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Financial Information concerning the Group’s Assets and Liabilities, Financial Condition andResults
Parent Company summary financial statements
227
Worldline
2016 Registration Document
Reconciliation between pension commitments and computed provision is presented below:
(in €
thousand)
Commitment at January 1, 2016
26,867
Service cost
2,005
Interest costs
518
Contributions paid
-515
Actuarial gain and loss generated in 2016
6,791
Scope impact
-9,469
Commitment at December 31, 2016
26,197
Non recognized actuarial gain and loss
-13,058
Pensions provision at December 31, 2016
13,139
Evaluation is carried out on an individual basis and main
parameters of the calculation are described below:
Discount rate: 1.4%;
●
Future reevaluation of wages: 1.6%;
●
Estimated turnover rate:
●
Executives (i.e. cadres): Decreasing (from 7.80% at the age
●
of 25 years old) according to the age and zero as from 56
years old,
56 years old.
Non cadres (i.e. non-cadres): Decreasing (from 5.46% at the
●
age of 20 years old) according to the age and zero as from
Financial borrowings
Note
10
CLOSINGNETDEBT
(in €
thousand)
Up to 1 year 1 to 5 years
Gross value
December 31,
2016
Gross value
December 31,
2015
Bank overdraft
324,686
324,686
272,886
Other borrowings
686
686
717
Group current accounts
Total Borrowings
324,686
686
325,371
273,603
Group current accounts
-991
-991
-3,029
Securities
Note 6 252,594
252,594
252,549
Cash at bank
Note 6
353
Closing net debt
-73,083
-686
-73,768
-23,730