NBG » Topics » Additional year-end information for pension plans with accumulated benefit obligations in excess of plan assets

This excerpt taken from the NBG 20-F filed Jul 14, 2006.

Additional year-end information for pension plans with accumulated benefit obligations in excess of plan assets

 

 

  2004  

 

 2005 

 

 

 

(EUR in millions)

 

Projected benefit obligation

 

 

400.1

 

 

372.1

 

Accumulated benefit obligation

 

 

308.9

 

 

292.9

 

Fair value of plan assets

 

 

156.3

 

 

141.2

 

Additional Minimum Pension Liability

 

 

 

 

 

 

 

Additional minimum liability

 

 

21.9

 

 

34.0

 

Intangible asset

 

 

(0.9

)

 

(0.7

)

Accumulated other comprehensive income

 

 

(21.0

)

 

(33.3

)

 

In accordance with the relevant requirements of SFAS87, in the cases of benefit plans where the Accumulated Benefit Obligation exceeds the fair value of plan assets (if any), an additional minimum liability has been recognized such that the total balance sheet liability is at least equal to the unfunded accumulated benefit obligation. For such plans, where the unfunded ABO exceeds any balance sheet accrual (or if there is a balance sheet prepayment), an additional minimum liability equal to the excess of the unfunded ABO over the balance sheet provision has been recognized.

This excerpt taken from the NBG 20-F filed Jul 15, 2005.

Additional year-end information for pension plans with accumulated benefit obligations in excess of plan assets

 
  2003
  2004
 
 
  (EUR in millions)

 
Projected benefit obligation   348.1   400.1  
Accumulated benefit obligation   250.4   308.9  
Fair value of plan assets   135.1   156.3  

Additional Minimum Pension Liability

 

 

 

 

 
Additional minimum liability     21.9  
Intangible asset     (0.9 )
Accumulated other comprehensive income     (21.0 )

EXCERPTS ON THIS PAGE:

20-F
Jul 14, 2006
20-F
Jul 15, 2005
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