Chrysler 2012 Annual Report Download - page 290

289
Fiat S.p.A. - Statutory
Financial Statements
at 31 December 2012
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
2012
31 December
2011
31 December
2012
31 December
2011
31 December
2012
31 December
2011
Present value of obligation at the beginning of the year 4,436 4,993 9,733 11,736 14,169 16,729
Current service cost --917 1,030 917 1,030
Interest costs 112 112 186 190 298 302
Actuarial (gains)/losses arising during the year 1,419 1,331 (753) 2,563 666 3,894
Benefits paid (1,861) (2,608) (282) (5,947) (2,143) (8,555)
Other changes 441 608 22 161 463 769
Present value of obligation at year end 4,547 4,436 9,823 9,733 14,370 14,169
The present value of defined benefit obligations in 2012 and the three previous years is as follows:
(€ thousand)
31 December
2012
31 December
2011
31 December
2010
31 December
2009
Present value of obligation at year end:
- Leaving entitlement (TFR) 4,547 4,436 4,993 6,280
- Others 9,823 9,733 11,736 17,486
Total 14,370 14,169 16,729 23,766
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) 2012 2011
Experience adjustments actuarial (gains)/losses:
- Leaving entitlement (TFR) 1,312 1,343
- Others (229) 2,580
Total effect on present value of obligation 1,083 3,923
Provisions for stock option and stock grant plans
At 31 December 2012, this item totaled €124,947 thousand and represented the liability arising from the obligation, following the Demerger, to deliver Fiat
Industrial S.p.A. shares to cover a portion of the stock option and stock grant plans.
Changes in provisions for stock option and stock grant plans for the year were as follows:
(€ thousand)
31 December
2011
Fair value
adjustment Utilizations Other changes
31 December
2012
Provisions for stock option and stock grant plans 121,604 30,292 (26,500) (449) 124,947