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
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