AFD_REGISTRATION_DOCUMENT_2017

CONSOLIDATED FINANCIAL STATEMENTS PREPARED IN ACCORDANCE WITH IFRS 6 Notes to the consolidated financial statements

RETIREMENT AND EARLY RETIREMENT COMMITMENTS

Retirement

as a % of change

In millions of euros

Present value of the commitment at 31/12/2017

b b b b b

- Discount rate: 0.50%

44.0

- Annual increase in salary: 2.00%

- Retirement age: 63 (non-executive level employees)/65 (executive level employees)

Sensitivity to the discount rate assumption

b

Rate change to 0.75% Rate change to 0.25%

43.5 44.5

-1.1%

1.2%

Sensitivity to the career profile assumption

b

b

Rate change to 2.50% Rate change to 1.5%

45.2 42.8

2.8%

-2.7%

Sensitivity to the retirement age assumption increase of 1byear (for all guarantees) reduction of 1byear (for all guarantees)

b

b

44.5 43.0

1.2%

-2.2%

COMMITMENTS FOR FINANCING THE HEALTH INSURANCE PLAN, END-OF-CAREER PAYMENTS AND SERVICE AWARDS

Retiree health insurance

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 31/12/2017

b b b

b b b

b b b

- Discount rate: 2.00%

80.7

15.5

1.0

- Annual increase in salary: 2.00%

- Retirement age: 63 (non-executive level employees)/65 (executive level employees) Sensitivity to the discount rate assumption

b

b

b

b

b

b

b

b

b

Rate change to 2.50% Rate change to 1.50%

72.6 90.4

-10.1% 11.9%

14.6 16.5

-5.7%

0.9 1.0

-3.9%

6.2%

4.2%

Sensitivity to the career profile assumption

b

b

b

b

b

b

Rate change to 2.50% Rate change to 1.5%

80.7 80.7

0.0% 0.0%

16.5 14.6

6.4%

1.0 1.0

0.0% 0.0%

-5.9%

Sensitivity to the retirement age assumption increase of one year: 64 (non-executive level employees) / 66 (executive level employees) decrease of one year: 62 (non-executive level employees) / 64 (executive level employees)

b

b

b

b

b

b

78.3

-3.1%

15.0

-3.3%

1.0

0.0%

83.3

3.2%

16.0

3.4%

1.0

0.0%

The changes in commitments over 2017bare shown in the table below:

105

REGISTRATION DOCUMENT 2017

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