APC 2011 Annual Report Download - page 194

192 2011 REGISTRATION DOCUMENT SCHNEIDER ELECTRIC
CONSOLIDATED FINANCIAL STATEMENTS
5NOTES TO THE CONSOLIDATED FINANCIAL
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 & other
post-employment
benefi ts.
Dec.31, 2009 458 (53) 405
Actuarial (gains)/losses on projected benefi t obligation 42 - 42
Actuarial (gains)/losses on plan assets (38) - (38)
Effect of the asset ceiling - - -
Dec.31, 2010 462 (53) 409
Actuarial (gains)/losses on projected benefi t obligation 222 18 240
Actuarial (gains)/losses on plan assets 25 - 25
Effect of the asset ceiling - - -
Dec.31, 2011 709 (35 ) 674
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, 2011 Dec.31, 2010
Of which SE USA Of which SE USA
1. Reconciliation of balance sheet items
Pension assets ----
Provisions for pensions and other post-employment
benefi t (1,263) (395) (1,032) (299)
NET ASSET/(LIABILITY) RECOGNIZED
INTHEBALANCE SHEET (1,263) (395) (1,032) (299)
Dec.31, 2011 Dec.31, 2010
Of which SE USA Of which SE USA
2. Components of net cost recognized in the
statement of income
Service cost 41 2 43 2
Interest cost (effect of discounting) 110 53 109 56
Expected return on plan assets (86) (56) (82) (56)
Past service cost 1 - - -
Curtailments and settlements 4 4 (7) -
NET COST RECOGNIZED IN THE STATEMENT
OFINCOME 70 3 63 2