annual report - FIAT SpA

The amounts recognised in the income statement for defined benefit plans in 2010 are as follows:
(€ million)
Employee leaving
entitlements in Italy Pension Plans Health care plans Other
Profit/(loss)
Profit/(loss) Profit/(loss) Profit/(loss) Profit/(loss) Profit/(loss) Profit/(loss)
from Profit/(loss) from
from from
from from
from from
Continuing Discontinued Continuing Discontinued Continuing Discontinued Continuing Discontinued
Operations Operations Operations Operations Operations Operations Operations Operations
Current service cost - - 10 17 - 7 7 8
Interest costs 26 6 25 120 - 44 5 6
Expected return on plan assets - - (20) (115) - (4) - -
Net actuarial losses (gains)
recognised - - 3 27 - (2) 1 (1)
Past service costs - - - 3 - (41) - 1
Paragraph 58 adjustment - - - - - - - -
Losses (gains) on curtailments and
settlements - - - - - - - (4)
Other (income) losses - - (2) 1 - - - -
Total Costs (gains) 26 6 16 53 - 4 13 10
Actual return on plan assets n/a n/a 22 150 n/a 6 n/a n/a
Changes in the present value of Post-employment obligations are as follows:
Employee leaving
entitlements in Italy Pension Plans Health care plans Other
(€ million)
Present value of obligation at
2010 2009 2010 2009 2010 2009 2010 2009
the beginning of the year 1,001 1,062 2,568 2,267 794 848 258 288
Current service cost - - 27 23 7 6 15 13
Interest costs
Contribution by plan
32 55 145 142 44 52 11 14
participants
Actuarial losses (gains)
- - 3 4 4 3 - -
generated 45 (17) 181 255 43 (36) 13 (2)
Exchange rate differences - - 128 36 64 (23) 1 -
Benefits paid (113) (102) (171) (161) (59) (51) (32) (31)
Past service cost
Change in scope of
- - 3 - (38) (10) 7 (19)
consolidation 44 (2) 21 - - - 4 (1)
(Gains) Losses on curtailments - - - 4 - 4 4 (2)
(Gains) Losses on settlements - - - (2) - - (2) -
Other changes
Reclassified to Discontinued
- 5 2 - - 1 (1) (2)
Operations
Present value of obligation at
(198) - (2,385) - (858) - (151) -
the end of the year 811 1,001 522 2,568 1 794 127 258
The changes to the health care plans stated as past service cost in the obligation and in the composition of defined
benefit plan expenses in 2010 mainly relate to the health care plans in North America for the Agricultural and
Construction Equipment sector.
Fiat Group Consolidated Financial Statements at 31 December 2010 185