APC 2012 Annual Report Download - page 206
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2012 REGISTRATION DOCUMENT SCHNEIDER ELECTRIC204
CONSOLIDATED FINANCIAL STATEMENTS AT DECEMBER31, 2012
5NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
Changes in gross items recognized 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, 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
Actuarial (gains)/losses on projected benefi t obligation 340 28 368
Actuarial (gains)/losses on plan assets (49) - (49)
Effect of the asset ceiling - - -
Dec.31, 2012 1,000 (7) 993
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 recognized in the consolidated
fi nancial statements can be analyzed as follows:
Dec.31, 2012 Dec.31, 2011
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 (1,488) (490) (1,263) (395)
NET ASSET/(LIABILITY) RECOGNIZED
INTHEBALANCE SHEET (1,488) (490) (1,263) (395)
Full year 2012 Full year 2011
Of which SE USA Of which SE USA
2. Components of net cost recognized
in the statement of income
Service cost 48 3 41 2
Past service cost 1 - 1 -
Curtailments and settlements - - 4 4
Interest cost (effect of discounting) 116 55 110 53
Expected return on plan assets (91) (60) (86) (56)
NET COST RECOGNIZED
IN THE STATEMENT OF INCOME 74 (2) 70 3