APC 2009 Annual Report Download - page 158

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2009 REGISTRATION DOCUMENT SCHNEIDER ELECTRIC156
CONSOLIDATED FINANCIAL STATEMENTS
5NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
Dec. 31, 2009 Dec. 31, 2008
o/w US plans o/w US plans
5. Funded status
Projected benefi t obligation (2,055) (937) (2,036) (1,013)
Fair value of plan assets 1,112 643 1,010 611
Surplus/ (Defi cit) (943) (294) (1,026) (402)
Effect of the asset ceiling (1) - (2) -
Deferred items:
Unrecognized past service cost 0 111
NET ASSET/(LIABILITY) RECOGNISED IN THE BALANCE SHEET (944)
(293)
(1,027)
(401)
Amounts related to pensions and termination benefi t obligations as of 2009 and the four previous periods are as follows:
Dec. 31, 2009 Dec. 31, 2008 Dec. 31, 2007 Dec. 31, 2006 Dec. 31, 2005
6. Historical data
Projected benefi t obligation (2,055) (2,036) (1,958) (2,035) (1,994)
Fair value on plan assets 1,112 1,010 1,402 1,418 1,395
Surplus/ (Defi cit) (943) (1,026) (556) (618) (598)
Effect of the asset ceiling (1) (2) (10) - -
Deferred items:
Unrecognized past service cost 0111(2)
(LIABILITIES) /NET ASSET RECOGNISED
IN THE BALANCE SHEET (944) (1,027) (565) (617) (600)
22.3 - Provisions for other post-employment benefits
Changes in provisions for other post-employment and long-term benefi ts were as follows:
Dec. 31, 2009 Dec. 31, 2008
1. Components of net cost recognised in the statement of income
Service cost 46
Interest cost (impact of discounting) 22 21
Expected return on plan assets --
Past service cost (4) (5)
Curtailments and settlements --
Amortisation of actuarial gains & losses - (1)
NET COST RECOGNISED IN THE STATEMENT OF INCOME 22 21
Amortisation of actuarial gains and losses concern long-term benefi ts for active employees, notably long service awards in France.