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2016 REGISTRATION DOCUMENT
HERMÈS INTERNATIONAL
200
CONSOLIDATED FINANCIAL STATEMENTS
5
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
25.3.2 Fair value of pension plans
In millions of euros
2016
2015
Fair value of assets at 1 January
70.9
65.3
Employer contributions
4.1
4.5
Employee contributions
1.7
1.7
Benefits paid
(3.9)
(6.2)
Financial income
0.8
1.0
Administrative expenses
(0.2)
(0.3)
Foreign currency adjustments
0.4
3.7
Actuarial gains and losses
0.5
1.2
Change in scope
0.0
-
Fair value of assets as at 31 December
74.3
70.9
25.3.3 Analysis of provision for post-employment and similar benefit obligations
In millions of euros
Defined-benefit
pension plans
Other defined-
benefit plans
31/12/2016
Defined-benefit
pension plans
Other defined-
benefit plans
31/12/2015
Present value of funded obligations
194.7
194.7
171.6
171.6
Fair value of plan assets
(74.3)
(74.3)
(70.9)
(70.9)
Excess obligations/(assets) in funded plans
120.4
-
120.4
100.7
-
100.7
Present value of unfunded obligations
55.6
13.0
68.6
48.3
10.8
59.1
Unrecognised net assets
-
-
Net defined-benefit plan obligations
176.0
13.0
189.0
149.0
10.8
159.8
Breakdown of obligations – assets
-
-
-
-
-
-
Breakdown of obligations – liabilities
176.0
13.0
189.0
149.0
10.8
159.8
Net obligations
176.0
13.0
189.0
149.0
10.8
159.8
25.3.4 Change in actuarial gains and losses
In millions of euros
Actuarial gains and losses recognised in equity as at 31 December 2014
112.4
Experience gains and losses
7.4
Actuarial gains and losses from changes in demographic assumptions
0.6
Actuarial gains and losses from changes in financial assumptions
5.8
Impact of limits on plan assets
-
Other actuarial gains and losses
0.1
Actuarial gains and losses recognised in equity as at 31 December 2015
126.3
Experience gains and losses
2.0
Actuarial gains and losses from changes in demographic assumptions
(2.6)
Actuarial gains and losses from changes in financial assumptions
15.6
Impact of limits on plan assets
-
Other actuarial gains and losses
(0.3)
Actuarial gains and losses recognised in equity as at 31 December 2016
141.0