APC 2015 Annual Report Download - page 227

2015 REGISTRATION DOCUMENT SCHNEIDER ELECTRIC 225
CONSOLIDATED FINANCIAL STATEMENTS AT DECEMBER31,2015
5
NOTES 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, 2013 699 (1) 698
Actuarial (gains)/losses on projected benefi t obligation arising
from demographic assumptions 117 6 123
Actuarial (gains)/losses on projected benefi t obligation arising
fromfi nancial assumptions 908 52 960
Actuarial (gains)/losses on projected benefi t obligation
from experience effects 49 (19) 30
Actuarial (gains)/losses on plan assets (706) - (706)
Effect of the asset ceiling (31) - (31)
Dec.31, 2014 1,036 38 1,074
Actuarial (gains)/losses on projected benefi t obligation arising
fromdemographic assumptions (186) (14) (200)
Actuarial (gains)/losses on projected benefi t obligation arising
from fi nancial assumptions (282) (18) (300)
Actuarial (gains)/losses on projected benefi t obligation
from experience effects (96) (40) (136)
Actuarial (gains)/losses on plan assets 150 - 150
Effect of the asset ceiling 111 - 111
DEC.31, 2015 733 (34) 699
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, 2015 Dec.31, 2014
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 (1,089) (377) (1,459) (413)
NET ASSET/(LIABILITY) RECOGNIZED
INTHEBALANCE SHEET (1,089) (377) (1,459) (413)
Full year 2015 Full year 2014
Of which SE USA Of which SE USA
2. Components of net cost recognized
in the statement of income
Service cost 47 4 49 3
Past service cost (35) - 1 -
Curtailments and settlements (27) - (61) (4)
Interest cost (effect of discounting on obligation
andplan assets ) 404 61 408 54
Interest income (340) (36) (351) (37)
NET COST RECOGNIZED IN THE STATEMENT
OFINCOME 49 29 46 16