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Financial Information concerning the Group’s Assets and Liabilities, Financial Condition andResults
Group Consolidated Financial Statements
203
Worldline
2016 Registration Document
Amounts recognized in the financial statements
The amounts recognized in the balance sheet as at December
31, 2016 rely on the following components, determined at each benefit
plan’s level:
(in € million)
December 31, 2016
December 31, 2015
Amounts recognized in financial statements consist of:
Prepaid pension asset – post employment plans
1.5
4.7
Accrued liability – post employment plans
-128.0
-78.5
Accrued liability – other long term benefits
-3.6
-1.0
Net amounts recognized – Total
-130.1
-74.8
Components of net periodic cost
Service cost (net of employees contributions)*
7.6
9.1
Prior service cost
-1.5
-
Actuarial (gain)/loss in other long term benefits
-0.5
-
Operating expense
5.6
9.1
Interest cost
5.2
4.7
Interest income
-3.2
-2.8
Financial expense
2.0
1.9
Net periodic pension cost – Total expense/(profit)
7.6
11.0
Of which, net periodic pension cost – post employment plans
7.5
10.9
Of which, net periodic pension cost – other long term benefits
0.1
0.1
Change in defined benefit obligation
Defined benefit obligation – post employment plans at January 1
184.8
178.6
Defined benefit obligation – other long term benefits at January 1
1.0
1.0
Total Defined Benefit Obligation at January 1
185.8
179.6
Exchange rate impact
-10.5
4.5
Service cost (net of employees contributions)
7.6
9.1
Interest cost
5.2
4.7
Employees contributions
0.7
0.8
Plan amendments
-1.5
-
Business combinations/(disposals)
52.5
1.8
Benefits paid
-3.5
-2.9
Actuarial (gain)/loss – change in financial assumptions
22.9
-9.8
Actuarial (gain)/loss – change in demographic assumptions
6.6
0.7
Actuarial (gain)/loss – experience results
0.7
-2.7
Defined benefit obligation at December 31
266.5
185.8
Including – in 2015 – € 1.4 million linked to the transfer of staff from Atos – Note 5 “Personnel expenses”.
*
The weighted average duration of the liability is 17.7 years.