LensCrafters 2011 Annual Report Download - page 236

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ANNUAL REPORT 2011> 160 |
Amounts to be recognized in the statement of financial position and statement of income
along with actual return on assets were as follows:
(thousands of Euro)
Pension Plan SERPs
2011 2010 2011 2010
Amounts recognized in the
statement of financial position:
Liabilities:
Present value of the obligation 483,738 409,316 12,344 11,340
Fair value of plan assets 355,563 314,502 – –
Liability recognized in statement
of financial position 128,175 94,814 12,344 11,340
Accumulated other comprehensive
income:
Net gain/(loss), beginning of year (80,141) (63,659) (3,268) (2,627)
Asset gain/(loss) (28,762) 14,462 – –
Liability experience gain/(loss) (1,287) 1,744 (608) 421
Liability assumption change gain/(loss) (27,763) (28,161) (289) (875)
Translation difference (7,001) (4,527) (175) (187)
Accumulated other comprehensive
income, end of year (144,953) (80,141) (4,340) (3,268)
Service cost 19,171 18,640 491 367
Interest cost 21,323 21,700 625 627
Benefit vested (85) – (453) –
Expected return on plan assets (24,992) (21,185) – –
Settlement loss – – – 81
Expense recognized in profit or loss 15,416 19,155 663 1,075
Actual return on assets:
Expected return on assets 24,992 21,185 – –
Actuarial gain/(loss) on plan assets (28,762) 14,462 – –
Actual return on assets (3,770) 35,647 – –