SCH2017_DRF_EN_Livre.indb

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

Full year 2017

Full year 2016

Of which SE USA

Of which SE USA

5. Funded status Projected benefit obligation Fair value of plan assets

(9,912)

(1,366)

(11,085)

(1,508)

8,686

1,050 (316)

9,688

1,084 (424)

Surplus/(Deficit)

(1,226)

(1,397)

Effect of the asset ceiling

(98)

-

(133)

-

Deferred items: Unrecognized past service cost

-

-

-

-

(LIABILITIES)/NET ASSETS RECOGNIZED IN THE BALANCE SHEET

(1,324)

(316)

(1,530)

(424)

22.3 – Provisions for healthcare costs, life insurance benefits and other post-employment benefits Changes in provisions for other post-employment and long-term benefits were as follows:

Full year 2017

Full year 2016

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

6

9

Interest cost (effect of discounting)

10

15

Interest income Past service cost

- -

-

(20)

Curtailments and settlements

(80)

-

Amortization of actuarial gains & losses

-

3 7

NET COST RECOGNIZED IN THE STATEMENT OF INCOME

(64)

Full year 2017

Full year 2016

2. Change in projected benefit obligation Projected benefit obligation at beginning of year

452

480

Service cost

6

9

Interest cost (effect of discounting) Plan participants’ contribution

10

15

-

-

Benefits paid

(36) (44) (80)

(35) (13) (20)

Actuarial (gains)/losses recognized in equity

Past service cost

Changes in the scope of consolidation

6

3

Translation adjustments

(37)

10

Other (including curtailments and settlements)

-

3

PROJECTED BENEFIT OBLIGATION AT END OF YEAR

277

452

2017 REGISTRATION DOCUMENT SCHNEIDER ELECTRIC

267