BPCE - 2018 Registration document
5 FINANCIAL REPORT
IFRS Consolidated Financial Statements of Groupe BPCE as at December 31, 2018
8.2.2 Changes in actuarial liabilities
Change in amounts recognized on the balance sheet
Post-employment defined-benefit plans
Other long-term employee benefits
Supplementary pension benefits and other
Fiscal year
End-of-career awards
Long-service awards
2018 Fiscal year 2017
Other
in millions of euros
Actuarial liabilities at start of year
7,649
959
277
172
9,057
9,005
Service cost
12 (6)
52 (4) 13
18
70 (1)
152
136 (47) 135
Service cost for prior periods
2 3
(9)
Interest cost Benefits paid
122
138
(193)
(50)
(14) (19) (10)
(53)
(310)
(285)
Other items recorded in income Changes recorded in income
3
5
(11) (40)
(7)
(62)
16 (7)
16
(68)
Revaluation adjustments – demographic assumptions Revaluation adjustments – financial assumptions Revaluation adjustments – past-experience effect Changes recognized directly in other comprehensive income not recyclable to income
1
(6)
22
(337) (112)
(42) (24)
(379) (136)
193 (71)
(448)
(73)
(521)
144 (37)
Foreign exchange rate adjustments
11
1
12 12
Other changes
3
(6)
(1)
16
13
ACTUARIAL LIABILITIES AT END OF YEAR
7,153
896
266
205
8,520
9,057
Change in plan assets
Other long-term employee benefits
Post-employment defined-benefit plans
Supplementary pension benefits and other
Fiscal year 2018
End-of-career awards
Long-service awards
Fiscal year 2017
in millions of euros
Fair value of plan assets at start of year
7,843
545
10
8,398
8,297
Interest income
125
6 3
131
135 233
Plan participant contributions
13
16
Benefits paid
(159)
(15)
(174)
(170)
Other items recorded in income Changes recorded in income
(1) (7)
(1)
5
(21) (73)
(28) (66)
203 (79)
Revaluation adjustments – return on plan assets
7
Changes recognized directly in other comprehensive income not recyclable to income
(73)
7
(66)
(79) (29)
Foreign exchange rate adjustments
10
10
Other changes
2
2
6
FAIR VALUE OF PLAN ASSETS AT END OF YEAR*
7,759
547
10
8,316
8,398
O/w €559 million in reimbursement rights included in retirement benefits and €34 million included in end-of-career benefits. *
Amounts paid in cash to beneficiaries reduce the amount of provisions recorded to this end by an equivalent amount. A total of € 174 million was charged against pension plan assets. Returns on plan assets are calculated by applying the same discount rate as the one applied to gross liabilities. The difference between the
actual return at the balance sheet date and this financial income is a revaluation difference recorded in equity for post-employment benefits.
328
Registration document 2018
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