Registration document 2011 - tota - Total.com

9 Consolidated
Financial Statements
Notes to the Consolidated Financial Statements
18) Employee benefits obligations
Liabilities for employee benefits obligations consist of the following:
As of December 31,
(M€) 2011 2010 2009
Pension benefits liabilities 1,268 1,268 1,236
Other benefits liabilities 620 605 592
Restructuring reserves (early retirement plans) 344 298 212
Total 2,232 2,171 2,040
The Group’s main defined benefit pension plans are located in France, in the United Kingdom, in the United States, in Belgium and in
Germany. Their main characteristics are the following:
– The benefits are usually based on the final salary and seniority;
– They are usually funded (pension fund or insurer); and
– They are closed to new employees who benefit from defined contribution pension plans.
The pension benefits include also termination indemnities and early retirement benefits.
The other benefits are the employer contribution to post-employment medical care.
The fair value of the defined benefit obligation and plan assets in the Consolidated Financial Statements is detailed as follows:
As of December 31,
(M€)
Pension benefits Other benefits
2011 2010 2009 2011 2010 2009
Change in benefit obligation
Benefit obligation at beginning of year 8,740 8,169 7,405 623 547 544
Service cost 163 159 134 13 11 10
Interest cost 420 441 428 28 29 30
Curtailments (24) (4) (5) (1) (3) (1)
Settlements (111) (60) (3) - - -
Special termination benefits - - - - 1 -
Plan participants’ contributions 9 11 10 - - -
Benefits paid (451) (471) (484) (34) (33) (33)
Plan amendments 33 28 118 4 1 (2)
Actuarial losses (gains) 435 330 446 (9) 57 -
Foreign currency translation and other 108 137 120 4 13 (1)
Benefit obligation at year-end 9,322 8,740 8,169 628 623 547
Change in fair value of plan assets
Fair value of plan assets at beginning of year (6,809) (6,286) (5,764) - - -
Expected return on plan assets (385) (396) (343) - - -
Actuarial losses (gains) 155 (163) (317) - - -
Settlements 80 56 2 - - -
Plan participants’ contributions (9) (11) (10) - - -
Employer contributions (347) (269) (126) - - -
Benefits paid 386 394 396 - - -
Foreign currency translation and other (99) (134) (124) - - -
Fair value of plan assets at year-end (7,028) (6,809) (6,286) - - -
Unfunded status 2,294 1,931 1,883 628 623 547
Unrecognized prior service cost (78) (105) (153) 9 10 15
Unrecognized actuarial (losses) gains (1,713) (1,170) (1,045) (17) (28) 30
Asset ceiling 10 9 9 - - -
Net recognized amount 513 665 694 620 605 592
Pension benefits and other benefits liabilities 1,268 1,268 1,236 620 605 592
Other non-current assets (755) (603) (542) - - -
As of December 31, 2011, the fair value of pension benefits and other pension benefits which are entirely or partially funded amounts to
€8,277 million and the present value of the unfunded benefits amounts to €1,673 million (against €7,727 million and €1,636 million
respectively as of December 31, 2010 and €7,206 million and €1,510 million respectively as of December 31, 2009).
224 TOTAL. Registration Document 2011