M O VEMENT S IN PRO VISIONS F OR PENSIONS AND SIMIL AR C O MMIT MENT S , NE T 2012 2011 2010 M SEK Obligations Plan assets Net Obligations Plan assets Net Obligations Plan assets Net Openin g balance 3 526.1 -2 072.6 1 453.5 2 638.4 -1 487.2 1 151.2 2 567.5 -1 417.4 1 150.1 Current ser vice cos ts 101.3 – 101.3 85.7 – 85.7 57.4 – 57.4 Interes t cos ts 121.1 – 121.1 140.8 – 140.8 127.4 – 127.4 Expected return on assets – -108.8 -108.8 – -125.4 -125.4 – -93.9 -93.9 R ecogniz ed actuarial gain / loss 1 1.3 – 1.3 0.4 – 0.4 4.7 – 4.7 R ecogniz ed pas t ser vice cos ts 6.4 – 6.4 -0.3 – -0.3 -0.3 – -0.3 Set tlements / curt ailments / terminations -277.5 214.3 -63.2 -1.3 – -1.3 -0.1 – -0.1 T ot al pension cos t recogniz ed in the s t atement of income -47.4 105.5 58.1 225.3 -125.4 99.9 189.1 -93.9 95.2 Actuarial gains and losses – obligations 2, 3 357.9 – 357.9 287.5 – 287.5 181.5 – 181.5 Actuarial gains and losses – plan assets 2 – -108.3 -108.3 – 140.8 140.8 – -48.4 -48.4 Efects of minimum fundin g requirement 4 – – – – -33.6 -33.6 – 33.6 33.6 T ot al actuarial gains and losses and efects of minimum fundin g require - ment before t ax recogniz ed in other comprehensiv e income 2 357.9 -108.3 249.6 287.5 107.2 394.7 181.5 -14.8 166.7 Emplo y er contributions 5 – -254.4 -254.4 – -202.9 -202.9 – -190.3 -190.3 Emplo y ee contributions 33.4 -33.4 – 28.5 -28.5 – 2.1 -2.1 – Benefts paid to participants -200.5 200.5 – -186.8 186.8 – -159.1 159.1 – Acquisitions / div es titures / reclassifcations 8.6 11.6 20.2 524.3 -516.1 8.2 1.5 – 1.5 T r anslation diference -124.4 68.0 -56.4 8.9 -6.5 2.4 -144.2 72.2 -72.0 Closin g balance 3 553.7 -2 083.1 1 470.6 3 526.1 -2 072.6 1 453.5 2 638.4 -1 487.2 1 151.2 1 R elates to other lon g -term emplo y ee benefts. 2 R elates to pos t -emplo yment benefts. 3 Actuarial losses for 2012 relate to chan g es in assumptions (losses) of M SEK 416.1 (losses of 281.1 and gains of -3.5) and chan g es in plan e xperience ( gains) of M SEK -58.2 (losses of 6.4 and losses of 185.0). 4 R elated to Canada. 5 Emplo y er contributions e xpected to be paid in 2013 are es timated to be lo w er than the emplo y er contributions paid in 2012 and 2011 and appro ximately on the same le v el as the contributions paid in 2010. fu NDED S T A T u S AND E XPERIENCE AD J u S T m ENT S M SEK 2012 2011 2010 2009 2008 f air v alue of plan assets -2   083.1 -2 072.6 -1 487.2 -1 417.4 -1 287.1 Defned beneft obligations funded plans 2 808.7 2 869.3 1 976.5 1 907.6 1 897.1 Defned beneft obligations unfunded plans 745.0 656.8 661.9 659.9 631.7 F unded s t atus, net 1  470.6 1 453.5 1 151.2 1 150.1 1 241.7 Experience adjus tments on plan assets 1 -108.3 140.8 -48.4 -72.0 440.8 Experience adjus tments on defned beneft obligations 1 -58.2 6.4 185.0 27.9 148.3 1 Gains (–) and losses (+). The t able abo v e presents the funded s t atus for funded defned beneft plans as w ell as the obligations for unfunded defned beneft plans which tog ether form the funded s t atus, net . It also presents the his tor y of actuarial gains and losses due to e xperience on plan assets and defned beneft obligations. ALL OCA TION O f PL AN AS SE T S M SEK 2012 % 2011 % 2010 % Equit y in v es tments 812.4 39 870.5 42 699.0 47 Interes t -bearin g assets 854.1 41 787.6 38 580.0 39 Other assets 416.6 20 414.5 20 208.2 14 T ot al allocation of plan assets 2 083.1 100 2 072.6 100 1 487.2 100 The t able abo v e presents a break do wn of the v arious t ypes of in v es tments in which the assets of the Group ’ s funded beneft arr an g ements are in v es ted. The plan assets do not include an y propert y o wned b y Securit as or fnancial ins truments issued b y Securit as. F urther information on the principles for determinin g the return on assets can be found in note 2. 114 Annual R eport Notes and comments to the consolidated fnancial s t atements Securit as Annual R eport 2012