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E
Financial
E.4
Consolidated financial statements
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188
Summary net pension impacts on profit and loss
The net impact of defined benefit pension plans on Group financial statements can be summarized as follows:
(In € million)
December
31, 2016
December
31, 2015
Operating margin
-5.9
20.4
Other operating items
10.3
0.4
Financial result
-28.8
-28.2
TOTAL (EXPENSE)/PROFIT
-24.4
-7.4
Other long termemployee benefits
The net liabilities related to other long term employee benefits
were € 38.0 million per December 31, 2015. They increased to
€ 51.2 million per December 31, 2016 via expenses recorded in
employee contributions, exchange rate impact and effects of
reclassification between pension and other long term benefits.
P&L (€ 2.6 million), benefit payments (€ 12.6 million), business
combinations (€ 19.1 million) and other (€ 4.1 million) including
Provisions
Note
21
(In € million)
December
31,
2015
Charge
Release
used
unused
Release
Business
Combination Other*
December
31,
2016
Current
Non-
current
Reorganization
41.9 42.4 -60.5
-3.0
74.8
-2.6
93.0 65.8
27.2
Rationalization
23.7
3.8 -5.0
-3.1
2.0
0.3
21.7
5.7
16.0
Project commitments
109.2 18.8 -48.6
-32.7
25.7
-0.4
72.0 56.6
15.4
Litigations and
contingencies
111.8 36.4 -28.8
-26.7
30.0
-1.3
121.4 66.0
55.4
TOTAL PROVISIONS 286.6 101.4 -142.8
-65.5
132.5
-4.0
308.2 194.2 114.0
Other movements mainly consist of the currency translation adjustments.
*
(In € million)
December
31,
2014
Charge
Release
used
Release
unused
Business
Combination Other*
December
31,
2015
Current
Non-
current
Reorganization
101.7 29.6 -79.7
-12.8
1.4
1.7
41.9 39.1
2.8
Rationalization
33.6
4.2 -12.4
-1.9
1.5
-1.3
23.7
7.5 16.2
Project commitments
114.1 44.0 -60.9
-30.2
36.4
5.8
109.2 91.2 18.0
Litigations and
contingencies
108.3 25.0 -15.1
-46.5
35.3
4.8
111.8 62.0 49.8
TOTAL PROVISIONS 357.7 102.8 -168.1
-91.4
74.6
11.0
286.6 199.8 86.8
Other movements mainly consist of the currency translation adjustments.
*
Reorganization
over the year mainly in Germany (€ 25.1 million) and Central
Eastern Europe (€ 7.6 million) driven by new plans aimed at
New reorganization provisions were posted for € 42.4 million
improving Group efficiency and productivity.
workforce optimization in Germany (€ 38.2 million) and Central
Eastern Europe (€ 6.9 million).
The € 60.5 million consumptions primarily corresponded to
Rationalization
The new provisions of € 3.8 million mainly relate to office
premises rationalization in The United States (€ 1.4 million), the
United Kingdom (€ 0.9 million) and Germany (€ 0.9 million).
offices onerous leases and dilapidation costs in Benelux
(€ 1.6 million) and in the United Kingdom (€ 1.5 million).
The € 5.0 million rationalization provisions were used against