Atos - Registration Document 2016

E Financial E.4

Consolidated financial statements

property. The fixed income allocation is predominantly in credit 79% fixed income, 12% equities and other assets and 9% zone government bonds. The return seeking portfolio comprises investment grade (c. 82%) and the remaining part in core euro related to the other scheme is more in line with the lower diversified equity and high yield bonds. The asset allocation invested in investment grade credits and, to a lesser extent, in interest rate sensitivities of the schemes and are predominantly The asset allocation related to the largest German schemes is Investment Committee composed of employer representatives. post-employment healthcare benefits are not significant. benefit plans. The Group obligations with respect to by legal or collectively bargained end of service or end of career The Group obligations are also generated, but to a lesser extent, effects generated in the period in "Other comprehensive Atos recognized all actuarial gains and losses asset and ceiling income". balanced funds and European high yield.

Events in 2016 and the Eurozone leading to an increase in the measurement of Over 2016 interest rates decreased in both the United Kingdom assets especially on fixed income portfolio. pension liability values and positive investment returns on plan Germany and the United States) of € 136.3 million, covered by The acquisition of Unify led to an increase in liabilities (mainly in between Worldline and Equens, and the acquisition of Arvato led € 93.4 million of plan assets. Further to this, the joint venture 23.0 million of plan assets. to a combined increase of liability of € 65.0 million covered by In Germany, Atos has extended to Unify plans the additional adopted the same indexing policy. This led to a reduction of lump sum options offered to Atos employees in 2015 and operating expenses of € 6.5 million. inflation indexation from the Retail Price Index (RPI) to the Scheme have reached an agreement to move the basis for security to the plan including a Group parental guarantee of up Consumer Price Index (CPI) in exchange for improved long term to GBP 385 million and a one off discretionary benefit In the UK, the company and trustees of the Atos (Sema) Pension reduction in liabilities and operating expenses of GBP enhancement for affected beneficiaries. This led to an overall 35.9 million including actuarial, legal and other project costs. Curtailment in pension liabilities related to restructuring and total amount of € 10.3 million and mainly concerns Switzerland. other events have been recorded in other operating income for a

Trusted partner for your Digital Journey

184