LensCrafters 2010 Annual Report Download - page 165
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|163 >
NOTES TO THE
CONSOLIDATED
FINANCIAL
STATEMENTS
The following tables provide key information pertaining to the Lux Plan and SERPs.
(thousands of Euro)
Obligations and Funded Status
Pension Plan SERPs
2010 2009 2010 2009
Change in benefit obligations:
Benefit obligation – beginning of period 334,015 313,520 11,299 12,014
Service cost 18,640 18,443 367 466
Interest cost 21,700 19,476 627 664
Actuarial (gain)/loss 26,417 1,952 455 (1,142)
Settlement loss – – 81 –
Benefits paid (14,152) (9,545) (23) (367)
Settlements – – (2,293) –
Translation difference 22,696 (9,831) 827 (336)
Benefit obligation – end of period 409,316 334,015 11,340 11,299
(thousands of Euro)
Pension Plan SERPs
2010 2009 2010 2009
Change in plan assets:
Fair value of plan assets – beginning of period 238,168 184,379 – –
Expected return on plan assets 21,185 15,205 – –
Actuarial gain/(loss) on plan assets 14,462 23,790 – –
Employer contribution 39,164 31,267 2,316 367
Benefits paid (14,152) (9,546) (23) (367)
Translation difference 15,675 (6,927) (2,293) –
Fair value of plan assets – end of period 314,501 238,168 – –
Unfunded status – end of period 94,815 95,847 11,340 11,299