N O TE 32 O ther long -t erm pro visions The mo v ement in the balance sheet for pro visions for pensions and similar commitments is pro vided in note 31. The mo v ement in the balance sheet for deferred t ax liabilities is pro vided in note 15. DE CEMBER 31, 2012 M SEK Claims reser v es Pro visions for t ax es Spain – o v ertime compensation Other pro visions T ot al Openin g balance 410.5 195.0 104.0 290.2 999.7 R eclassifcation 1.5 – -73.2 -113.2 -184.9 New / increased pro visions 7.2 10.6 – 17.8 35.6 u tiliz ed pro visions -0.4 -0.1 -27.4 -48.0 -75.9 R e v er sal of unutiliz ed pro visions -11.5 – – -22.7 -34.2 T r anslation diferences -22.5 -10.4 -3.4 -4.7 -41.0 Closin g balance 384.8 195.1 – 119.4 699.3 The t able abo v e sho ws the main actuarial assumptions as of December 31, 2012, 2011 and 2010 used to v alue the defned beneft obligations at the end of the y ear as w ell as in determinin g the pension cos t for the comin g y ear . As of December 31, 2012 the follo win g assumptions w ere used for the ma jor plans in Securit as concernin g mort alit y : U SA – “RP -2000 mort alit y t ables projected to 2013”. Nor w a y – t ables in series “K2005”. Canada – “UP94 mort alit y t able with g ener ational impro v ements ”. S witz erland – mort alit y t able “LPP2010”. These t ables ha v e been es t ablished for use after consult ation with the compan y’ s actuaries and refect Securit as ’ view concernin g future mort alit y e xperience . A CTU ARIAL GAINS (–) AND L OS SE S (+) AND EFFECT S OF MINIM U M FUNDING REQUIREMENT REC OGNIZED IN O THER C O MPREHENSIVE INC O ME M SEK 2012 2011 2010 Actuarial gains and losses before t ax es 1 249.6 428.3 133.1 Efects of minimum fundin g requirement – -33.6 33.6 T ot al actuarial gains and losses and efects of minimum fundin g requirement related to defned beneft plans 249.6 394.7 166.7 Actuarial gains and losses on reimbur sement rig hts before t ax es -43.4 11.9 – T ax es -58.3 -136.3 -48.8 T ot al actuarial gains and losses and efects of minimum fundin g requirement after t ax es accounted for in other comprehensiv e income 147.9 270.3 117.9 1 Per December 31, 2012 accumulated actuarial gains and losses before t ax es amounted to M SEK 1 704.8 (1 455.2 and 1 026.9). mAIN A CT u ARIAL AS S u m P TIONS 2012 2011 2010 %, per annum u S A Euro z one Other countries u S A Euro z one Other countries u S A Euro z one Other countries Discount r ate 1 2.90-3.55 1.75-3.50 1.65-4.15 3.65–4.10 3.25–4.75 2.35–5.50 4.60–5.20 4.50–5.00 4.00–5.75 Expected return on plan assets 7.90 3.50 3.85-5.15 7.90 4.75 3.85–5.15 8.50 5.00 5.40–5.75 G ener al salar y increases 2 n /a 2.00-3.50 1.00-3.80 n /a 2.00–2.75 2.00–4.00 n /a 2.00–2.75 3.50–4.50 Infation 2 n /a 1.75-2.00 1.00-2.80 n /a 1.75–2.00 1.00–3.00 n /a 1.75–2.00 2.50–3.50 Pension increases 2 n /a 1.00-1.75 0.20-3.25 n /a 0.00–1.75 0.00–3.25 n /a 0.00–1.75 1.30–3.50 Healthcare infation 3 n /a n /a 2.00–9.58 n /a n /a 2.00–9.58 n /a n /a 2.00–9.58 1 In the U SA , the discount r ate is deriv ed b y usin g a cash fo w matchin g approach applied to the Citigroup yield cur v e . In the Euro z one , the discount r ate is based on Ibo xx Euro A A indices of appropriate term and adjus ted for the dur ation of the obligations. The material plans in the cate g or y Other countries are Nor w a y ( g o v ernment bonds adjus ted for the dur ation of the obligations), S witz erland (discount r ates produced b y the Chamber of Pensions Actuaries), the U nited Kin g dom (Ibo xx ? A A 15 y ear +) and Canada (for 2012 the discount r ate is based on hig h qualit y corpor ate bonds produced b y the Canadian Ins titute of Actuaries). 2 Plans in the U SA are non-infation-link ed cash balance plans which are closed for future beneft accrual. 3 R elated to healthcare plans in Canada. The assumption represents the r an g e of current e xpected healthcare infation for the diferent benefts. This r an g e is e xpected to fall to 2.00–4.50 percent (dependin g on beneft t ype) b y 2024. Claims reser v es Liabilit y insur ance-related claims reser v es primarily consis t of pro visions for the portion of claims pa y able b y the Group , that is its self -retention. Claims reser v es comprise a lar g e number of individual insur ance cases where some cases are compensated with a lump-sum pa yment and other s are paid o v er a lon g er period of time . It is thus not possible to disclose an y det ailed infor - mation re gar din g the timin g of outfo ws from claims reser v es. Pro visions for t ax es Pro visions for t ax es primarily consis t of pro visions related to on g oin g t ax audits. T ax audits are often len g th y processes that g o on for se v er al y ear s. It is thus not possible to disclose an y det ailed information re gar din g the timin g of outfo ws from t ax es. Spain – o v ertime compensation B ased on the number of claims decided and set tled durin g 2012, mana g e - ment’ s es timate is that mos t of the pro vision will be utiliz ed within the comin g 12 months and the pro vision has consequently been reclassifed to short -term pro visions at the end of 2012. See note 35 for further information re gar din g the o v ertime compensation case and the related pro vision. Other pro visions Other pro visions primarily consis t of pro visions related to litigations. Litigations are often len g th y processes that g o on for se v er al y ear s. It is thus not possible to disclose an y det ailed information re gar din g the timin g of outfo ws from other pro visions. 115 Annual R eport Notes and comments to the consolidated fnancial s t atements Securit as Annual R eport 2012