C Si Ni Cr V Ti Ta Sc Li Sr Zr Fe Cu Zn Sn B Al Ce U Mn Mo Nb Sb
C Si Ni Cr V Ti Ta Sc Li Sr Zr Fe Cu Zn Sn B Al Ce U Mn Mo Nb Sb
C Si Ni Cr V Ti Ta Sc Li Sr Zr Fe Cu Zn Sn B Al Ce U Mn Mo Nb Sb
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<strong>Mo</strong>vement in fair value of plan assets<br />
North American plans European plans<br />
2010 2009 2010 2009<br />
Fair value of plan assets at January 1 17,127 47,245 93,076 77,433<br />
Discontinued operations in opening – (32,254) – –<br />
Employer contributions 1,115 172 1,430 1,328<br />
Contributions from plan participants – – – –<br />
Benefits paid from the plan assets (1,462) (1,422) (5,051) (6,807)<br />
Expected return on plan assets 1,364 1,196 5,511 5,669<br />
Unrecognized actuarial gains 1,016 2,190 5,284 4,359<br />
Effect of movements in foreign exchange rates – – (4,438) 11,094<br />
Fair value of plan assets at December 31 19,160 17,127 95,812 93,076<br />
Expense recognized in profit or loss<br />
North American plans European plans<br />
2010 2009 2010 2009<br />
<strong>Cu</strong>rrent service costs 328 913 2,352 2,052<br />
Past service costs 1,250 – – 607<br />
Interest on obligation 2,057 1,919 9,317 9,083<br />
Expected return on plan assets (1,364) (1,196) (5,511) (5,669)<br />
Recognized actuarial losses (gains) 364 555 (16) (100)<br />
Amortization of vested past service cost – – – –<br />
Expense recognized in profit and loss 2,635 2,191 6,142 5,973<br />
Net expense recognized in profit and loss<br />
The expense is recognized in the following line items in the income statement:<br />
North American plans European plans<br />
2010 2009 2010 2009<br />
Cost of sales 166 229 2,195 2,939<br />
Selling, general and administrative expenses 2,469 1,962 3,947 3,034<br />
Total 2,635 2,191 6,142 5,973<br />
Amounts for the current and previous four periods are as follows:<br />
North American Plans<br />
2010 2009 2008 2007 2006<br />
Defined benefit obligation 38,619 34,060 88,865 101,922 88,319<br />
Plan assets 19,160 17,127 47,245 67,347 59,460<br />
Deficit (19,459) (16,933) (41,620) (34,575) (28,859)<br />
Experience adjustments on plan liabilities 116 59 6,713 1,167 (762)<br />
Experience adjustments on plan assets 1,017 2,190 (1,420) (3,541) 1,251<br />
European Plans<br />
2010 2009 2008 2007 2006<br />
Defined benefit obligation 177,900 180,131 146,640 178,989 186,267<br />
Plan assets 95,812 93,076 77,433 126,497 120,123<br />
Deficit (82,088) (87,055) (69,207) (52,492) (66,144)<br />
Experience adjustments on plan liabilities 10,988 (6,567) (26,073) (246) (8,250)<br />
Experience adjustments on plan assets 1,149 15,360 (50,411) 1,660 5,541<br />
Notes to Consolidated Financial Statements 117
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