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CONSOLIDATED FINANCIALSTATEMENTS ATDECEMBER 31, 2013
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
Changes in gross items recognized in equity were as follows:
Provisions for
Pensions pensions&other
Other post-employment and termination post-employment
benefits and long-term benefits benefits
Dec.31, 2011 709 (35) 674
Actuarial (gains)/losses on projected benefit obligation 340 28 368
Actuarial (gains)/losses on plan assets (49) - (49)
Effect of the asset ceiling - - -
Dec.31, 2012 published 1,000 (7) 993
IAS19R restatement
Impact of the application of the discount rate
in the estimation of the interest income
(39) - (39)(previously expected return on assets)
Dec.31, 2012 IAS19R 961 (7) 954
Actuarial (gains)/losses on projected benefit obligation
(1) (4) (5)arising from demographic assumptions
Actuarial (gains)/losses on projected benefit obligation
(198) (22) (220)arising from financial assumptions
Actuarial (gains)/losses on projected benefit obligation
11 32 43from experience effects
Actuarial (gains)/losses on plan assets (74) - (74)
Effect of the asset ceiling - - -
Dec.31, 2013 699 (1) 698
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
financial statements can be analyzed as follows:
Dec. 31, 2012 Dec. 31, 2012
Dec. 31, 2013 IAS19R Published
5
Of which SE USA Of which SE USA Of which SE USA
1. Reconciliation of balance sheet items
Pension assets ----
Provisions for pensions and other post-employment
(1,061) (274) (1,489)* (491)* (1,488) (490)benefit
NET ASSET/(LIABILITY) RECOGNIZED (1,061) (274) (1,489)* (491)* (1,488) (490)INTHEBALANCE SHEET
Including the IAS19R restatement of the recognition of past services costs described on paragraph22.1.*
Full year 2012 Full year 2012
Full year 2013 IAS19R Published
Of which SE USA Of which SE USA Of which SE USA
Components of net cost recognized
2
.
in the statement of income
Service cost 52 3 48 3 48 3
Past service cost (132) -1 -1 -
Curtailments and settlements (6) -----
Interest cost (effect of discounting) 103 49 116 55 116 55
Interest income (50) (27) (52) (29) (91) (60)
NET COST RECOGNIZED (33) 25 113 29 74 (2)IN THE STATEMENT OF INCOME
223
2013 REGISTRATION DOCUMENT SCHNEIDER ELECTRIC