Electrolux 2011 Annual Report Download - page 144
Download and view the complete annual report
Please find page 144 of the 2011 Electrolux 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.-
1 -
2
-
3
-
4
-
5
-
6
-
7
-
8
-
9
-
10
-
11
-
12
-
13
-
14
-
15
-
16
-
17
-
18
-
19
-
20
-
21
-
22
-
23
-
24
-
25
-
26
-
27
-
28
-
29
-
30
-
31
-
32
-
33
-
34
-
35
-
36
-
37
-
38
-
39
-
40
-
41
-
42
-
43
-
44
-
45
-
46
-
47
-
48
-
49
-
50
-
51
-
52
-
53
-
54
-
55
-
56
-
57
-
58
-
59
-
60
-
61
-
62
-
63
-
64
-
65
-
66
-
67
-
68
-
69
-
70
-
71
-
72
-
73
-
74
-
75
-
76
-
77
-
78
-
79
-
80
-
81
-
82
-
83
-
84
-
85
-
86
-
87
-
88
-
89
-
90
-
91
-
92
-
93
-
94
-
95
-
96
-
97
-
98
-
99
-
100
-
101
-
102
-
103
-
104
-
105
-
106
-
107
-
108
-
109
-
110
-
111
-
112
-
113
-
114
-
115
-
116
-
117
-
118
-
119
-
120
-
121
-
122
-
123
-
124
-
125
-
126
-
127
-
128
-
129
-
130
-
131
-
132
-
133
-
134 -
135 -
136 -
137 -
138 -
139 -
140 -
141 -
142 -
143 -
144 -
145 -
146 -
147 -
148 -
149 -
150 -
151 -
152 -
153 -
154 -
155
-
156
-
157
-
158
-
159
-
160
-
161
-
162
-
163
-
164
-
165
-
166
-
167
-
168
-
169
-
170
-
171
-
172
-
173
-
174
-
175
-
176
-
177
-
178
-
179
-
180
-
181
-
182
-
183
-
184
-
185
-
186
-
187
-
188
-
189
 |
 |
Reconciliation of change in present value of defined benefit obligation
for funded and unfunded obligations
2011 2010
Pension
benefits
Healthcare
benefits
Other post-
employment
benefits Total
Pension
benefits
Healthcare
benefits
Other post-
employment
benefits Total
Opening balance, January 1 18,998 2,068 657 21,723 19,610 2,055 734 22,399
Current service cost 198 1 4 203 312 1 4 317
Interest cost 865 93 28 986 957 114 35 1,106
Contributions by plan participants 41 16 — 57 41 21 — 62
Actuarial losses/gains 1,458 190 16 1,664 222 150 26 398
Past-service cost –3 — –2 –5 — — 15 15
Curtailments/special termination benefit cost 6 –2 — 4 10 32 12 54
Liabilities extinguished on settlements –5 — 6 1 –2 — –3 –5
Exchange-rate differences on foreign plans 215 38 –6 247 –1,054 –117 –94 –1,265
Benefits paid –1,062 –168 –65 –1,295 –1,098 –199 –72 –1,369
Other 1 13 — 14 — 11 — 11
Closing balance, December 31 20,712 2,249 638 23,599 18,998 2,068 657 21,723
Reconciliation of change in fair value of plan assets
2011 2010
Pension
benefits
Healthcare
benefits
Other post-
employment
benefits Total
Pension
benefits
Healthcare
benefits
Other post-
employment
benefits Total
Opening balance, January 1 18,069 1,340 — 19,409 17,749 1,259 — 19,008
Expected return on plan assets 1,099 88 — 1,187 1,140 90 — 1,230
Actuarial gains/losses –344 –108 — –452 581 53 — 634
Settlements — — — — — — — —
Contributions by employer 479 143 65 687 626 192 72 890
Contributions by plan participants 41 16 — 57 41 21 — 62
Exchange-rate differences on foreign plans 185 17 — 202 –974 –76 — –1,050
Benefits paid –1,062 –168 –65 –1,295 –1,098 –199 –72 –1,369
Other 1 3 — 4 4 — — 4
Closing balance, December 31 18,468 1,331 — 19,799 18,069 1,340 — 19,409
The pension plan assets include ordinary shares issued by AB
Electrolux with a fair value of SEK 49m (86). In 2012, the Group
expects to pay a total of SEK 763m in contributions to the funds
and payments of benefits directly to the employees. In 2011, this
amounted to SEK 687m, of which SEK 380m were contribu-
tions to the Group’s pension funds.
61