Volvo 2005 Annual Report Download - page 115

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Volvo Group 2005 111
United Great US
Sweden States France Britain Other Other
Obligations in defi ned benefi t plans Pensions Pensions Pensions Pensions benefi ts plans Total
Obligations at January 1, 2004 5,332 10,707 2,333 2,986 6,278 1,595 29,231
Acquisitions, divestments and other changes 140 – (85) 138 – – 193
Service costs 176 206 19 82 193 136 812
Interest costs 280 668 115 172 348 72 1,655
Unvested past service costs – 3 (66) – – – (63)
Vested past service costs (46) 66 – – – 22 42
Termination benefi ts 88 – 205 – – 483 776
Curtailments and settlements (35) (5) – – – 35 (5)
Employee contributions – – – 30 – 1 31
Actuarial gains (–) and losses (+) 573 683 74 215 364 39 1,948
Exchange rate translation – (1,103) (19) (76) (576) 29 (1,745)
Benefi ts paid (271) (704) (497) (101) (532) (124) (2,229)
Obligations at December 31, 2004 6,237 10,521 2,079 3,446 6,075 2,288 30,646
Acquisitions, divestments and other changes (125) 81 – – 6 (1) (39)
Service costs 203 304 37 80 184 169 977
Interest costs 303 637 97 195 321 83 1,636
Unvested past service costs – 3 – (12) – – (9)
Vested past service costs (72) 44 – – 1 11 (16)
Termination benefi ts 104 – – – – 44 148
Curtailments and settlements (371) – – – – – (371)
Employee contributions – – – 34 – (2) 32
Actuarial gains (–) and losses (+) 810 281 (12) 714 (66) 151 1,878
Exchange rate translation – 2,171 92 287 1,222 238 4,010
Benefi ts paid (248) (763) (435) (109) (592) (224) (2,371)
Obligations at December 31, 2005 6,841 13,279 1,858 4,635 7,151 2,757 36,521
of which
Funded defi ned benefi t plans 6,342 12,962 – 4,135 3,772 1,744 28,955
United Great US
Sweden States France Britain Other Other
Fair value of plan assets in funded plans Pensions Pensions Pensions Pensions benefi ts plans Total
Plan assets at January 1, 2004 3,592 6,727 – 2,254 111 1,062 13,746
Acquisitions, divestments and other changes 129 15 – 114 – 18 276
Actual return on plan assets 358 691 – 224 2 51 1,326
Employer contributions – 1,153 – 83 106 105 1,447
Employee contributions – – – 30 – 1 31
Exchange rate translation – (730) – (55) (20) 1 (804)
Benefi ts paid – (693) – (98) – (92) (883)
Plan assets at December 31, 2004 4,079 7,163 – 2,552 199 1,146 15,139
Acquisitions, divestments and other changes (97) (35) – (13) – 4 (141)
Actual return on plan assets 755 539 – 437 6 84 1,821
Employer contributions 1,188 2,225 – 906 18 103 4,440
Employee contributions – – – 78 – 8 86
Exchange rate translation – 1,577 – 220 37 147 1,981
Benefi ts paid – (741) – (108) (70) (128) (1,047)
Plan assets at December 31, 2005 5,925 10,728 – 4,072 190 1,364 22,279