APC 2011 Annual Report Download - page 196

194 2011 REGISTRATION DOCUMENT SCHNEIDER ELECTRIC
CONSOLIDATED FINANCIAL STATEMENTS
5NOTES TO THE CONSOLIDATED FINANCIAL
Dec.31, 2011 Dec.31, 2010
Of which SE USA Of which SE USA
5. Funded status
Projected benefi t obligation (2,685) (1,210) (2,340) (1,034)
Fair value on plan assets 1,421 814 1,304 735
Surplus/ (Defi cit) (1,264) (396) (1,036) (299)
Effect of the asset ceiling ----
Deferred items:
Unrecognized past service cost 1 1 4 -
(LIABILITIES)/NET ASSET RECOGNIZED IN THE
BALANCE SHEET (1,263) (395) (1,032) (299)
22.3 – Provisions for healthcare costs, life insurance benefits and other post-employment
benefits
Changes in provisions for other post-employment and long-term benefi ts were as follows:
Dec.31, 2011 Dec.31, 2010
1. Components of net cost recognized in the statement of income
Service cost 77
Interest cost (effect of discounting) 20 22
Expected return on plan assets --
Past service cost (7) (4)
Curtailments and settlements (42) -
Amortization of actuarial gains & losses --
NET COST RECOGNIZED IN THE STATEMENT OF INCOME (22) 25
Amounts related to pensions and termination benefi t obligations as of 2011 and the four previous periods are as follows:
Dec.31, 2011 Dec.31, 2010 Dec.31, 2009 Dec.31, 2008 Dec.31, 2007
6. Historical data
Projected benefi t obligation (2,685) (2,340) (2,055) (2,036) (1,958)
Fair value on plan assets 1,421 1,304 1,112 1,010 1,402
Surplus/ (Defi cit) (1,264) (1,036) (943) (1,026) (556)
Effect of the asset ceiling - - (1) (2) (10)
Deferred items:
Unrecognized past service cost 14011
(LIABILITIES)/NET ASSET RECOGNIZED
INTHEBALANCE SHEET (1,263) (1,032) (944) (1,027) (565)
Amortisation of actuarial gains and losses concerns long-term
benefi ts for active employees, notably long service awards in
France.
In 2011, healthcare plan curtailment in the US decreased the benefi t
obligation.