Unilever 2006 Annual Report Download - page 110

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Unilever Annual Report and Accounts 2006 107
Financial Statements (continued)
Notes to the consolidated accounts Unilever Group
20 Pensions and similar obligations (continued)
Reconciliation of change in assets and liabilities
Movements in assets and liabilities during the year:
€million €million € million €million €million € million
Assets Assets Assets Liabilities Liabilities Liabilities
2006 2005 2004 2006 2005 2004
1January 16 006 13 419 12 819 (21 446) (18 773) (17 880)
Acquisitions/disposals (63) (3) – 123 18 (6)
Current service cost –––(384) (367) (344)
Employee contributions 14 19 32 –––
Special termination benefits –––(54) (79) (135)
Past service costs(b) –––293 (13) (13)
Settlements/curtailments (17) (10) (23) 76 105 85
Other finance income 1021 931 918 –––
Other finance cost –––(982) (986) (976)
Actuarial gain/(loss) 533 1592 369 525 (1 679) (1 094)
Employer contributions 1091 836 786 –––
Benefit payments (1 267) (1 247) (1 223) 1267 1247 1 223
Reclassification of benefits(c) 38 39 (166) (32) (140) 166
Currency retranslation (78) 430 (93) 256 (779) 201
31 December 17 278 16 006 13 419 (20 358) (21 446) (18 773)
(b) The reduction in liabilities in 2006 includes the €266 million reported on the face of the income statement.
(c) During 2004 some plans changed from defined benefit to defined contribution. During 2005 certain obligations were reclassified as
employee benefit obligations.
History of experience gains and losses
€million €million €million
2006 2005 2004
Actual return less expected return on plan assets (€ million) 533 1592 369
As % of plan assets at beginning of year 3.3% 11.9% 2.9%
Experience gains/(losses) on plan liabilities (€ million) 51 27 (47)
As % of present value of plan liabilities at beginning of year 0.2% 0.1% (0.3)%
Changes in actuarial assumptions underlying the present value of the
pension benefitand other benefitplan liabilities (€ million) 474 (1 706) (1 047)
As % of present value of plan liabilities at beginning of year 2.2% (9.1)% (5.9)%
Total actuarial gain/(loss) (€ million) 1058 (87) (725)
As % of present value of plan liabilities at beginning of year 4.9% (0.5)% (4.1)%