Unilever 2012 Annual Report Download - page 103

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100 Unilever Annual Report and Accounts 2012Financial statements
NOTES TO THE ONSOLIDATED FINANIAL STATEMENTS UNILEVER ROUP continued
4B Pensons and smlar oblgatons continued
Reconclaton of change n assets and labltes
Movements in assets and liabilities during the year:
 mllon
Assets
2012
€ million
Assets
2011
€ million
Assets
2010
 mllon
Labltes
2012
€ million
Liabilities
2011
€ million
Liabilities
2010
1 January 16,044 15,974 14,413 (19,247) (18,044) (16,995)
Acquisitions/disposals –11 3–(16) (4)
Current service cost –– – (278) (252) (261)
Employee contributions 18 15 13 –– –
Special termination benefits –– – (17) (31) (22)
Past service costs –– – 27 195 60
Settlements/curtailments (6) –(162) 26 146 168
Expected returns on plan assets 897 979 983 –– –
Interest on pension liabilities –– – (904) (908) (963)
Actuarial gain/(loss) 1,221 (440) 677 (2,036) (1,251) (519)
Employer contributions 605 463 669 –– –
Benefit payments (1,227) (1,130) (1,146) 1,227 1,130 1,146
Reclassification of benefits(b) 17 –19 (23) (9) (28)
Currency retranslation 104 172 505 (107) (207) (626)
31 December 17,673 16,044 15,974 (21,332) (19,247) (18,044)
(b) Certain obligations have been reclassified as employee benefit obligations.
The actual return on plan assets during 2012 was €2,118 million being the sum of €897 million and €1,221 million from the table
above (2011: €539 million).
Funded status of plans at the year end
 mllon
2012
€ million
2011
€ million
2010
€ million
2009
€ million
2008
Total assets 17,673 16,044 15,974 14,413 11,719
Total pension liabilities (21,332) (19,247) (18,044) (16,995) (15,101)
Net liabilities (3,659) (3,203) (2,070) (2,582) (3,382)
Less unrecognised surplus –––––
Pension liabilities net of assets (3,659) (3,203) (2,070) (2,582) (3,382)
ash flow
Group cash flow in respect of pensions and similar post-employment benefits comprises company contributions paid to funded
plans and benefits paid by the company in respect of unfunded plans, as set out in the following table (including the current estimate
of contributions for 2013):
€ million
2013E
 mllon
2012
€ million
2011
€ million
2010
Company contributions to funded plans:
Defined benefit 610 435 297 482
Defined contribution 130 116 90 72
Benefits paid by the company in respect of unfunded plans:
Defined benefit 160 170 166 187
Group cash flow in respect of pensions and similar benefits 900 721 553 741
Contributions to funded defined benefit plans are subject to periodic review, taking account oflocal legislation.