financial report and registration document 2011 - Groupe SEB

Financial Report and Registration Document 2011
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Consolidated fi nancial statements
Notes to the consolidated fi nancial statements
Note 22.2. ANALYSIS OF PENSION AND OTHER POST-EMPLOYMENT BENEFIT OBLIGATIONS
The total obligation breaks down as follows:
(in € millions)
2011
France Germany Other countries Total
Projected benefi t obligation based on fi nal salaries 83.0 57.7 28.3 169.0
Present value of plan assets (32.1) (2.8) (14.0) (48.9)
DEFICIT 50.9 54.9 14.3 120.1
Unrecognised gains and (losses) (23.1) (3.9) (3.2) (30.2)
Initial benefi t obligation 0.0
Unrecognised past service cost 0.0
Recognised liability
Recognised asset
27.8 51.0 11.1 89.9
NET 27.8 51.0 11.1 89.9
(in € millions)
France Germany Other countries
2010
Total
Projected benefi t obligation based on fi nal 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)
Initial benefi t obligation
Unrecognised past service cost
(26.6) (7.8) (2.9) (37.3)
Recognised liability
Recognised asset
23.2 51.9 8.9 84.0
NET 23.2 51.9 8.9 84.0
(in € millions)
France Germany Other countries
2009
Total
Projected benefi t obligation based on fi nal 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)
Initial benefi t obligation
Unrecognised past service cost
(19.6) (1.6) (0.9) (22.1)
Recognised liability
Recognised asset
22.9 52.8 8.3 84.0
NET 22.9 52.8 8.3 84.0
Obligations for the payment of jubilees, calculated using the same actuarial assumptions as for pension obligations, amounted to €5.7 million at
31 December 2011, €6.0 million at 31 December 2010 and €5.7 million at 31 December 2009.
GROUPE SEB
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