ACCIONA, S.A. AND SUBSIDIARIES (Consolidated Group ...

Set forth below is information on the changes in the actuarial liabilities for the defined
benefit obligations at 31 December 2011 and 2010:
2011 2010
Beginning actuarial liability 2,644 2,407
Cost incurred in the year 152 133
Finance costs 101 85
Benefits paid in the year -- --
Actuarial gains and losses (429) 19
Ending actuarial liability 2,468 2,644
Set forth below is information on the changes in the actuarial assets for the defined benefit
obligations at 31 December 2011 and 2010:
2011 2010
Beginning actuarial liability 2,167 1,687
Rate of return in the year 78 59
Contributions made in the year 172 122
Actuarial gains and losses (229) 299
Ending actuarial asset 2,188 2,167
At 31 December 2011 and 2010, the ending total of the actuarial assets and liabilities
related in full to defined benefit obligations in Spain.
The amount recognised in the consolidated income statement for defined benefit pension
obligations accrued during the year and the accrued finance cost was EUR 175 thousand in
2011 (2010: EUR 158 thousand).
ii) Defined contribution plan. The contributions made are recognised under “Staff Costs” in
the accompanying consolidated income statement. At 31 December 2011, the amount
recognised was EUR 307 thousand (31 December 2010: EUR 334 thousand).
iii) Obligations to provide certain employee welfare benefits during the retirement period,
relating mainly to electricity supplies. These obligations were not externalised and are
covered by the related in-house provisions totalling EUR 2,063 thousand at 31 December
2011 (31 December 2010: EUR 2,194 thousand).
The actuarial changes arising in this connection gave rise to a loss of EUR 263 thousand in
2011 (2010: EUR 40 thousand).
iv) The Group's obligation to supplement the public social security system benefits in the
event of termination of the employment relationship as a result of an agreement between
the parties.
The changes in the provision for these obligations, recognised under "Provisions" in the
accompanying consolidated balance sheets in 2011 and 2010, were as follows:
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