Chrysler 2007 Annual Report Download - page 166

165Fiat Group Consolidated Financial Statements at December 31, 2007 - Notes
Defined benefit plans may be unfunded, or they may be wholly or partly funded by contributions by an entity, and sometimes by
its employees, into an entity, or fund, that is legally separate from the employer and from which the employee benefits are paid.
Finally, the Group grants certain other long-term benefits to its employees; these benefits include those generally paid when an
employee attains a certain level of seniority or when a specified event occurs. In this case the measurement of the obligation
reflects the probability that payment will be required and the length of time for which payment is expected to be made.
Provisions for employee benefits are as follows:
(in millions of euros) At December 31, 2007 At December 31, 2006
- Employee severance indemnity 1,180 1,270
- Pension Plans 711 795
- Health care plans 846 986
- Other 253 259
Total post-employment benefits 2,990 3,310
Other provisions for employees 437 266
Other long-term employee benefits 170 185
Total provision for employee benefits 3,597 3,761
Defined benefit plan assets 18 11
Total Defined benefits plan assets 18 11
The item Other provisions for employees consists of the best estimate at the balance sheet date of short-term employee benefits
payable by the Group within twelve months after the end of the period in which the employees render the related service.
In 2007 and in 2006 changes in Other provisions for employees and in Other long-term employee benefits are as follows:
Change
At in the scope of At
December 31, consolidation and December 31,
(in millions of euros) 2006 Provision Utilisation other changes 2007
Other provisions for employees 266 419 (242) (6) 437
Other long-term employee benefits 185 17 (16) (16) 170
Total 451 436 (258) (22) 607
Change
At in the scope of At
December 31, consolidation and December 31,
(in millions of euros) 2005 Provision Utilisation other changes 2006
Other provisions for employees 216 209 (129) (30) 266
Other long-term employee benefits 152 21 (14) 26 185
Total 368 230 (143) (4) 451