Chrysler 2008 Annual Report Download - page 305

The present value of the defined benefit obligations in 2007 and the two previous years is as follows:
At At At
(€ thousands) 31 December 2008 31 December 2007 31 December 2006
Present value of obligation at the end of the year:
- Employee severance indemnity 6,334 6,280 8,412
- Others 18,679 11,851 13,655
Total 25,013 18,131 22,067
The effects of the differences between the previous actuarial assumptions and what has actually occurred (experience adjustments)
at 31 December 2007 and 2006, is as follows:
(€ thousands) 2008 2007
Experience adjustments actuarial (gains) losses:
- Employee severance indemnity (153) 468
- Others (1,465) (1,671)
Total effect on the present value of defined benefit obligation (1,618) (1,203)
Other non-current provisions
This item amounts to €1,255 thousand at 31 December 2008 (€1,265 thousand at 31 December 2007) and mainly represents the
future amounts to be paid to employees who left the company in previous years under “
mobilità lunga ” programme (the long-term
benefit to bridge the period prior to retirement).
During 2007 changes in Provisions for employee benefits and other non-current provisions were as follows:
At At
(€ thousands) 31 December 2006 Accruals Utilisations Other changes 31 December 2007
Provisions for employee benefits and similar 18,071 4,263 (2,051) (246) 20,037
Other non-current provisions 33 – – 1,232 1,265
Total Provisions for employee benefits and other
non-current provisions 18,104 4,263 (2,051) 986 21,302
Fiat S.p.A. Statutory Financial Statements at 31 December 2008304