Chrysler 2013 Annual Report Download - page 313

312 Fiat S.p.A.
Statutory Financial
Statements
at 31 December 2013
Notes
19. Provisions for employee benefits and other non-current provisions
At 31 December 2013, this item totaled €142,741 thousand, an increase of €830 thousand over 31 December 2012, and consisted of the
following:
(€ thousand)
31 December
2012 Accruals Utilizations Other changes
31 December
2013
Defined benefit liability 14,576 1,929 (1,928) 3,255 17,832
Other long-term employee benefits 1,640 -(407) (192) 1,041
Provisions for stock option and stock grant plans 124,947 796 (2,138) (389) 123,216
Other non-current provisions 748 - (96) - 652
Total provisions for employee benefits
and other non-current provisions 141,911 2,725 (4,569) 2,674 142,741
The Company provides employees post-employment benefits in the form of both defined contribution and defined benefit plans. In relation
to defined contribution plans, the Company pays contributions to various publicly or privately-administered pension institutions on the basis
of legal and contractual obligations, as well as on a voluntary basis. Once those contributions have been made, the Company has no further
obligation. Liabilities for contributions due but unpaid at the balance sheet date are included under other debt (see Note 25). The cost for the
period is based on actual services rendered by the employee and is recognized under personnel costs (see Note 5).
Defined benefit plans
Defined benefits plans primarily consist of post-employment benefits accruing to employees, former employees and the Chief Executive Officer
under supplemental company or individual agreements. Those plans are unfunded.
Changes in those liabilities during the year were as follows:
Leaving entitlement (TFR) Other Total
(€ thousand)
31
December
2013
31
December
2012
31
December
2013
31
December
2012
31
December
2013
31
December
2012
Balance at beginning of period 4,548 4,437 10,028 9,915 14,576 14,352
Included in income statement
- Current service cost --1,724 947 1,724 947
- Interest cost 67 112 138 186 205 298
Included in OCI
- Actuarial losses/(gains) attributable to demographic assumptions 8---8-
- Actuarial losses/(gains) attributable to financial assumptions 167 -315 -482 -
- Other 1,253 1,419 (355) (753) 898 666
Benefits paid (1,656) (174) (272) (230) (1,928) (404)
Other changes 612 (1,246) 1,255 (37) 1,867 (1,283)
Defined benefit liability at 31 December 4,999 4,548 12,833 10,028 17,832 14,576