet items
Pension assets ----
Provisions for pensions and other post-employment benefi t (944) (293) (1,027) (401)
NET ASSET/(LIABILITY) RECOGNISED IN THE BALANCE SHEET (944)
(293)
(1,027)
(401)
Dec. 31, 2009 Dec. 31, 2008
o/w US plans o/w US plans
2. Components of net cost recognised in the statement of income
Service cost 55 18 54 17
Interest cost (impact of discounting) 109 57 102 52
Expected return on plan assets (74) (50) (104) (73)
Past service cost - -55
Curtailments and settlements (92) (91) (2) -
NET COST RECOGNISED IN THE STATEMENT OF INCOME (2)
(66)
55
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