AFD - 2018 Registration document

6 CONSOLIDATED FINANCIAL STATEMENTS PREPARED IN ACCORDANCE WITH IFRS ACCOUNTING PRINCIPLES ADOPTED BY THE EUROPEAN UNION Notes to the consolidated financial statements

❙ Commitments for financing the health insurance plan, end-of-career payments and service awards

ETRG employees healthcare expenses

Retiree health insurance

as a % of change

as a % of change

Retirement lump sum

as a % of change

Service award

as a % of change

In millions of euros

Present value of the commitment at 31/12/2018

Discount rate: 2.00%

P

P Annual increase in salary: 2.00%

9.0

88.6

17.1

1.1

P Retirement age: 63 (non-executive level employees)/65 (executive level employees) Sensitivity to the discount rate assumption Rate change to 2.00%

7.9

-12.5% 15.0%

79.5 -10.3% 16.1 -5.7% 99.4 12.1% 18.2 6.2%

1.1 -3.8% 1.1 4.1%

Rate change to 1.50%

10.4

Sensitivity to the career profile assumption Rate change to 2.50%

10.4

14.9% -12.5%

88.6 88.6

0.0% 18.2 6.4% 0.0% 16.1 -5.9%

1.1 0.0% 1.1 0.0%

Rate change to 1.5%

7.9

Sensitivity to the retirement age assumption

P increase of one year: 64 (non- executive level employees) 66 (executive level employees) P decrease of one year: 63 (non- executive level employees) 65 (executive level employees)

8.6

-5.1%

85.8

-3.2% 16.5 -3.3%

1.1 0.0%

9.5

5.3%

91.6

3.3% 17.7 3.4%

1.1 0.0%

Projected commitments at 31 December 2019 are as follows:

Actuarial debt at 31/12/2018 Cost of services rendered in 2019

9,036

36,959

88,634

17,098

151,727

1,102

152,829

330 187

168 4,484 1,438 6,419

152 6,571 23 2,681

Financial cost in 2019

260 1,862

348 2,657

Services payable in 2019/transfer of capital upon departures in 2018

- 66 12,183 - 1,933 - 1,359 - 15,540

- 115 - 15,655

Estimated debt at 31/12/2019

9,488

25,203

93,047 17,525

145,263

1,163

146,426

152

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REGISTRATION DOCUMENT 2018