2010Annual Report - Schneider Electric CZ, s.r.o.

5 CONSOLIDATED FINANCIAL STATEMENTS
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
196
Dec. 31, 2010 Dec. 31, 2009
2. Change in projected benefi t obligation
Projected benefi t obligation at beginning of year 406 401
Service cost 7 4
Interest cost (effect of discounting) 22 21
Plan participants’ contribution 2 2
Benefi ts paid (26) (25)
Actuarial (gains)/losses recognised in equity - 11
Past service cost - -
Changes in the scope of consolidation 5 -
Translation adjustments 29 (9)
Other (including curtailments and settlements) - 1
PROJECTED BENEFIT OBLIGATION AT END OF YEAR 445 406
Actuarial gains and losses have been fully recognised in Other
reserves except for long-term benefi ts for active employees, notably
long service awards in France, for which all actuarial gains and losses
are recognised in the income statement. Actuarial gains and losses
stem from changes in actuarial assumptions (primarily discount
rates).
At December 31, 2010, actuarial gains relative to the effects of
experience on healthcare costs, life insurance and other postemployment
benefi ts totaled EUR26 million for the Group.
At December 31, 2009, actuarial losses relative to the effects of
experience totaled EUR18 million for the Group. They totaled
EUR10 million at December 31, 2008. And at December 31,
2007, actuarial gains relative to the effects of experience totaled
EUR59 million.
Dec. 31, 2010 Dec. 31, 2009
3. Funded status
Projected benefi t obligation
Deferred items:
(445) (406)
Unrecognised past service cost (27) (29)
PROVISION RECOGNISED IN BALANCE SHEET (472) (435)
Amounts related to healthcare costs and other post-employment obligations as of 2010 and the four previous periods are as follows:
Dec. 31, 2010 Dec. 31, 2009 Dec. 31, 2008 Dec. 31, 2007 Dec. 31, 2006
4. Historical data
Projected benefi t obligation
Deferred items:
(445) (406) (401) (366) (477)
Unrecognised past service cost (27) (29) (35) (33) (40)
PROVISION RECOGNISED IN BALANCE SHEET (472) (435) (436) (399) (517)
2010 REGISTRATION DOCUMENT SCHNEIDER ELECTRIC