APC 2014 Annual Report Download - page 226
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5CONSOLIDATED FINANCIAL STATEMENTS AT DECEMBER31,2014
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
Full year 2014 Full year 2013
Of which SE USA Of which SE USA
4. Change in fair value of plan assets
Fair value of plan assets at beginning of year 1,597 862 1,572 853
Interest income 351 37 50 27
Plan participants’ contribution 3 - 4 -
Employer contributions 10 47 64 35
Benefits paid (478) (56) (82) (54)
Actuarial gains/(losses) recognized in equity 706 50 74 39
Changes in the scope of consolidation 6,721 - 0 -
Translation adjustments 739 119 (63) (38)
Curtailments and settlements (50) (45) (22) -
Other (10) - - -
FAIR VALUE OF PLAN ASSETS AT END OF YEAR 9,589 1,014 1,597 862
At December31, 2014, the actual return on plan assets was EUR1,057million compared with EUR124million at December31, 2013.
Actuarial gains and losses have been fully recognized in other reserves.
Full year 2014 Full year 2013
Of which SE USA Of which SE USA
5. Funded status
Projected benefit obligation (10,925) (1,427) (2,658) (1,136)
Fair value on plan assets 9,589 1,014 1,597 862
Surplus/(Deficit) (1,336) (413) (1,061) (274)
Effect of the asset ceiling (123) - - -
Deferred items:
Unrecognized past service cost - - - -
(LIABILITIES)/NET ASSET RECOGNIZED IN THE
(1,459) (413) (1,061) (274)BALANCE SHEET
224 2014 REGISTRATION DOCUMENT SCHNEIDER ELECTRIC