BIC - 2019 Universal Registration Document

FINANCIAL STATEMENTS

Consolidated financial statements

18-5

Additional information

Nature of plan assets

December 31, 2019 (in thousand euros)

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

Fair value of plan assets

Equity

190,854 

40.2% 

190,854 

40.2% 

Bonds and other fixed income

252,837 

53.3% 

252,837 

53.3% 

Cash and cash equivalents

3,639 

0.8% 

3,639 

0.8% 

Real Estate

25,820 

5.4% 

25,820 

5.4% 

Assets held by insurance companies

1,471 

0.3% 

1,471 

0.3% 

TOTAL

474,608 

100% 

474,608 

100% 

December 31, 2019 (in thousand euros)

Including fair value of plan assets with a quoted price on an active U.S. market

U.S. fair value of plan assets

Equity

177,106 

44.6 % 

177,106 

44.6 % 

Bonds and other fixed income

217,211 

54.7 % 

217,211 

54.7 % 

Cash and cash equivalents

2,855 

0.7 % 

2,855 

0.7 % 

TOTAL

397,172 

100 % 

397,172 

100 % 

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

37.4%

148,604

37.4%

Bonds and other fixed income

220,069

55.4%

220,069

55.4%

Cash and cash equivalents

3,792

1.0%

3,792

1.0%

Real Estate

22,610

5.7%

22,610

5.7%

Assets held by insurance companies

1,683

0.4%

1,683

0.4%

Other

482

0.1%

482

0.1%

TOTAL

397,240

100%

397,240

100%

December 31, 2018 (in thousand euros)

Including fair value of plan assets with a quoted price on an active U.S. market

U.S. fair value of plan assets

Equity

137,241

41.7%

137,241

41.7%

Bonds and other fixed income

188,649

57.3%

188,649

57.3%

Cash and cash equivalents

3,194

1.0%

3,194

1.0%

TOTAL

329,084

100%

329,084

100%

Actuarial assumptions for main countries 18-6 Actuarial assumptions used to calculate the benefit obligations vary according to the economic conditions of the country in which the plan is located. They have been adjusted according to the change in interest rates and the mortality table. Assumptions for plans representing the main obligations are set out below:

United States

United Kingdom

France

December 31, 2019

Discount rate

3.21% 

2.00% 

0.75% 

Inflation rate

2.50% 

3.35% 

1.50% 

Expected rate of salary increases

3.60% 

N/A 

1.75% 

Average plan duration (years)

13.9 

18.0 

12.8

219

• BIC GROUP - 2019 UNIVERSAL REGISTRATION DOCUMENT •