Siemens 2007 Annual Report Download - page 264

264 Notes to Consolidated Financial Statements
(in millions of €, except where otherwise stated and per share amounts)
Other post-employment benefi ts: Obligations and funded status
The funded status of plan assets and a reconciliation of the funded status to the
amounts recognized in the Consolidated Balance Sheets are as follows:
The following table shows a detailed reconciliation of the changes in the bene-
fi t obligation for other post-employment benefi ts for the years ended September
30, 2007 and 2006:
September 30, 2007 September 30, 2006
Total Domestic Foreign Total Domestic Foreign
Fair value of plan assets 3 – 3 3 – 3
Total defi ned benefi t obligation 779 321 458 845 429 416
Defi ned benefi t obligation (funded) 287 – 287 303 – 303
Defi ned benefi t obligation (unfunded) 492 321 171 542 429 113
Funded status (776) (321) (455) (842) (429) (413)
Unrecognized past service cost (benefi ts) 10 – 10 (2) – (2)
Net amount recognized (766) (321) (445) (844) (429) (415)
September 30, 2007 September 30, 2006
Total Domestic Foreign Total Domestic Foreign
Change in benefi t obligations:
Defi ned benefi t obligation
at beginning of year 845 429 416 893 394 499
Foreign currency exchange rate changes (42) – (42) (22) – (22)
Service cost 24 12 12 26 15 11
Interest cost 42 16 26 45 18 27
Plan amendments and other 69 – 69 41 41 –
Actuarial (gains) losses (33) (36) 3 (14) 4 (18)
Acquisitions 12 – 12 – – –
Divestments (69) (68) (1) (57) (14) (43)
Benefi ts paid (69) (32) (37) (67) (29) (38)
Defi ned benefi t obligation
at end of year 779 321 458 845 429 416