Volvo 2007 Annual Report Download - page 117
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Please find page 117 of the 2007 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. Financial information 2007 113
United Great US
Net provisions for Sweden States France Britain Other Other
post-employment benefi ts Pensions Pensions Pensions Pensions benefi ts plans Total
Funded status at December 31, 2006 (748) 209 (1,571) (107) (6,060) (1,236) (9,513)
Unrecognized actuarial (gains) and losses 626 798 224 649 412 249 2,958
Unrecognized past service costs – 8 (25) – (71) (8) (96)
Net provisions for post-employment
benefi ts at December 31, 2006 (122) 1,015 (1,372) 542 (5,719) (995) (6,651)
whereof reported as
Prepaid pensions and other assets – 1,412 – 542 87 – 2,041
Provisions for post-employment benefi ts (122) (397) (1,372) – (5,806) (995) (8,692)
Funded status at December 31, 2007 (1,803) 988 (1,800) 303 (5,446) (2,458) (10,216)
Unrecognized actuarial (gains) and losses 1,616 (111) 115 255 67 278 2,220
Unrecognized past service costs – (1) 422 – (66) (2) 353
Net provisions for post-employment
benefi ts at December 31, 2007 (187) 876 (1,263) 558 (5,445) (2,182) (7,643)
whereof reported as
Prepaid pensions and other assets 12 1,226 – 558 242 93 2,131
Provisions for post-employment benefi ts (199) (350) (1,263) – (5,687) (2,275) (9,774)
Plan assets by category 2006 % 2007 %
Shares and participation, Volvo 51 0 313 1
Shares and participations, other 12,709 51 12,422 48
Bonds 10,076 40 10,578 41
Property 313 1 427 2
Other 2,078 8 2,028 8
Total 25,227 100 25,768 100
Actuarial gains and losses 2006 2007
Experience-based adjustments in obligations (530) 151
Experience-based adjustments in plan assets 717 (222)
Effects of changes in actuarial assumptions (448) 959
Actuarial gains and (losses), net (261) 888