221 / 330
FINANCIAL INFORMATION
4.2 Consolidated financial statements
4
221
Registration Document 2016 — Capgemini
Sensitivity analysis
c)
in millions of euros
Impact on the obligation at
December 31, 2016
Increase
Decrease
Increase/decrease of 50 basis points in the discount rate
(367)
427
Increase/decrease of 50 basis points in the inflation rate
282
(270)
Increase/decrease of 50 basis points in the mortality rate
(60)
56
Contributions
d)
Future contributions
funding of pension plan deficits over the period defined with the trustees as part of the regular actuarial valuations.
Contributions to defined benefit pension funds in the United Kingdom in respect of 2017 are estimated at €60 million, including the
Canada
B)
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.
plan assets are held in trust separately from the employer’s
benefit pension plans and other pension and similar plans. The
the employer. The plans expose the Group to the increase in
assets. Nonetheless, the responsibility to fund the plans lies with
In Canada, defined post-employment benefits consist of defined
The average maturity of pension plans in Canada is 20 years.
require the Canadian entities to bring forward the funding of any
non-renewal of certain client contracts in full or in part could
deficits in respect of the employees concerned.
least every three years. In accordance with local regulations, the
The plans are subject to regular actuarial valuations performed at
In Canada, employees covered by defined benefit pension plans
break down as follows:
1,000 current employees accruing pensionable service (782 at
December 31, 2015);
service (79 at December 31, 2015);
80 former and current employees not accruing pensionable
◗
303 retirees (275 at December 31, 2015).
◗
in millions of euros
Obligation
Plan assets
Consolidated Statement of
Net provision in the
Financial Position
2015
2016
2015
2016
2015
2016
OBLIGATION AT JANUARY 1
PRESENT VALUE OF THE BENEFIT
647
624
(470)
(448)
177
176
Income Statement
Expense for the period recognized in the
65
50
(19)
(19)
46
31
Service cost
23
25
-
23
25
Curtailments, settlements and plan transfers
15
-
15
-
Interest cost
27
25
(19)
(19)
8
6
Impact on income and expense recognized
in equity
(9)
(6)
(4)
(9)
(13)
(15)
Change in actuarial gains and losses
(9)
(6)
-
-
(9)
(6)
Impact of changes in financial assumptions
(10)
14
-
(10)
14
Impact of changes in demographic assumptions
-
(14)
-
-
(14)
Experience adjustments
1
(6)
-
1
(6)
Return on plan assets
(1)
-
(4)
(9)
(4)
(9)
Other
(79)
6
45
(8)
(34)
(2)
Contributions paid by employees
4
4
(4)
(4)
-
-
Benefits paid to employees
(36)
(45)
35
43
(1)
(2)
Contributions paid
-
(19)
(14)
(19)
(14)
Translation adjustments
(47)
42
33
(30)
(14)
12
Other movements
-
5
-
(3)
-
2
PRESENT VALUE OF THE BENEFIT
OBLIGATION AT DECEMBER 31
624
674
(448)
(484)
176
190
After deduction of financial income on plan assets recognized in the Income Statement and calculated using the discount rate.
(1)