Philips 2008 Annual Report Download - page 162

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The components of net periodic pension costs and amounts recognized in Other comprehensive income were as follows:
Netherlands other total
2008
Service cost 135 84 219
Interest cost on the projected benefit obligation 524 398 922
Expected return on plan assets (769) (380) (1,149)
Net actuarial (gain) loss recognized (15) 68 53
Amortization of prior-service cost (43) 9 (34)
Settlement loss −11
Other (3) 1 (2)
Net periodic cost (income) (171) 181 10
Items recognized in other comprehensive income
Current year
- Net actuarial loss (gain) 153 434 587
- Prior-service cost (credit) −(1) (1)
Reclassified/included in pension costs
- Amortization of net actuarial gains and losses 15 (70) (55)
- Amortization prior-service costs (credits) 43 (9) 34
211 354 565
Recognized in net periodic benefit cost and other comprehensive income 40 535 575
2007
Service cost 147 118 265
Interest cost on the projected benefit obligation 521 399 920
Expected return on plan assets (813) (384) (1,197)
Net acturial (gain) loss recognized (6) 79 73
Amortization of prior-service cost (43) 14 (29)
Settlement loss −(7) (7)
Curtailment gain −22
Net periodic cost (income) (194) 221 27
Items recognized in other comprehensive income
Current year
- Net actuarial loss (gain) (174) (139) (313)
- Prior-service cost (credit) −(2) (2)
Reclassified/included in pension costs
- Amortization of net actuarial gains and losses 6 (79) (73)
- Amortization prior-service costs (credits) 43 (14) 29
(125) (234) (359)
Recognized in net periodic benefit cost and other comprehensive income (319) (13) (332)
2006
Service cost 198 129 327
Interest cost on the projected benefit obligation 531 411 942
Expected return on plan assets (808) (390) (1,198)
Net amortization of unrecognized net transition assets/liabilities −11
Net actuarial (gain) loss recognized (49) 84 35
Amortization of prior-service cost (56) 25 (31)
Settlement loss 8210
Curtailment gain (21) (1) (22)
Other 52328
Net periodic cost (income)1) (192) 284 92
Of which EUR 17 million (Netherlands EUR (12) million, other EUR 29 million) is related to discontinued operations
1)
Philips Annual Report 2008162
180
Sustainability performance
192
IFRS financial statements
244
Company financial statements
124
US GAAP financial statements
Notes to the US GAAP
financial statements