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FINANCIAL INFORMATION
4.2 Consolidated financial statements
4
219
Registration Document 2016 — Capgemini
Movements in provisions for pensions and other post-employment benefits during the last two fiscal years were as follows
in millions of euros
Notes
Obligation
Plan assets
Net provision in the
Consolidated Statement
of Financial Position
2015
2016
2015
2016
2015
2016
PRESENT VALUE OF THE BENEFIT
OBLIGATION AT JANUARY 1
4,432
4,498
(3,138)
(3,282)
1,294
1,216
Expense for the period recognized in the
Income Statement
204
209
(120)
(113)
84
96
Service cost
7
71
59
-
-
71
59
transfers
Curtailments, settlements and plan
(32)
-
-
-
(32)
-
Interest cost
9
165
150
(120)
(113)
45
37
Impact on income and expense
recognized in equity
(177)
772
83
(496)
(94)
276
Change in actuarial gains and losses
(177)
772
-
-
(177)
772
Impact of changes in financial assumptions
(101)
858
-
-
(101)
858
Impact of changes in demographic
assumptions
-
(11)
-
-
-
(11)
Experience adjustments
(76)
(75)
-
-
(76)
(75)
Return on plan assets
(1)
-
-
83
(496)
83
(496)
Other
39
(610)
(107)
396
(68)
(214)
Contributions paid by employees
7
7
(7)
(7)
-
-
Benefits paid to employees
(141)
(152)
130
124
(11)
(28)
Contributions paid
-
-
(99)
(89)
(99)
(89)
Translation adjustments
170
(469)
(130)
369
40
(100)
Business combinations
3
-
(1)
-
2
-
Other movements
-
4
-
(1)
-
3
PRESENT VALUE OF THE BENEFIT
OBLIGATION AT DECEMBER 31
4,498
4,869
(3,282)
(3,495)
1,216
1,374
After deduction of financial income on plan assets recognized in the Income Statement and calculated using the discount rate.
(1)
Analysis of the change in provisions for pensions
and other post-employment benefits
United Kingdom
A)
In the United Kingdom, post-employment benefits primarily
consist of defined contribution pension plans with some
from the employer and are governed by a trustee Board
comprising of independent trustees and representatives of the
employer.
employees accruing pensionable service within a defined benefit
pension plan. In addition there are former and current employees
accruing deferred benefits in defined benefit pension plans. The
plans are administered within trusts which are legally separate
The defined benefit plans provide pensions and lump sums to
members on retirement and to their dependents on death.
deferred pension. The main plan is closed to the accrual of
Members who leave service before retirement are entitled to a
March 31, 2015.
pensionable service benefit for all current employees since
as follows:
Employees covered by defined benefit pension plans break down
December 31, 2015);
700 current employees accruing pensionable service (964 at
◗
service (7,889 at December 31, 2015);
7,690 former and current employees not accruing pensionable
◗
2,868 retirees (2,491 at December 31, 2015).
◗
The plans are subject to the supervision of the UK Pension
any deficits identified, over an agreed period.
by an independent actuary as part of actuarial valuations usually
Regulator; the funding schedules for these plans are determined
gives firm commitments to the trustees regarding the funding of
carried out every three years. Capgemini UK Plc., the employer,
The responsibility to fund these plans lies with the employer. The
members, fluctuations in interest and inflation rates and, more
liabilities that could result from changes in the life expectancy of
generally, a downturn in financial markets.
defined benefit pension plans expose the Group to the increase in
The average maturity of pension plans in the United Kingdom is
22 years.
employees concerned.
In accordance with local regulations, the non-renewal of certain
bring forward the funding of any deficits in respect of the
client contracts in full or in part could require Capgemini UK Plc. to