BIC_REGISTRATION_DOCUMENT_2017

FINANCIAL STATEMENTS Consolidated financial statements

Funded/unfunded obligations 18-3

Other employee benefits

Notes

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 •

12,18-7

9,813

Liability •

 174,139

Other employee benefits

Notes

Pension

Total

(in thousand euros)

At December 31, 2016 Amount of funded obligations

511,392

- - -

511,392

Fair value of plan assets

(464,556) 46,836 55,328 (1,203) 100,961

(464,556)

Surplus of obligation over assets

46,836

Fair value of unfunded obligations

102,024

157,352

Transfers to non-current liabilities held for sale

20

(1,203)

Net value in the balance sheet

102,024

202,985

Asset •

2,471

Liability •

205,455

Period costs 18-4

Dec. 31, 2016

Dec. 31, 2017

(in thousand euros)

Current service costs

15,598 (1,069)

13,172

Past service costs (including plan curtailment)

(10,888)

Settlement

(196)

  279

Net interest costs

7,667 1,310

 5,847  1,176  9,586

Administrative expenses and taxes

TOTAL PERIOD COSTS

23,310

Additional information 18-5 Nature of plan assets

At December 31, 2017 (in thousands euros)

Including fair value of plan assets with a quoted market price

Fair value of plan assets

Equity

172,264 234,084

39.6% 53.9%

172,264 234,084

39.6% 53.9%

Bond and other fixed income

Cash and cash equivalents

3,087

0.7% 5.3% 0.4%

3,087

0.7% 5.3% 0.4%

Real estate

23,198

23,198

Assets held by insurance companies

1,677

1,677

Other

196

-

196

-

TOTAL

434,506

100.0%

434,506

100.0%

200

BIC GROUP - 2017 REGISTRATION DOCUMENT