PERNOD-RICARD_REGISTRATION_DOCUMENT_2017-2018
5
CONSOLIDATED FINANCIAL STATEMENTS NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
Changes in provisions for pensions and other long-term employee benefits are shown below:
30.06.2018
30.06.2017
Medical expenses and other employee benefits
Medical expenses and other employee benefits
Pension benefits
Pension benefits
Net liabilities recognised in the balance sheet € million
Total
Total
Change in the actuarial value of cumulative benefit obligations Actuarial value of cumulative benefit obligations at beginning of period
179
5,480
165
5,645
5,615
5,794
Service cost
46
4 6 1
50
44
3 5 1
47
Interest cost (effect of unwinding of discount)
151
157
137
143
Employee contributions
2
3
2
3
Benefits paid
(273)
(12)
(285)
(302)
(10)
(312)
Administrative fees/premiums/levies
0
-
0
(1) (6) (3)
-
(1) (8) (3)
Plan amendments/reduction of future rights
(59)
1
(58)
(1)
Liquidation of benefits Actuarial (gains)/losses
(1)
-
(1)
-
288
(10)
277
(202)
(10)
(212)
Currency translation adjustments Changes in the consolidation perimeter ACTUARIAL VALUE OF CUMULATIVE BENEFIT OBLIGATIONS AT END OF PERIOD Change in the fair value of plan assets Fair value of plan assets at beginning of period
(290)
(3)
(294)
(58)
(5)
(62)
-
-
-
0
0
0
5,480
165
5,645
5,092
148
5,240
5,681
- - - - - - - - - - - - - - -
5,681
5,517
- - - - - - - - - - - - - - -
5,517
Interest income on plan assets
155 212
155 212
140 122
140 122
Experience gains/(losses) on plan assets
Employee contributions Employer contributions
2
2
2
2
51
51
57
57
Benefits paid
(258)
(258)
(293)
(293)
Administrative fees/premiums/levies
(11)
(11)
(9)
(9)
Plan amendments/reduction of future rights
- -
- -
- -
- -
Liquidation of benefits
Currency translation adjustments Changes in the consolidation perimeter
(315)
(315)
(56)
(56)
-
-
-
-
FAIR VALUE OF PLAN ASSETS AT END OF PERIOD
5,517 5,366 5,517 (151)
5,517 5,366 5,517 (151)
5,478 4,981 5,478 (497)
5,478 4,981 5,478 (497)
Present value of funded benefits
Fair value of plan assets
Deficit/(surplus) on funded benefits Present value of unfunded benefits Effect of ceiling on plan assets (including the impact of IFRIC 14) NET (ASSETS)/ LIABILITIES RECOGNISED IN THE BALANCE SHEET
113
165
279
111
148
259
-
-
-
11
-
11
(37)
165
128
(375)
148
(227)
176
PERNOD RICARD REGISTRATION DOCUMENT 2017/2018
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