Volvo 2006 Annual Report Download - page 126
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122 Financial information 2006
The Volvo Group
Notes to consolidated financial statements
Plan assets by category 2006 %
Shares and participation, Volvo 51 0
Shares and participations, other 12,709 51
Bonds 10,076 40
Property 313 1
Liquid funds etc. 2,078 8
25,227 100
Actuarial gains and losses 2006
Experience-based adjustments in obligation (530)
Experience-based adjustments in plan assets 717
Effects of changes in actuarial assumptions (448)
Actuarial gains and (losses), net (261)
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
Acquisitions, divestments and other changes – – – – – 164 164
Expected return on plan assets 347 753 – 204 4 55 1,363
Actuarial gains and (losses) 233 323 - 94 3 64 717
Employer contributions – 2,858 – 646 38 181 3,723
Employee contributions – – – 33 – 2 35
Exchange rate translation – (1,674) – (78) (24) (130) (1,906)
Benefi ts paid (111) (762) – (91) (72) (111) (1,147)
Plan assets at December 31, 2006 6,394 12,226 – 4,880 139 1,588 25,227
United Great US
Sweden States France Britain Other Other
Net provisions for post-employment benefi ts Pensions Pensions Pensions Pensions benefi ts plans Total
Funded status at December 31, 2004 (2,158) (3,358) (2,079) (894) (5,876) (1,142) (15,507)
Unrecognized actuarial (gains) and losses 456 277 69 162 240 54 1,258
Unrecognized past service costs – 2 (66) (3) (9) (7) (83)
Net provisions for post-employment benefi ts at
December 31, 2004 (1,702) (3,079) (2,076) (735) (5,645) (1,095) (14,332)
whereof reported as
Prepaid pensions and other assets 2 166 – – 133 70 371
Provisions for post-employment benefi ts (1,704) (3,245) (2,076) (735) (5,778) (1,165) (14,703)
Funded status at December 31, 2005 (916) (2,551) (1,858) (563) (6,961) (1,394) (14,243)
Unrecognized actuarial (gains) and losses 755 770 223 592 326 201 2,867
Unrecognized past service costs – 3 (67) (12) (12) 2 (86)
Net provisions for post-employment benefi ts at
December 31, 2005 (161) (1,778) (1,702) 17 (6,647) (1,191) (11,462)
whereof reported as
Prepaid pensions and other assets – 145 – 35 253 91 524
Provisions for post-employment benefi ts (161) (1,923) (1,702) (18) (6,900) (1,282) (11,986)
Funded status at December 31, 2006 (748) 209 (1,571) (107) (6,060) (1,236) (9,513)
Unrecognized actuarial (gains) and losses 626 798 224 649 412 249 2,958
Unrecognized past service costs – 8 (25) – (71) (8) (96)
Net provisions for post-employment benefi ts at
December 31, 2006 (122) 1,015 (1,372) 542 (5,719) (995) (6,651)
whereof reported as
Prepaid pensions and other assets – 1,412 – 542 87 – 2,041
Provisions for post-employment benefi ts (122) (397) (1,372) – (5,806) (995) (8,692)