BPCE - 2018 Registration document

FINANCIAL REPORT IFRS Consolidated Financial Statements of Groupe BPCE as at December 31, 2018

Cost of defined-benefit pension plans and other long-term employee benefits 8.2.3 Expenses for defined-benefit pension plans and other long-term employee benefits The various components of the charge recognized for defined-benefit plans are included under “Payroll costs”.

Post-employment defined-benefit plans

Other long-term employee benefits

Fiscal year 2018

Fiscal year 2017

in millions of euros

Service cost

(54)

(89)

(143)

(89)

Net interest cost

(4)

(3) 19

(7) (3)

Other (o/w asset ceiling) Expense for the period

(22) (80)

(6)

(73)

(153)

(95) 115 233 348 253

Benefits paid

69 16 85

67

136

Plan participant contributions

16

Change in provisions due to contributions

67 (6)

152

TOTAL

5

(1)

Gains and losses on defined-benefit plans recorded directly in other comprehensive income

Supplementary pension benefits and other

End-of-career awards

Fiscal year 2018

Fiscal year 2017

in millions of euros

Revaluation adjustments at start of period Revaluation adjustments over the period

353

52

405

466 214

(376)

(81)

(457)

Adjustments to asset ceiling

332 309

1

333 281

(275)

REVALUATION ADJUSTMENTS AT END OF PERIOD

(28)

405

5

Other information 8.2.4 Main actuarial assumptions

Fiscal year 2018

Fiscal year 2017

CAR-BP 1.56% 1.70%

CGP-CE 1.82% 1.70%

CAR-BP 1.32% 1.70%

CGP-CE 1.58% 1.70%

Discount rate Inflation rate Life tables used

TGH05-TGF05 TGH05-TGF05 TGH05-TGF05 TGH05-TGF05

Duration

14 years

18 years

15 years

18 years

Sensitivity of actuarial liabilities to changes in the principal assumptions As of December 31, 2018, a 0.5% change in the discount rate and the inflation rate would have the following impact on actuarial liabilities:

12/31/2018

12/31/2017

CAR-BP

CGP-CE

CAR-BP

CGP-CE

% Amount

% Amount

% Amount

% Amount

as a % and in millions of euros

+0.5% increase in the discount rate -0.5% decrease in the discount rate +0.5% increase in the inflation rate -0.5% decrease in the inflation rate

(6.44)

(50)

(8.07)

(448)

(6.73)

(57)

(8.48)

(504)

7.19 6.65

56 52

9.17 7.62

509 423

7.55 6.99

63 59

9.68 8.02

575 476

(5.60)

(44)

(6.90)

(383)

(5.84)

(49)

(7.23)

(430)

329

Registration document 2018