Chrysler 2013 Annual Report Download - page 197

196 Consolidated
Financial Statements
at 31 December 2013
Notes
25. Provisions for employee benefits
Group’s provisions and net assets for employee benefits are as follows:
(€ million) At 31 December 2013 At 31 December 2012 At 1 January 2012
Present value of defined benefit obligations:
Pension benefits 23,136 26,973 25,202
Health care and life insurance plans 1,945 2,289 2,070
Other post-employment benefits 984 960 919
Total present value of defined benefit obligations 26,065 30,222 28,191
Fair value of plan assets 18,982 20,049 20,005
Asset ceiling 3- -
Total net defined benefit plans 7,086 10,173 8,186
of which:
Net defined benefit liability 7,181 10,256 8,280
(Defined benefit plan asset) (95) (83) (94)
Other provisions for employees and liabilities for share based payments 1,084 1,230 1,304
Total Provisions for employee benefits 8,265 11,486 9,584
The Group provides post-employment benefits for certain of their active employees and retirees. The way these benefits are provided varies
according to the legal, fiscal and economic conditions of each country in which the Group operates and may change periodically. The plans
are classified by the Group on the basis of the type of benefit provided as follows: Pension benefits, Health care and life insurance plans, and
Other post-employment benefits. Moreover, Group companies provide post-employment benefits, such as pension or health care benefits,
to its employees under defined contribution plans. In this case, the Group pays contributions to public or private insurance plans on a legally
mandatory, contractual, or voluntary basis. By paying these contributions the Group fulfills all of its obligations. The Group recognizes the cost
for defined contribution plans over the period in which the employee renders service and classifies this by function in Cost of sales, Selling,
general and administrative costs and Research and development costs. In 2013 this costs totaled €1,288 million (€1,087 million in 2012).