Scania Annual Report 2011

115
Present value of defined-benefit commitments
changed during the year as follows:
Liabilities related to
pension obligations
Liabilities related to
health care benefits
Liabilities related to
other obligations
2011 2010 2009 2011 2010 2009 2011 2010 2009
Present value of defined-benefit obligations, 1 January 6,176 6,014 5,610 406 353 248 79 81 70
Present value of reclassified obligations 3 –261 0 – – – – – – –
Current service expenses 165 214 264 7 7 6 3 2 3
Interest expenses 250 271 250 41 39 31 6 7 6
Payments made by pension plan participants 3 3 1 – – – – – –
Net actuarial gains and losses for the year 180 261 123 68 30 20 4 0 3
Exchange rate differences 11 –118 –16 –40 –8 74 –4 –6 7
Disbursements of pension payments –218 –230 –219 –19 –15 – 26 –5 –5 –8
Past service expenses –35 –6 5 – – – – – 0
Settlements – –200 – – – – – – –
Gains and losses due to net settlements for the year –4 –33 –4 – – – – – –
Present value of defined-benefit obligations,
31 December 6,267 6,176 6,014 463 406 353 83 79 81
3 2011: Transition of a defined benefit plan to a defined contribution plan in Norway.
Fair value of plan assets changed as
follows during the year:
Plan assets related to
pension obligations
Plan assets related to
health care benefits
Plan assets related to
other obligations
2011 2010 2009 2011 2010 2009 2011 2010 2009
Fair value of plan assets, 1 January 1,532 1,471 1,363 9 2 – 71 69 49
Fair value of plan assets related
to reclassified obligations 4 –280 – 3 – – – – – –
Expected return on plan assets 71 70 62 1 0 – 8 8 6
Net actuarial gains and losses for the year –64 23 41 0 0 1 –5 –1 2
Exchange rate differences 16 –56 –17 –1 0 0 –7 –2 14
Payments to pension plan 71 65 68 19 22 27 – – –
Payments made by pension plan participants 9 9 10 – – – – – –
Disbursements of pension payments –55 –56 –59 –19 –15 –26 –4 –3 –2
Gains and losses due to net settlements for the year 0 6 – – – – – – –
Fair value of plan assets, 31 December 1,300 1,532 1,471 9 9 2 63 71 69
4 2011: Transition of a defined benefit plan to a defined contribution plan in Norway.
Plan assets consist mainly of shares and interest-bearing
securities with the following fair value on closing day:
2011
SEK m.
2010
SEK m.
2009
SEK m.
Shares and participations, not Scania 425 434 455 31.0 26.9 29.5
Miscellaneous interest-bearing securities, not Scania 450 577 618 32.8 35.8 40.1
Properties leased to Scania companies 30 29 32 2.2 1.8 2.1
Investment properties 211 201 141 15.4 12.5 9.1
Bank deposits 256 371 296 18.6 23.0 19.2
Total 1,372 1,612 1,542 100.0 100.0 100.0
2011
%
2010
%
2009
%
financial reports Scania 2011