BPCE_REGISTRATION_DOCUMENT_2017

5 FINANCIAL REPORT

IFRS Consolidated Financial Statements of BPCE SA group as at December 31, 2017

Change in plan assets

Post-employment benefits related to defined-benefit pension plans

Supplementary pension benefits and other

End-of-career awards

Fiscal year 2017

Fiscal year 2016

in millions of euros

Fair value of plan assetsat start of year

764

83

847

810

Interest income

17 46

17

22 27

Plan participantcontributions

95 (6)

141 (32)

Benefits paid

(26)

(33)

Other

(2) 35 31 31

(2)

Changesrecorded in income

89

124

16 24 24 (1) (2)

Revaluation adjustments – Return on planassets

1 1

32 32

Changesrecognizeddirectlyin non-recyclableequity

Foreign exchange rate adjustments

(29)

(29)

Other

(3)

3

FAIR VALUE OFPLAN ASSETSAT END OF YEAR*

798

176

974

847

O/w €183 millionin reimbursementrights includedin retirementbenefitsand €43 millionincludedin end-of-careerbenefits. *

Revaluation differences on post-employment benefits

Supplementary pension benefits and other

End-of-career awards

Fiscal year 2017

Fiscal year 2016

in millions of euros

Revaluation adjustments at start ofperiod Revaluation adjustmentsover theperiod

218 (20)

22

240 (18)

166

2

79 (5)

Adjustmentsto asset ceiling

(6)

(6)

Revaluation adjustments at endof period

192

24

216

240

Returnson plan assets are calculatedby applyingthe same discountrate as the one appliedto gross liabilities.The differencebetweenthe actual return at the balancesheet dateand this financialincome isa revaluation difference recorded in equity for post-employment benefits.

Actuarial expense under defined-benefit plans 9.2.3 The various components of the charge recognized for defined-benefit plansare included under “Payroll costs”.

Post-employment benefits related to defined-benefit pension plans

Other long-term employee benefits

Supplementary pension benefits and other

End-of-career awards

Long-service awards

Fiscal year 2017

Other

Fiscal year 2016

in millions of euros

Service cost

(17)

(21)

(6) (2) (1)

(46)

(90)

(81)

Service cost for priorperiods

42

(2) (3)

11

49

22

Interestcost

(21)

(25)

(31)

Interest income Benefits paid

17

17 73

22 52 27 (2)

9

12 95 (1) 80

4

48

Plan participantcontributions

46

141

Other (o/wasset ceiling)

3

1

1

4

TOTALEXPENSEFOR THE YEAR*

79

(4)

14

169

9

O/w:a chargeof €45 millionrecordedunderpayrollcostsand a net paymentof +€214 millionin benefitsand contributions. *

430

Registration document 2017

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