BPCE_REGISTRATION_DOCUMENT_2017
5 FINANCIAL REPORT
BPCE parent company financial statements
Analysis of expense for the year
Other long-term employee benefits
Other long-term employee benefits
Post-employment defined-benefit plans
Post-employment defined-benefit plans
Supplementary pension benefits and other
Supplementary pension benefits and other
End-of- career awards
Long- service awards
End-of- career awards
Long- service awards
CGPCE Plan
CARBP Plan
CGPCE Plan
CARBP Plan
31/12/2016
31/12/2017
in millions of euros
Service cost
8
4
12
7
4
11
Service cost for prior periods
0 6
0 6
Interestcost
2
4
2
4
Interest income Benefits paid Plan participant contributions
(2)
(2)
(4) (3)
(2)
(3)
(5) (2)
(1)
(2)
(1)
(1)
(31)
(4)
(35)
(16)
(7)
(23)
Actuarial differences
0 2
0 4
Other
1
1
3
1
TOTAL
0
(1)
(20)
(1)
0
(22)
0
(1)
(5)
(3)
0
(9)
Main actuarial assumptions
31/12/2017
31/12/2016
Other long-term employee benefits
Other long-term employee benefits
Post-employment defined-benefit plans
Post-employment defined-benefit plans
Supplementary pension benefits and other
Supplementary pension benefits and other
End-of- career awards 0.01% to 1.34%
Long- service awards
End-of- ocareer awards 0.13% to 1.23%
Long- service awards
CGPCE Plan
CARBP Plan
CGPCE Plan
CARBP Plan
as a percentage
0.89% to 1.47%
0.09% to 0.78% 1.65% 1.22%
0.82% to 1.46%
0.17% to 0.71%
Discount rate Inflationrate
1.58% 1.32%
1.70% 1.70% 1.70% 1.70% 1.70% 1.60% 1.60% 1.60% 1.60% 1.60%
Wagegrowthrate
NA
NA
NA
NA
NA
NA
NA
NA
NA
NA
inflation (1%) to (0.50%)
inflation (1%) TGH05/ TGF05
inflation (1%) to (0.50%)
inflation (1%) to (0.50%)
AGIRC– ARRCOrevaluation rate
NA
NA
NA
NA
NA
NA
TGH05/ TGF05
TGH05/ TGF05
TGH05/ TGF05
TGH05/ TGF05
TGH05/ TGF05
TGH05/ TGF05
TGH05/ TGF05
TGH05/ TGF05
TGH05/ TGF05
Life tablesused
Duration
18.4
14.5 10.1 to 19.9 4.8 to 14.9 4.7to 9.2
18.9
14.8 10.4 to 20.6 4.5 to 14.9 4.8to 9.7
updated financial assumptions, - € 0.1 million from experience adjustments. The lifetables used are: TGH TGF 05 for terminationbenefits,long service awards and other ● benefits; TGH TGF 05for CGPCEand CARBP. ● The discount rate used isa Euro corporate CompositeAA rate. Stock option purchase plans Since the formationof BPCE, companydirectorshave neither received share subscription or purchase options, nor been awarded bonus shares.
At December 31, 2017,pension plan assets were allocated as follows: for the Caisse d’Epargne CGPCE pension plan: 89% in bonds, ● 7.4% in equities, 2.9% in investment funds, 0.5% in real estate assets and 0.2% inmoney-market assets. In 2017, of the € 2.4 million in actuarialgains and losses generated for CGPCE, € 3.2 million was from gains and losses related to the updated financial assumptions, - € 0.7 million from experience adjustments: for the Banque Populaire banks’ CARBP pension plan: 46.4% in ● bonds, 42% in equities, 8.3% in investment funds and 3.2% in money-market assets. In 2017, of the - € 0.2 million in actuarial gains and losses generated for CARBP, - € 0.01 million was from gains and losses related to the
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Registration document 2017
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