Volvo 2008 Annual Report Download - page 111

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107
Financial information 2008
Fair value of plan assets in
funded plans Sweden
Pensions
United
States
Pensions
France
Pensions
Great
Britain
Pensions
US Other
benefi ts
Other
plans Total
Plan assets at January 1, 2007 6,394 12,226 – 4,880 139 1,588 25,227
Acquisitions, divestments and other changes – 643 –––49 692
Expected return on plan assets 384 849 – 275 1 97 1,606
Actuarial gains and (losses) (182) 13 – (45) 4 (12) (222)
Employer contributions 52 ––135 54 144 385
Employee contributions –––33 – 26 59
Exchange rate translation – (751) – (222) (7) 115 (865)
Benefi ts paid – (785) – (145) (55) (129) (1,114)
Plan assets at December 31, 2007 6,648 12,195 – 4,911 136 1,878 25,768
Acquisitions, divestments and other changes – (180) – 95 –1(84)
Expected return on plan assets 397 886 – 275 3 97 1,658
Actuarial gains and (losses) (1,578) (3,695) – (715) – (220) (6,208)
Employer contributions –––147 10 147 304
Employee contributions –––29 – 33 62
Exchange rate translation – 2,226 – (609) 18 64 1,699
Benefi ts paid – (760) – (141) (63) (130) (1,094)
Plan assets at December 31, 2008 5,467 10,672 – 3,992 104 1,870 22,105
Obligations in
defi ned benefi t plans Sweden
Pensions
United
States
Pensions
France
Pensions
Great
Britain
Pensions
US Other
benefi ts
Other
plans Total
Acquisitions, divestments and other changes (13) (226) (2) 116 – 22 (103)
Current year service costs 265 224 55 72 269 263 1,148
Interest costs 383 672 93 250 327 168 1,893
Past service costs
– Unvested 1–––––1
– Vested 6 27 –––639
Termination benefi ts 14 ––––721
Curtailments and settlements (34) 65 (2) – (42) (11) (24)
Employee contributions –––29 – (2) 27
Actuarial (gains) and losses 336 257 47 (304) 261 205 802
Exchange rate translation – 2,212 281 (593) 1,151 891 3,942
Benefi ts paid (312) (790) (185) (143) (577) (552) (2,559)
Obligations at December 31, 2008 9,097 13,648 2,087 4,035 6,971 5,333 41,171
of which
Funded defi ned benefi t plans 8,675 13,322 – 4,035 3,224 2,179 31,435