LensCrafters 2005 Annual Report Download - page 133

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> 132 | ANNUAL REPORT 2005
Obligations and funded status
Pension plan SERP
In thousands of Euro 2004 2005 2004 2005
Change in benefit obligations
Benefit obligation at beginning of period 191,787 225,028 4,667 4,814
Translation differences (17,558) 33,278 (366) 739
Service cost 11,584 12,356 199 218
Interest cost 11,012 13,859 248 318
Actuarial loss (gain) (5,648) 2,364 (169) 497
Acquisition 41,536 - 564 -
Benefits paid (7,685) (7,934) (329) (55)
Benefit obligation at end of period 225,028 278,951 4,814 6,531
Pension plan SERP
In thousands of Euro 2004 2005 2004 2005
Change in plan assets
Fair value of plan assets
at beginning of period 123,044 149,644 - -
Translation differences (11,748) 23,137 - -
Actual return (loss) on plan assets 10,486 18,020 - -
Plan assets acquired 23,913 - - -
Employer contribution 11,634 23,449 329 55
Benefits paid (7,685) (7,934) (329) (55)
Fair value of plan assets at end of period 149,644 206,316 - -
Funded status (75,384) (72,631) (4,814) (6,530)
Unrecognized net actuarial loss 43,520 47,373 965 1,494
Unrecognized prior service cost 1,623 1,262 47 43
Other adjustments 464 - 40 3
Accrued pension cost (29,777) (23,996) (3,762) (4,990)