Unilever 2011 Annual Report Download - page 79

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76
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS UNILEVER GROUP continued
4B. Pensions and similar obligations continued
Income statement
The charge to the income statement comprises:
€ million
2011
€ million
2010
€ million
2009
Charged to operating profit:
Defined benefit pension and other benefit plans:
Current service cost (252) (261) (228)
Employee contributions 15 13 12
Special termination benefits (31) (22) (50)
Past service cost 195 60 50
Settlements/curtailments 146 6 20
Defined contribution plans (90) (72) (60)
Total operating cost 4A (17) (276) (256)
Charged to net finance costs:
Interest on retirement benefits (908) (963) (940)
Expected return on assets 979 983 776
Total net finance income/(cost) 571 20 (164)
Net impact on the income statement (before tax) 54 (256) (420)
Significant items on the face of the income statement
One-off items in 2011 include a past service credit of €153 million, as Unilever implemented amendments to certain constructive
obligations in the UK that the company had the discretion to amend, and curtailment credits of €146 million relating to benefit changes
mainly in the UK, the USA and Canada.
Statement of comprehensive income
Amounts recognised in the statement of comprehensive income comprise:
€ million
2011
€ million
2010
€ million
2009
€ million
2008
€ million
2007
€ million
Cumulative
1 January
2004 to
present
Actual return less expected return on pension and other benefit
plan assets (440) 677 1,277 (4,243) (236) (471)
Experience gains/(losses) arising on pension plan and other
benefit plan liabilities (74) 197 250 – 103 507
Changes in assumptions underlying the present value of the
pension and other benefit plan liabilities (1,177) (716) (1,489) 1,116 946 (3,599)
Actuarial gain/(loss) (1,691) 158 38 (3,127) 813 (3,563)
Change in unrecognised surplus –– – – – 103
Refund of unrecognised assets –– – – – 15
Net actuarial gain/(loss) recognised in statement of comprehensive
income (before tax) (1,691) 158 38 (3,127) 813 (3,445)
Unilever Annual Report and Accounts 2011
Financial statements