SCH2017_DRF_EN_Livre.indb

5 Consolidated financial statements at December 31, 2017 Notes to the consolidated financial statements

Changes in gross items recognized in equity were as follows:

Provisions for pensions & other post- employment benefits

Other post-employment and long-term benefits

Pensions and termination benefits

Dec. 31, 2015

733

(34)

699

Actuarial (gains)/losses on projected benefit obligation arising from demographic assumptions Actuarial (gains)/losses on projected benefit obligation arising from financial assumptions Actuarial (gains)/losses on projected benefit obligation from experience effects

23

1

24

1,501

22

1,523 (113) (919)

(77)

(36)

Actuarial (gains)/losses on plan assets

(919)

- -

Effect of the asset ceiling

(89)

(89)

Dec. 31, 2016

1,172

(47)

1,125

Actuarial (gains)/losses on projected benefit obligation arising from demographic assumptions Actuarial (gains)/losses on projected benefit obligation arising from financial assumptions Actuarial (gains)/losses on projected benefit obligation from experience effects

14

(7)

7

92

6

98

(57) (19) (34)

(43)

(100)

Actuarial (gains)/losses on plan assets

- -

(19) (34)

Effect of the asset ceiling

DEC. 31, 2017

1,168

(91)

1,077

22.2 – Provisions for pensions and termination benefit obligations Annual changes in obligations, the market value of plan assets and the corresponding assets and provisions recognized in the consolidated financial statements can be analyzed as follows:

Dec. 31, 2017

Dec. 31, 2016

Of which SE USA

Of which SE USA

1. Reconciliation of balance sheet items Pension assets

-

-

-

-

Provisions for pensions and other post-employment benefit

(1,324)

(316)

(1,530)

(424)

NET ASSET/(LIABILITY) RECOGNIZED IN THE BALANCE SHEET

(1,324)

(316)

(1,530)

(424)

Full year 2017

Full year 2016

Of which SE USA

Of which SE USA

2. Components of net cost recognized in the statement of income Service cost

47

- - -

39

- - -

Past service cost

1

(14)

Curtailments and settlements

(24) 280

-

Interest cost (effect of discounting on obligation and plan assets)

55

373

61

Interest income

(222)

(32)

(314)

(35)

NET COST RECOGNIZED IN THE STATEMENT OF INCOME

82

23

84

26

2017 REGISTRATION DOCUMENT SCHNEIDER ELECTRIC

265