Chrysler 2010 Annual Report Download - page 348

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Changes in the present value of the obligation for post-employment benefits are as follows:
Employee severance indemnity Other Total
(€ thousand) 2010 2009 2010 2009 2010 2009
Present value of obligation at the beginning of the year 6,280 6,334 17,486 18,679 23,766 25,013
Current service cost - - 919 1,084 919 1,084
Interest costs 191 341 326 743 517 1,084
Actuarial (gains)/losses arising during the year 957 397 (1,890) (834) (933) (437)
Benefits paid (2,456) (1,059) (5,132) (2,230) (7,588) (3,289)
Other changes 21 267 27 44 48 311
Present value of obligation
at the end of the year 4,993 6,280 11,736 17,486 16,729 23,766
The present value of the defined benefit obligations in 2010 and the three previous years is as follows:
(€ thousand)
31 December 2010 31 December 2009 31 December 2008 31 December 2007
Present value of obligation at the end of the year:
Employee severance indemnity 4,993 6,280 6,334 6,280
Others 11,736 17,486 18,679 11,851
Total 16,729 23,766 25,013 18,131
The effects of the differences between the previous actuarial assumptions and what has actually occurred (experience adjustments) at 31 December 2010
and 2009 is as follows:
(€ thousand)
2010 2009
Experience adjustments actuarial (gains)/losses:
Employee severance indemnity 806 323
Others (612) (1,459)
Total effect on the present value of defined benefit obligation 194 (1,136)
Other non-current provisions
At 31 December 2010, this item totaled €1,021 thousand (€1,245 thousand at 31 December 2009) and mainly relates to future amounts to be paid to
employees who left the Company in previous years under a long-term benefit program which bridges the period prior to retirement.
During 2009, changes in provisions for employee benefits and other non-current provisions were as follows:
(€ thousand) 31 December 2008 Accruals Utilizations Other changes 31 December 2009
Provisions for employee benefits and similar provisions 25,163 2,256 (2,459) (764) 24,196
Other non-current provisions 1,255 - (10) - 1,245
Total provisions for employee benefits and
other non-current provisions 26,418 2,256 (2,469) (764) 25,441