ANNUAL REPORT ARCELOR 2003 - paperJam

17.2.3 Leaving indemnities (continued)France Other TotalIn EUR million 2003 2002 2003 2002 2003 2002Movements in balance sheet provisionOpening provision 347 337 30 29 377 366Changes in consolidation scope - - 4 - 4 -Exchange differences - - - - - -Disbursements (10) (10) (3) (4) (13) (14)Charge for the period 20 20 3 5 23 25CLOSING PROVISION 357 347 34 30 391 377Main actuarial assumptionsDiscount rate 5.75% 5.75% - - - -Rate of return on financial assets 5.75% 5.75% - - - -Average rate of salary increase 3.00% 3.00% - - - -Inflation rate 2.00% 2.00% - - - -17.2.4 Other benefits (medical insurance, work medals)France United States Other TotalIn EUR million 2003 2002 2003 2002 2003 2002 2003 2002Financial assetsOpening balance - - 5 8 - - 5 8Changes in consolidation scope - - - - - - - -Investment return recorded - - 2 (2) - - 2 (2)Additional contributions - - - 4 - - - 4Benefits paid out - - - (5) - - - (5)Acquisitions / disposals - - - - - - - -Exchange differences - - (1) - - - (1) -CLOSING BALANCE - - 6 5 - - 6 5Balance sheet provisionsActuarial value of liabilitiescovered by financial assets - - 80 59 - - 80 59Fair value of financial assets - - (6) (5) - - (6) (5)Sub-total - - 74 54 - - 74 54Actuarial value of liabilitiesnot covered by financial assets 36 44 2 2 12 2 50 48Unrealised actuarial (gains) / losses - (2) 1 (6) - - 1 (8)Unrealised cost of changes in pension scheme type - - (1) (2) - - (1) (2)BALANCE SHEET PROVISION 36 42 76 48 12 2 124 92Breakdown of charge for the periodCost of past services 1 2 2 4 - 2 3 8Interest charge 2 2 4 4 1 - 7 6Discounted return on assets - - - (1) - - - (1)Realised actuarial (gains) / losses during the period (1) - 38 - - - 37 -Amortisation of cost of changesin pension scheme type or retroactive benefits paid - - - (17) - - - (17)Reductions and lquidations - - - - - - - -CHARGE FOR THE PERIOD 2 4 44 (10) 1 2 47 (4)162ANNUAL REPORT ARCELOR 2003