Chrysler 2010 Annual Report Download - page 231

FIAT GROUP
CONSOLIDATED
FINANCIAL
STATEMENTS
AT 31 DECEMBER
2010
NOTES
230
Changes in the fair value of plan assets are as follows:
Pension Plans Health care plans
(€ million) 2010 2009 2010 2009
Fair value of plan assets at the beginning of the year 1,796 1,554 46 39
Expected return on plan assets 135 113 4 3
Actuarial gains (losses) generated 37 122 2 6
Exchange rate differences 108 40 4 (2)
Contribution by employer 102 113 55 48
Contribution by plan participants 3 4 4 3
Benefits paid (158) (148) (59) (51)
Change in scope of consolidation 20 - - -
(Gains) losses on settlements - (2) - -
Other changes 4 - - -
Reclassified to Discontinued Operations (1,720) - (56) -
Fair value of plan assets at the end of the year 327 1,796 - 46
As discussed earlier, the Group, and in particular the companies of the CNH – Case New Holland sector, began making contributions on a voluntary basis
in 2007 to a separate and independently managed fund established to finance the North American health care plans.
Plan assets for Post-employment benefits and Health-care benefits mainly consist of listed equity instruments and fixed income securities; plan assets do
not include treasury shares of Fiat S.p.A. or properties occupied by Group companies.
Plan assets may be summarised as follows:
At 31 December 2010 At 31 December 2009
Continuing Discontinued
Operations Operations Total Total
Third party equity instruments 44% 40% 40% 37%
Third party debt instruments 38% 49% 47% 50%
Properties occupied by third parties 1% 1% 1% 1%
Other assets 17% 10% 12% 12%
Assumed health care cost trend rates have a significant effect on the amount recognised in the 2010 profit (loss) from Discontinued Operations. A one
percentage point change in assumed health care cost trend rates would have the following effects:
One percentage One percentage
(€ million) point increase point decrease
Effect on the aggregate of the service costs and interest cost 5 4
Effect on defined benefit obligation 78 66