Financial Report and Registration Document 2010 - Groupe Seb

3 NOTES
CONSOLIDATED FINANCIAL STATEMENTS
TO THE CONSOLIDATED FINANCIAL STATEMENTS
22.2. ANALYSIS OF PENSION AND OTHER POST-EMPLOYMENT BENEFIT OBLIGATIONS
The total obligation breaks down as follows:
2010
(in € millions)
France Germany Other countries Total
Projected benefit obligation based on final salaries 82.6 62.2 25.6 170.4
Present value of plan assets (32.8) (2.5) (13.8) (49.1)
DEFICIT 49.8 59.7 11.8 121.3
Unrecognised gains and (losses) (26.6) (7.8) (2.9) (37.3)
Initial benefit obligation
Unrecognised past service cost
Recognised liability 23.2 51.9 8.9 84.0
Recognised asset
NET 23.2 51.9 8.9 84.0
2009
(in € millions)
France Germany Other countries Total
Projected benefit obligation based on final salaries 68.7 56.7 20.0 145.4
Present value of plan assets (26.2) (2.3) (10.8) (39.3)
DEFICIT 42.5 54.4 9.2 106.1
Unrecognised gains and (losses) (19.6) (1.6) (0.9) (22.1)
Initial benefit obligation
Unrecognised past service cost
Recognised liability 22.9 52.8 8.3 84.0
Recognised asset
NET 22.9 52.8 8.3 84.0
2008
(in € millions)
France Germany Other countries Total
Projected benefit obligation based on final salaries 67.7 52.5 18.9 139.1
Present value of plan assets (24.4) (2.4) (9.0) (35.8)
DEFICIT 43.3 50.1 9.9 103.2
Unrecognised gains and (losses) (21.2) 3.1 (0.6) (18.7)
Initial benefit obligation
Unrecognised past service cost
Recognised liability 22.1 53.2 9.3 84.4
Recognised asset
NET 22.1 53.2 9.3 84.4
Obligations for the payment of jubilees, calculated using the same
assumptions as for pension obligations, amounted to €6.0 million at
31 December 2010, €5.7 million at 31 December 2009 and €5.5 million at
31 December 2008.
96 FINANCIAL REPORT AND REGISTRATION DOCUMENT 2010 GROUPE SEB