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Amounts shown in the balance sheet for defined-benefit plans are as follows:
Consolidated information 06
Notes to the Consolidated Financial Statements
(in millions of euro) August 31, 2011 August 31, 2010
Net plan assets* (0) (0)
Defined-benefit plans** 154 212
* Reported in “Other non-current assets” in the balance sheet.
** Reported as a liability in the balance sheet under “Employee benefits”.
These amounts are detailed below:
(in millions of euro) August 31, 2011 August 31, 2010
Present value of funded obligations 655 689
Fair value of plan assets (606) (588)
Present value of partially funded obligations 49 101
Present value of unfunded obligations 110 113
Unrecognized past service cost (5) (2)
Other unrecognized amounts
NeT oBLIGATIoN IN THe BALANCe SHeeT 154 212
As described in note 2.17.2, Sodexo recognizes
actuarial gains and losses arising during the
period, net of deferred taxes, in the statement of
comprehensive income.
Cumulative actuarial gains and losses reported
in the statement of comprehensive income as of
August 31, 2011 represented a net actuarial loss
of 25 million euro. Cumulative actuarial gains and
Defined benefit plan assets comprise:
losses recognized in other comprehensive income as
of August 31, 2010 represented a net actuarial loss
of 61 million euro. This change in actuarial losses
resulted primarily from the rise in interest rates in
the United Kingdom, where most of the obligation is
held. This change, however, was offset by negative
actuarial changes in connection with changes in other
assumptions such as the rate of inflation or mortality
tables.
(in millions of euro) August 31, 2011 August 31, 2010
Equities 105 102
Bonds 76 61
Insurance and other 379 383
Real estate 32 25
Cash 14 17
ToTAL 606 588
Sodexo Registration Document Fiscal 2011
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