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FINANCIAL INFORMATION
4.2 Consolidated financial statements
4
222
Registration Document 2016 — Capgemini
Main actuarial assumptions
a)
rate, salary inflation rate and inflation rate
in %
At December 31, 2015
At December 31, 2016
Discount rate
4.0
3.9
Salary inflation rate
2.8
2.8
Inflation rate
2.0
2.0
In 2016, the benchmark indexes used to calculate discount rates were similar to those used in previous years.
Mortality tables used are those commonly used in Canada.
Plan assets
b)
in millions of euros
2015
2016
Shares
268
60%
280
58%
Bonds and hedging assets
170
38%
199
41%
Other
10
2%
5
1%
TOTAL
448
100%
484
100%
Shares correspond to investments in equities or diversified growth investments, the majority of which in developed markets.
agreements.
liabilities; this matching portfolio consists of Canadian government bonds, owned directly or borrowed
via
sale and repurchase
Bonds primarily comprise Canadian government bonds. A portion of these investments seeks to hedge interest rate risk on the plan
Sensitivity analysis
c)
in millions of euros
December 31, 2016
Impact on the obligation at
Increase
Decrease
Increase/decrease of 50 basis points in the discount rate
(57)
65
Increase/decrease of 50 basis points in the inflation rate
44
(40)
Increase/decrease of 50 basis points in the mortality rate
(2)
2
Future contributions
d)
pension plan deficits defined as part of the regular actuarial valuations.
Contributions to the Canadian defined benefit pension funds in respect of 2017 are estimated at €18 million, including the funding of