ANNUAL REPORT 2011 REGISTRATION DOCUMENT - Saft

Expected retirement benefits for 2012
6
2011 CONSOLIDATED FINANCIAL STATEMENTS
Notes to the Consolidated Financial Statements
Benefi ts to be paid by the Group in 2012 for those entities
for which this information is available at the date on which
the Consolidated Financial Statements are drawn up represent
approximately 88.5% of the Group’s total commitments and
are estimated to be €2.4 million.
20.2 OTHER LONG-TERM EMPLOYEE
BENEFITS
Provisions for other long-term employee benefi t plans amounted
to €3.2 million at 31 December 2011 (€3.3 million at both
31 December 2010 and 2009).
These employee benefi t plans mainly comprise bonus payments
and long-service leave entitlement schemes in various Group
countries.
20.3 DEFINED-CONTRIBUTION PLANS
The Group has no obligation beyond the contributions
paid, which are recognised as an expense. The amount of
contributions recognised in expenses in respect of the Group’s
own plans (excluding legal plans such as those linked to social
security) was €5.1 million in 2011 (€4.3 million in 2010 and
€3.9 million in 2009).
NOTE 21 PROVISIONS FOR OTHER LIABILITIES AND CHARGES
As at 31 December 2011, provisions for other liabilities and charges as shown in the balance sheet are as follows:
(in € million)
Provisions for
Contractual
claims Restructuring Other provisions Total
At 1 January 2009 31.6 1.8 12.2 45.6
Charges in year 5.5 2.1 0.8 8.4
Releases of provisions on use (2.6) (0.2) (0.2) (3.0)
Releases of unused provisions (5.3) (0.1) (0.4) (5.8)
Transfers 0.2 0.0 (0.3) (0.1)
Translation adjustments (0.2) 0.0 (0.2) (0.4)
Adjustment to discount rate 0.1 0.0 0.0 0.1
At 31 December 2009 29.3 3.6 11.9 44.8
At 1 January 2010 29.3 3.6 11.9 44.8
Charges in year 6.2 0.3 0.7 7.2
Releases of provisions on use (5.7) (1.0) 0.2 (6.5)
Releases of unused provisions (4.1) 0.0 (0.4) (4.5)
Transfers 0.2 0.0 (0.1) 0.1
Translation adjustments 1.5 0.0 0.7 2.2
Adjustment to discount rate 0.1 0.0 0.1 0.2
At 31 December 2010 27.5 2.9 13.1 43.5
At 1 January 2011 27.5 2.9 13.1 43.5
Charges in year 4.6 0.1 1.8 6.5
Releases of provisions on use (4.7) (1.0) (0.2) (5.9)
Releases of unused provisions (3.6) 0.0 (0.7) (4.3)
Transfers 0.0 0.0 (0.2) (0.2)
Translation adjustments 0.4 0.0 0.2 0.6
Adjustment to discount rate 0.1 0.0 0.0 0.1
AT 31 DECEMBER 2011 24.3 2.0 14.0 40.3
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