2012 Integrated report - Sappi
2012 Integrated report - Sappi
2012 Integrated report - Sappi
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Notes to the group annual financial statements<br />
for the year ended September <strong>2012</strong><br />
27. Post-employment benefits – pensions and other benefits continued<br />
US$ million<br />
Defined<br />
benefit<br />
pension plans<br />
<strong>2012</strong> 2011<br />
Other<br />
defined<br />
benefit plans<br />
Defined<br />
benefit<br />
pension plans<br />
Other<br />
defined<br />
benefit plans<br />
Change in present value of defined benefit obligations<br />
Defined benefit obligations at beginning of years 1,827 180 2,069 182<br />
Current service costs 23 3 29 4<br />
Past service costs (credits) 1 – (4) –<br />
Interest costs 100 11 105 11<br />
Plan participants’ contributions 3 – 7 –<br />
Actuarial (gains) losses experience (2) (5) (4) 5<br />
Actuarial losses assumptions 221 14 23 4<br />
Curtailments and settlements – – (233) –<br />
Benefits paid (137) (10) (123) (11)<br />
Translation differences (29) (2) (42) (15)<br />
Defined benefit obligations at end of years 2,007 (1) 191 (2) 1,827 (1) 180 (2)<br />
Present value of wholly unfunded obligations 145 191 134 180<br />
Present value of wholly and partly funded obligations 1,862 – 1,693 –<br />
(1) Defined benefit pension plans<br />
Regional split of obligations<br />
(US$ million)<br />
2,500<br />
(2) Other defined benefit plans<br />
Regional split of obligations<br />
(US$ million)<br />
200<br />
2,000<br />
1,500<br />
2,007<br />
1,827<br />
150<br />
191<br />
180<br />
100<br />
1,000<br />
97<br />
88<br />
94<br />
92<br />
500<br />
955<br />
857<br />
699<br />
613<br />
50<br />
0<br />
353<br />
357<br />
Southern<br />
Africa<br />
• <strong>2012</strong><br />
• 2011<br />
Europe<br />
(including<br />
UK)<br />
North<br />
America<br />
Group<br />
0<br />
Southern<br />
Africa<br />
• <strong>2012</strong><br />
• 2011<br />
North<br />
America<br />
Group<br />
144
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