Volvo 2006 Annual Report Download - page 125

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Financial information 2006 121
United Great US
Sweden States France Britain Other Other
Obligations in defi ned benefi t plans Pensions Pensions Pensions Pensions benefi ts plans Total
Acquisitions, divestments and other changes (125) 81 – – 6 (1) (39)
Current year 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
Acquisitions, divestments and other changes (54) – 14 – (44) 301 217
Current year service costs 248 246 41 103 104 190 932
Interest costs 277 686 70 220 345 92 1,690
Unvested past service costs – 6 2 – (8) – –
Vested past service costs 4 – 8 – (17) 6 1
Termination benefi ts 122 – – – – (2) 120
Curtailments and settlements (146) (15) (4) – 1 (1) (165)
Employee contributions – – – 33 – – 33
Actuarial (gains) and losses 113 437 10 173 201 44 978
Exchange rate translation – (1,844) (69) (86) (962) (213) (3,174)
Benefi ts paid (263) (778) (359) (91) (572) (350) (2,413)
Obligations at December 31, 2006 7,142 12,017 1,571 4,987 6,199 2,824 34,740
of which
Funded defi ned benefi t plans 6,560 11,830 – 4,451 3,978 1,996 28,815
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
Expected return on plan assets 217 517 – 151 12 46 943
Actuarial gains and (losses) 141 174 - 73 (10) 5 383
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)
Expected return on plan assets 294 604 – 166 15 69 1,148
Actuarial gains and (losses) 461 (65) - 271 (9) 15 673
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) (129) (1,048)
Plan assets at December 31, 2005 5,925 10,728 – 4,072 190 1,363 22,278