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Financial Information concerning the Group’s Assets and Liabilities, Financial Condition andResults
Group Consolidated Financial Statements
205
Worldline
2016 Registration Document
Plan assets
Plan assets were invested as follows:
December 31, 2016
December 31, 2015
Equity
27%
42%
Bonds
25%
9%
Other*
48%
49%
Of which 46% of insurance contracts in 2016 and 48% in 2015.
*
where valuations are based on the information provided by the investment managers and the majority relates to insurance contracts.
Of these assets the equity and bonds are valued at market value. Of the other assets a small proportion relates to illiquid investments
Summary net impacts on profit and loss and cash
The net impact of defined benefits plans on equensWorldline financial statements can be summarized as follows:
Profit and loss
December 31, 2016
December 31, 2015
(in € million)
Post-employment
benefit
Other LT
Total
Post-employment
Other LT
benefit
Total
Operating margin
-5.5
-0.1
-5.6
-9.0
-0.1
-9.1
Financial result
-2.0
-
-2.0
-1.9
-
-1.9
Total (expense)/profit
-7.5
-0.1
-7.6
-10.9
-0.1
-11.0
Cash impacts of pensions
payments directly made by the Group to the beneficiaries.
€
1.6
million, the remaining part of €
1.0
million being benefit
cash contributions to pension or insurance funds for
The cash impact of pensions in 2016 was mainly composed of
magnitude.
Contributions in 2017 are expected to be of the same order of
Provisions
Note
22
(in € million)
December 31,
2015 Charge
used
Release Release
unused combination
Business
Other*
December 31,
2016
Current
Non-
current
commitments
Project
4.6
0.7
-2.1
-0.6
-
-0.2
2.3
2.0
0.3
contingencies
Litigations and
3.6
2.0
-0.6
-2.1
21.6
-0.1
24.5
17.5
7.1
Reorganization
1.6
1.9
-2.4
-0.3
2.8
-0.0
3.6
2.8
0.7
Rationalization
0.4
0.0
-0.2
-
-
-0.0
0.1
0.1
-
Total provisions
10.1 4.6 -5.3 -3.1
24.4 -0.3
30.4 22.4 8.0
Other movements mainly consist of currency translation adjustments.
*
(In € million)
2014
31 December
Charge
Release
used unused
Release
combination
Business
Other*
2015
31 December
Current current
Non-
commitments
Project
4.2
2.8
-1.7
-0.7
-
-
4.6
3.5
1.1
contingencies
Litigations and
5.0
1.3
-0.4
-2.0
-
-0.2
3.6
1.2
2.4
Reorganization
1.3
1.0
-0.7
-
-
-
1.6
0.7
0.9
Rationalization
0.5
-
-0.1
-
-
-
0.4
-
0.4
Total provisions
11.0 5.0 -2.9 -2.8
-
-0.2
10.1 5.4 4.8
Other movements mainly consist of currency translation adjustments.
*