Michelin couv courteGB

13.4.2. Regional breakdown of the financial situation
of other defined benefit plans
Present value of obligations
(in € thousand)
Other defined benefit plans (including medical care)
North Europe Other Aggregate
America zones
Opening balance at January 1, 2004 1,359,640 563,380 99,455 2,022,475
Exchange rate variations (96,163) (25) (379) (96,567)
Change in scope of consolidation – – – –
Current service cost 20,474 31,268 624 52,366
Interest cost 76,061 35,649 1,360 113,070
Plan reorganization cost recognized in the year – – – –
Benefits paid (86,018) (53,216) (730) (139,964)
Other items
(-) Unrecognized actuarial gain/loss generated
2,846 (3,442) 1,375 779
during the year (20,855) 36,314 893 16,352
Unrecognized plan reorganization costs – – – –
At December 31, 2004 A 1,255,985 609,928 102,598 1,968,511
Fair value of plan assets
Opening balances at January 1, 2004 – 42 (1) 41
Exchange rate variations – – – –
Expected return on plan assets – – – –
Contributions – – – –
Administration costs – – – –
Benefits paid – – – –
Other items
Unrecognized actuarial gain/(-)loss generated
– (42) 1 (41)
during the year – – – –
At December 31, 2004 B – – – –
Unrecognized actuarial gains/losses
Opening balance at January 1, 2004 405,659 (51,352) 1,501 355,808
Exchange rate variations (28,650) 2 (44) (28,692)
Variation in scope of consolidation – 34 – 34
Amortization of unrecognized actuarial differences
Amortization of unrecognized
(23,626) 2,880 (29) (20,775)
plan reorganization costs
Unrecognized actuarial differences
11,319 736 – 12,055
generated during the year
Unrecognized plan reorganization costs
(20,855) 36,312 893 16,350
generated during the year – – – –
At December 31, 2004 C 343,847 (11,388) 2,321 334,780
Net liability in balance sheet
At December 31, 2004 D=A-B-C 912,138 621,316 100,277 1,633,731