Chrysler 2011 Annual Report Download - page 310

309
Fiat S.p.A. - Statutory
Financial Statements
at 31 December 2011
The items current service cost and net actuarial (gains) losses recognized during the year are recorded in the income statement item personnel costs (see
Note 5) if relating to employees and in other operating costs (see Note 6) if relating to the Chief Executive Officer.
Associated interest costs are recognized in the income statement under financial income/(expense) (see Note 7).
Changes in the present value of post-employment benefit obligations are as follows:
Leaving entitlement (TFR) Other Total
(€ thousand)
31
December
2011
31
December
2010
31
December
2011
31
December
2010
31
December
2011
31
December
2010
Present value of obligation at the beginning of the year 4,993 6,280 11,736 17,486 16,729 23,766
Current service cost --1,030 919 1,030 919
Interest costs 112 191 190 326 302 517
Actuarial (gains)/losses arising during the year 1,331 957 2,563 (1,890) 3,894 (933)
Benefits paid (2,608) (2,456) (5,947) (5,132) (8,555) (7,588)
Other changes 608 21 161 27 769 48
Present value of obligation at year end 4,436 4,993 9,733 11,736 14,169 16,729
The present value of defined benefit obligations in 2011 and the three previous years is as follows:
(€ thousand) 31 December 2011 31 December 2010 31 December 2009 31 December 2008
Present value of obligation at year end:
- Leaving entitlement (TFR) 4,436 4,993 6,280 6,334
- Others 9,733 11,736 17,486 18,679
Total 14,169 16,729 23,766 25,013
Gains and losses arising from differences between actuarial assumptions made at the beginning of the period and the actual experience during the period
are as follows:
(€ thousand) 2011 2010
Experience adjustments actuarial (gains)/losses:
- Leaving entitlement (TFR) 1,343 806
- Others 2,580 (612)
Total effect on present value of obligation 3,923 194