EXEL industries - 2019 Universal Registration Document

Consolidated fi nancial statements 4

Notes to the consolidated fi nancial statements

Change in plan assets:

Gross

Social charges Total 09/30/2019

Total 09/30/2018

(in € thousands)

FAIR VALUE OF ASSETS AT THE BEGINNING OF THE FISCAL YEAR

65,889

-

65,889

66,333

Expected return on plan assets

1,897

1,897

1,855

Actuarial gains and recognized in equity

10,704

10,704

(2,041)

Contributions paid to plans

2,211

2,211

2,104

Retirement bene fi ts paid

(2,177)

(2,177)

(1,953)

Change in exchange rates

95

95

(408)

Change in Group structure

-

-

-

FAIR VALUE OF THE ASSETS AT THE END OF THE FISCAL YEAR

78,619

-

78,619

65,889

Breakdown of plan assets:

Total 09/30/2018

Total 09/30/2019

(in € thousands)

Shares

217

0.30%

310

0.50%

Bonds

17,758

22.60%

11,377

17.30%

Other assets

60,645

77.10%

54,202

82.30%

FAIR VALUE OF THE ASSETS AT THE END OF THE FISCAL YEAR

78,619

100%

65,889

100%

Reconciliation between total pension liabilities and provisions for liabilities recognized in the balance sheet at September c 30, 2019:

Gross

Social charges Total 09/30/2019

Total 09/30/2018

(in € thousands)

TOTAL PENSION LIABILITIES AT THE END OF THE FISCAL YEAR

102,503

3,893

106,396

94,171

Fair value of plan assets

(78,619)

(78,619)

(65,889)

PROVISIONS AT THE END OF THE FISCAL YEAR

23,884

3,893

27,777

28,282

Provisions for retirement varied as follows for the fi scal year:

Gross

Social charges Total 09/30/2019

Total 09/30/2018

(in € thousands)

PROVISIONS AT THE BEGINNING OF THE FISCAL YEAR

24,402

3,880

28,282

29,728

Cost for the fi scal year

4,369

240

4,609

3,028

Actuarial gains and recognized in equity

559

438

997

109

Retirement bene fi ts paid

(445)

(248)

(693)

(518)

Expected return on plan assets

(1,897)

-

(1,897)

(1,855)

Contributions paid to plans

(2,211)

-

(2,211)

(2,104)

Job protection plan

(925)

(416)

(1,342)

Change in exchange rates

30

-

30

(107)

Change in Group structure

-

-

-

-

PROVISIONS AT THE END OF THE FISCAL YEAR

23,884

3,893

27,777

28,282

The sensitivity of the discount rate commitment is shown in the table below:

with a reduction of 0.5% discount rate

with an increase of 0.5% discount rate

Total 09/30/2019

(in € thousands)

Pension liabilities at the end of the fi scal year

106,396

114,354

99,243

EXEL Industries Group I 2019 Universal Registration Document

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