Volvo 2012 Annual Report Download - page 134
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Please find page 134 of the 2012 Volvo annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.Fair value of plan assets in funded plans Sweden
Pensions US
Pensions France
Pensions
Great
Britain
Pensions US Other
benefits Other
plans Total
Plan assets at January 1, 2011 7,078 9,535 –4,393 24 1,924 22,954
Acquisitions, divestments and other changes 3 8 – – – 6 17
Expected return on plan assets 426 683 –204 –92 1,405
Actuarial gains and (losses) (681) (628) –81 –(96) (1,324)
Employer contributions 756 829 –91 –410 2,086
Employee contributions –––12 – 7 19
Exchange rate translation –178 –60 –(18) 220
Benefits paid (2) (763) –(161) –(578) (1,504)
Plan assets as of December 31, 2011 7, 580 9,842 –4,680 24 1,747 23,873
Acquisitions, divestments and other changes (938) 1 6 – – (25) (956)
Expected return on plan assets 440 733 –188 –78 1,439
Actuarial gains and (losses) 133 391 –147 –27 698
Employer contributions 25 1,022 –87 139 209 1,482
Employee contributions –––10 –18 28
Exchange rate translation –(624) –(86) (1) (39) (750)
Benefits paid (1) (773) –(189) (139) (94) (1,196)
Plan assets as of December 31, 2012 7, 239 10,592 64,837 23 1,921 24,618
Net provisions for post-employment benefits Sweden
Pensions US
Pensions France
Pensions
Great
Britain
Pensions
US
Other
benefits Other
plans Total
Funded status at December 31, 2011 (4,432) (4,518) (1,765) 311 (3,553) (2,528) (16,485)
Unrecognized actuarial (gains) and losses 4,569 5,509 333 341 434 753 11,939
Unrecognized past service costs –(54) 276 – – – 222
Net provisions for post-employment benefits
as of December 31, 2011 137 937 (1,156) 652 (3 ,119) (1,775) (4,324)
Whereof related to Assets held for sale177 – – – – (13) 64
Net provision for post-employment benefits
excluding Assets held for sale 60 937 (1,156) 652 (3,119) (1,762) (4,388)
of which reported as
Prepaid pensions 60 1,381 –652 102 82 2,277
Provisions for post-employment benefits –(444) (1,156) –(3,221) (1,844) (6,665)
Funded status as of December 31, 2012 (5,271) (4,537) (1,996) 97 (3,714) (2,433) (17,854)
Unrecognized actuarial (gains) and losses 5,049 5,984 478 572 638 912 13,633
Unrecognized past service costs –(44) 257 (5) (2) 42 248
Net provisions for post-employment benefits
as of December 31, 2012 (222) 1,403 (1,261) 664 (3,078) (1,479) (3,973)
of which reported as
B/S Prepaid pensions 57 1,818 –670 89 90 2,724
B/S Provisions for post-employment benefits (279) (415) (1,261) (6) (3,167) (1,569) (6,697)
1 As of December 31, 2011 pension obligation amounted to 1,394, plan assets amounted to 926 and unrecognized actuarial losses amounted to 532 in regards to
Assets held for sale.
NOTES TO FINANCIAL STATEMENTS
FINANCIAL INFORMATION 2012
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