APC 2012 Annual Report Download - page 208

2012 REGISTRATION DOCUMENT SCHNEIDER ELECTRIC206
CONSOLIDATED FINANCIAL STATEMENTS AT DECEMBER31, 2012
5NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
Dec.31, 2012 Dec.31, 2011
Of which SE USA Of which SE USA
5. Funded status
Projected benefi t obligation (3,061) (1,344) (2,685) (1,210)
Fair value on plan assets 1,572 853 1,421 814
Surplus/(Defi cit) (1,489) (491) (1,264) (396)
Effect of the asset ceiling ----
Deferred items:
Unrecognized past service cost 1111
(LIABILITIES)/NET ASSET RECOGNIZED
IN THE BALANCE SHEET (1,488) (490) (1,263) (395)
Amounts related to pensions and termination benefi t obligations as of2012 and the fi ve previous periods are as follows:
Dec.31, 2012 Dec.31, 2011 Dec.31, 2010 Dec.31, 2009 Dec.31, 2008
6. Historical data
Projected benefi t obligation (3,061) (2,685) (2,340) (2,055) (2,036)
Fair value on plan assets 1,572 1,421 1,304 1,112 1,010
Surplus/(Defi cit) (1,489) (1,264) (1,036) (943) (1,026)
Effect of the asset ceiling - - - (1) (2)
Deferred items:
Unrecognized past service cost 1 1 4 - 1
(LIABILITIES)/NET ASSET RECOGNIZED
IN THE BALANCE SHEET (1,488) (1,263) (1,032) (944) (1,027)
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:
Full year 2012 Full year 2011
1. Components of net cost recognized in the statement of income
Service cost 17 7
Interest cost (effect of discounting) 18 20
Expected return on plan assets --
Past service cost (2) (7)
Curtailments and settlements (23) (42)
Amortization of actuarial gains&losses 1-
NET COST RECOGNIZED IN THE STATEMENT OF INCOME 11 (22)
Amortization of actuarial gains and losses concerns long-term
benefi ts for active employees, notably long service awards
inFrance.
In2012, healthcare plan curtailment in the US decreased the benefi t
obligation of EUR23million.