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Unilever Annual Report and Accounts 2009 117
19 Pensions and similar obligations (continued)
Statement of comprehensive income
Amounts recognised in the statement of comprehensive income:
€ million € million € million € million € million € million
Cumulative
since
1 January
2009 2008 2007 2006 2005 2004
Actual return less expected return on pension and other benefit
plan assets 1,277 (4,243) (236) 533 1,592 (708)
Experience gains/(losses) arising on pension plan and other
benefit plan liabilities 250 – 103 51 27 384
Changes in assumptions underlying the present value of the
pension and other benefit plan liabilities (1,489) 1,116 946 474 (1,706) (1,706)
Actuarial gain/(loss) 38 (3,127) 813 1,058 (87) (2,030)
Change in unrecognised surplus – – – 142 (41) 103
Refund of unrecognised assets ––––1515
Net actuarial gain/(loss) recognised in statement of comprehensive
income (before tax) 38 (3,127) 813 1,200 (113) (1,912)
Reconciliation of change in assets and liabilities
Movements in assets and liabilities during the year:
€ million € million € million € million € million € million
Assets Assets Assets Liabilities Liabilities Liabilities
2009 2008 2007 2009 2008 2007
1 January 11,719 17,253 17,278 (15,101) (18,342) (20,358)
Acquisitions/disposals – – (3) – 2 5
Current service cost – – – (228) (272) (329)
Employee contributions 12 1212–––
Special termination benefits – – – (50) (54) (59)
Past service costs – – – 50 24 35
Settlements/curtailments (9) (12) (4) 29 28 76
Expected returns on plan assets 776 1,131 1,171–––
Interest on pension liabilities – – – (940) (988) (1,013)
Actuarial gain/(loss) 1,277 (4,243) (236) (1,239) 1,117 1,049
Employer contributions 1,202 754 1,158–––
Benefit payments (1,204) (1,367) (1,247) 1,204 1,367 1,247
Reclassification of benefits(b) – (7) (7) – 7 7
Currency retranslation 640 (1,802) (869) (720) 2,010 998
31 December 14,413 11,719 17,253 (16,995) (15,101) (18,342)
(b) Certain obligations have been reclassified as employee benefit obligations.
The actual return on plan assets during 2009 was € 2,053 million i.e. the sum of € 776 million and €1,277 million from the table above
(2008: €(3,112) million).
Funded status of plans at the year end
€ million € million € million € million € million
2009 2008 2007 2006 2005
Total assets 14,413 11,719 17,253 17,278 16,006
Total pension liabilities (16,995) (15,101) (18,342) (20,358) (21,446)
Net liabilities (2,582) (3,382) (1,089) (3,080) (5,440)
Less unrecognised surplus –– – – (141)
Pension liabilities net of assets (2,582) (3,382) (1,089) (3,080) (5,581)
20 Comprehensive income
Tax effects of the components of other comprehensive income were as follows:
€ million € million € million € million € million € million
Tax Ta x
Before (charged)/ After Before (charged)/ After
tax credit tax tax credit tax
2009 2009 2009 2008 2008 2008
Fair value gains/(losses) on financial instruments 163 (58) 105 (204) 40 (164)
Actuarial gains/(losses) on pension schemes 38 (20) 18 (3,127) 834 (2,293)
Currency redistribution gains/(losses) 396 – 396 (1,688) – (1,688)