TECHNICOLOR_REGISTRATION_DOCUMENT_2017
- 6 FINANCIAL STATEMENTS
Notes to the consolidated financial statements
Analysis of the change in benefit obligation and in plan assets 9.2.3. Pension plan benefits Medical Post-retirement benefits
Total
2017 (593)
2016 (578)
2017
2016
2017
2016 (585)
(in million euros)
Benefit obligation at opening
- - -
(7)
(600)
Current service cost
(3)
(3)
- -
(3)
(3)
Interest cost
(12)
(15)
(12)
(15)
Remeasurement - actuarial gains/(losses) arising from:
changes in demographic ■ assumptions changes in financial ■ assumptions experience adjustments ■
-
1
-
-
-
1
(5)
(58)
-
-
(5)
(58)
(6)
3 3
- - - 1 -
- - - - -
(6)
3 3
Past service cost, including gains/(losses) on curtailments
1
1
Benefits paid
36 21
39 15
36 22
39 15
Currency translation adjustments Others (Change in Pension system) (1) Benefit obligation at closing Benefit obligation wholly or partly funded Benefit obligation wholly unfunded Fair value of plan assets at opening
(12)
-
(12)
-
(573) (256)
(593) (262)
(6)
(7)
(579) (256)
(600) (262)
-
-
(317)
(331)
(6)
(7)
(323)
(338)
196
203
- - - - - - - -
- - - - - - - -
196
203
Interest income
5 8 7
6
5 8 7
6
Remeasurement gains/(losses)
11
11
Employer contribution
8
8
Benefits paid
(16) (15)
(19) (13)
(16) (15)
(19) (13)
Currency translation adjustments Others (Change in Pension system) Fair value of plan assets at closing
12
-
12
-
197
196
197
196
RETIREMENT BENEFIT OBLIGATIONS
(376)
(397)
(6)
(7)
(382)
(404)
In 2017, Others are mainly related to the Change in Pension system in Belgium. The net impact of this change is nil as the increase of Benefit Obligation is the same as the plan (1) asset increase.
The Group expects the overall 2018 benefits paid to be equal to €32 million for defined benefits plans, of which €21 million directly by the Company to the employees and €11 million by the plans.
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TECHNICOLOR
REGISTRATION DOCUMENT 2017
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