APC 2013 Annual Report Download - page 227

CONSOLIDATED FINANCIALSTATEMENTS ATDECEMBER 31, 2013
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
Full year 2012 Full year 2012
Full year 2013 IAS19R Published
Of which SE USA Of which SE USA Of which SE USA
5. Funded status
Projected benefit obligation (2,658) (1,136) (3,061) (1,344) (3,061) (1,344)
Fair value on plan assets 1,597 862 1,572 853 1,572 853
Surplus/(Deficit) (1,061) (274) (1,489) (491) (1,489) (491)
Effect of the asset ceiling ------
Deferred items:
Unrecognized past service cost ----11
(LIABILITIES)/NET ASSET RECOGNIZED IN THE (1,061) (274) (1,489) (491) (1,488) (490)BALANCE SHEET
22.3 – Provisions for healthcare costs, life insurance benefits and other post-employment benefits
Changes in provisions for other post-employment and long-term benefits were as follows:
Full year 2012 Full year 2012
Full year 2013 IAS19R Published
1. Components of net cost recognized in the statement of income
Service cost 20 17 17
Interest cost (effect of discounting) 15 18 18
Interest income ---
Past service cost - -* (2)
Curtailments and settlements (34) (23) (23)
Amortization of actuarial gains&losses (2) 1 1
NET COST RECOGNIZED IN THE STATEMENT OF INCOME (1) 13 11
Including the IAS19R restatement of the recognition of past services costs described on paragraph22.1.*
5
Amortization of actuarial gains and losses concerns long-term The healthcare plan amendment to limit the Group's obligations to
benefits for active employees, notably long service awards current and future retirees in the US decreased the benefit
inFrance. obligation of EUR34million for the full year 2013.
225
2013 REGISTRATION DOCUMENT SCHNEIDER ELECTRIC