Chrysler 2005 Annual Report Download - page 130

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129
Fiat Group Consolidated Financial Statements at December 31, 2005 - N otes to the Consolidated Financial Statements
O ther
The item O ther includes loyalty bonuses, which are due to employees who reach a specified seniority and are generally settled when an
employee leaves the Group;and for French entities, the “indemnité de depart à la retraite”, a plan similar to the Italian TFR.These schemes are
unfunded.
The amounts recognised in the balance sheet at December 31, 2005 and 2004 for post-employment benefits are as follows:
Employee
severance indemnity Pension Plans Health care plans O ther
At At At At At At At At
December December December D ecember December December December December
(in millions of euros) 31, 2005 31, 2004 31, 2005 31, 2004 31, 2005 31, 2004 31, 2005 31, 2004
Present value of funded obligations 2,514 2,406
Less:Fair value of plan assets –(2,014) 1,623
500 783
Present value of unfunded obligations 1,417 1,243 539 304 1,417 1,186 323 278
Unrecognised actuarial gains (losses) (134) (64) (163) (105) (370) (172) (28) (16)
Less:Unrecognised past service cost –(4)(5) 55 10 (1)
N et liability 1,283 1,179 872 977 1,102 1,024 294 262
Amounts in the balance sheet
Liabilities 1,283 1,179 872 977 1,102 1,024 294 262
Less:Assets
N et liability 1,283 1,179 872 977 1,102 1,024 294 262
The amounts recognised in the income statement for Post-employment benefits are as follows:
Employee
severance indemnity Pension Plans Health care plans O ther
(in millions of euros) 2005 2004 2005 2004 2005 2004 2005 2004
Current service cost 86 87 48 36 12 12 16 14
Interest costs 33 27 140 144 60 67 98
Less:Expected return on plan assets –(127) (119)
N et actuarial (gains) losses recognised in the year 1114 41
Past service cost 11(11)1
Losses (gains) on curtailments and settlements 1(1)
Plan amendments –(8)(98) (22)
O ther 1–(7)1(1) (3)
Total cost (gains) for Post-employment benefits 121 114 47 64 (22)5626 23
Actual return on plan assets n/a n/a 198 158 n/a n/a n/a n/a