APC 2010 Annual Report Download - page 198

Download and view the complete annual report

Please find page 198 of the 2010 APC annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 292

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52
  • 53
  • 54
  • 55
  • 56
  • 57
  • 58
  • 59
  • 60
  • 61
  • 62
  • 63
  • 64
  • 65
  • 66
  • 67
  • 68
  • 69
  • 70
  • 71
  • 72
  • 73
  • 74
  • 75
  • 76
  • 77
  • 78
  • 79
  • 80
  • 81
  • 82
  • 83
  • 84
  • 85
  • 86
  • 87
  • 88
  • 89
  • 90
  • 91
  • 92
  • 93
  • 94
  • 95
  • 96
  • 97
  • 98
  • 99
  • 100
  • 101
  • 102
  • 103
  • 104
  • 105
  • 106
  • 107
  • 108
  • 109
  • 110
  • 111
  • 112
  • 113
  • 114
  • 115
  • 116
  • 117
  • 118
  • 119
  • 120
  • 121
  • 122
  • 123
  • 124
  • 125
  • 126
  • 127
  • 128
  • 129
  • 130
  • 131
  • 132
  • 133
  • 134
  • 135
  • 136
  • 137
  • 138
  • 139
  • 140
  • 141
  • 142
  • 143
  • 144
  • 145
  • 146
  • 147
  • 148
  • 149
  • 150
  • 151
  • 152
  • 153
  • 154
  • 155
  • 156
  • 157
  • 158
  • 159
  • 160
  • 161
  • 162
  • 163
  • 164
  • 165
  • 166
  • 167
  • 168
  • 169
  • 170
  • 171
  • 172
  • 173
  • 174
  • 175
  • 176
  • 177
  • 178
  • 179
  • 180
  • 181
  • 182
  • 183
  • 184
  • 185
  • 186
  • 187
  • 188
  • 189
  • 190
  • 191
  • 192
  • 193
  • 194
  • 195
  • 196
  • 197
  • 198
  • 199
  • 200
  • 201
  • 202
  • 203
  • 204
  • 205
  • 206
  • 207
  • 208
  • 209
  • 210
  • 211
  • 212
  • 213
  • 214
  • 215
  • 216
  • 217
  • 218
  • 219
  • 220
  • 221
  • 222
  • 223
  • 224
  • 225
  • 226
  • 227
  • 228
  • 229
  • 230
  • 231
  • 232
  • 233
  • 234
  • 235
  • 236
  • 237
  • 238
  • 239
  • 240
  • 241
  • 242
  • 243
  • 244
  • 245
  • 246
  • 247
  • 248
  • 249
  • 250
  • 251
  • 252
  • 253
  • 254
  • 255
  • 256
  • 257
  • 258
  • 259
  • 260
  • 261
  • 262
  • 263
  • 264
  • 265
  • 266
  • 267
  • 268
  • 269
  • 270
  • 271
  • 272
  • 273
  • 274
  • 275
  • 276
  • 277
  • 278
  • 279
  • 280
  • 281
  • 282
  • 283
  • 284
  • 285
  • 286
  • 287
  • 288
  • 289
  • 290
  • 291
  • 292

CONSOLIDATED FINANCIAL STATEMENTS
5NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
Dec.31, 2010 Dec.31, 2009
2. Change in projected benefi t obligation
Projected benefi t obligation at beginning of year 406 401
Service cost 74
Interest cost (effect of discounting) 22 21
Plan participants’ contribution 22
Benefi ts paid (26) (25)
Actuarial (gains)/losses recognised in equity - 11
Past service cost --
Changes in the scope of consolidation 5-
Translation adjustments 29 (9)
Other (including curtailments and settlements) - 1
PROJECTED BENEFIT OBLIGATION AT END OF YEAR 445 406
Actuarial gains and losses have been fully recognised in Other
reserves except for long-term benefi ts for active employees, notably
long service awards in France, for which all actuarial gains and losses
are recognised in the income statement. Actuarial gains and losses
stem from changes in actuarial assumptions (primarily discount
rates).
At December31, 2010, actuarial gains relative to the effects of
experience on healthcare costs, life insurance and other post-
employment benefi ts totaled EUR26million for the Group.
At December31, 2009, actuarial losses relative to the effects of
experience totaled EUR18million for the Group. They totaled
EUR10million at December31, 2008. And at December31,
2007, actuarial gains relative to the effects of experience totaled
EUR59million.
Dec.31, 2010 Dec.31, 2009
3. Funded status
Projected benefi t obligation (445) (406)
Deferred items:
Unrecognised past service cost (27) (29)
PROVISION RECOGNISED IN BALANCE SHEET (472) (435)
Amounts related to healthcare costs and other post-employment obligations as of 2010 and the four previous periods are as follows:
Dec.31, 2010 Dec.31, 2009 Dec.31, 2008 Dec.31, 2007 Dec.31, 2006
4. Historical data
Projected benefi t obligation (445) (406) (401) (366) (477)
Deferred items:
Unrecognised past service cost (27) (29) (35) (33) (40)
PROVISION RECOGNISED IN BALANCE SHEET (472) (435) (436) (399) (517)
2010 REGISTRATION DOCUMENT SCHNEIDER ELECTRIC196