BIC - 2018 Registration document

FINANCIAL STATEMENTS

Consolidated financial statements

18-3

Funded/unfunded obligations

Other employee benefits

Notes

Pension

Total

(in thousand euros)

At December 31, 2018 Amount of funded obligations

418,929

42

418,971

Fair value of plan assets

(397,240)

-

(397,240)

Surplus of obligation over assets Fair value of unfunded obligations Net value in the balance sheet

21,689 50,535 72,224

42

21,731

88,621 88,663

139,156 160,887

Asset •

12,18-7

- -

- -

2,936

Liability •

163,823

Other employee benefits

Pension

Total

(in thousand euros)

At December 31, 2017 Amount of funded obligations

476,769

- - -

476,769

Fair value of plan assets

(434,506)

(434,506)

Surplus of obligation over assets Fair value of unfunded obligations Net value in the balance sheet

42,263 27,257 69,520

42,263

94,804 94,804

122,061 164,325

Asset •

9,813

Liability •

174,139

18-4

Period costs

December 31, 2017

December 31, 2018

(in thousand euros)

Current service costs

13,172

12,591

Past service costs (including plan curtailment)

(10,888)

208

Settlement

279

(455)

Net interest costs

5,847 1,176 9,586

4,662 1,112

Administrative expenses and taxes

TOTAL PERIOD COSTS

18,119

18-5 Nature of plan assets

Additional information

At December 31, 2018 (in thousand euros)

Including Fair value of plan assets with a quoted price on an active market

Fair value of plan assets

Equity

148,604 220,069

37.4% 55.4%

148,604 220,069

37.4% 55.4%

Bond and other fixed income

Cash and cash equivalents

3,792

1.0% 5.7% 0.4% 0.1%

3,792

1.0% 5.7% 0.4% 0.1%

Real Estate

22,610

22,610

Assets held by insurance companies

1,683

1,683

Other

482

482

TOTAL

397,240

100.0%

397,240

100.0%

224

• BIC GROUP - 2018 REGISTRATION DOCUMENT •