LensCrafters 2006 Annual Report Download - page 143
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NOTES TO CONSOLIDATED
FINANCIAL STATEMENTS |143 <
The following table sets forth the obligation and funded status of the postretirement benefit plans:
(Euro/000) 2005 2006
Change in benefit obligations
Benefit obligations, beginning of year 3,468 4,651
Translation difference 531 (460)
Service cost 137 134
Interest cost 211 222
Plan participants’ contributions 55 49
Actuarial gain (loss) 628 (511)
Change in plan provisions (67) (96)
Benefits paid (312) (153)
Benefit obligations, end of year 4,651 3,835
Change in plan assets
Fair value of plan assets, beginning of year - -
Company contribution 269 99
Plan participants’ contributions 58 46
Benefits paid (327) (145)
Fair value of plan assets, end of year - -
Funded status (4,651) (3,835)
Unrecognized net gain and prior service costs 364
Other 73
Accrued post retirement benefit costs (4,214) (3,835)
Amounts recognized in the consolidated balance sheets as of December 31, 2005 and 2006,
consist of the following:
(Euro/000) 2005 2006
Liabilities
Current liabilities - 185
Non-current liabilities 4,214 3,650
Total pension liabilities 4,214 3,835
Amounts recognized in accumulated other comprehensive income consist of as of December 31,
2005 and 2006:
(Euro/000) 2005 2006
Other comprehensive income
Net loss (gain) 528 (19)
Prior service cost (credit) (164) (215)
Contributions after measurement date 73 14
Accumulated other comprehensive income 437 (220)