Annual Review 2012 - Luxottica

158 |
ANNUAL REPORT 2012
Amounts to be recognized in the statement of financial position and statement of income
along with actual return on assets were as follows:
Pension Plan
SERPs
(thousands of Euro) 2012 2011 2012 2011
Amounts recognized in the statement
of financial position
Liabilities:
Present value of the obligation 557,565 483,738 10,388 12,344
Fair value of plan assets 429,775 355,563 - -
Liability recognized in statement
of financial position 127,790 128,175 10,388 12,344
Accumulated other comprehensive
income:
Net gain/(loss), beginning of year (144,953) (80,141) (4,339) (3,268)
Asset gain/(loss) 21,594 (28,762) - -
Liability experience gain/(loss) 6,020 (1,287) (578) (608)
Liability assumption change gain/(loss) (60,091) (27,763) (576) (289)
Translation difference 3,652 (7,001) 115 (175)
Accumulated other comprehensive
income, end of year (173,778) (144,953) (5,378) (4,340)
Service cost 22,366 19,171 510 491
Interest cost 24,189 21,323 488 625
Benefit vested - (85) - (453)
Expected return on plan assets (27,985) (24,992) - -
Expense recognized in profit or loss 18,570 15,416 998 663
Actual return on assets:
Expected return on assets 27,985 24,992 - -
Actuarial gain/(loss) on plan assets 21,594 (28,762) - -
Actual return on assets 49,579 (3,770) - -