BPCE - 2018 Registration document
FINANCIAL REPORT IFRS Consolidated Financial Statements of Groupe BPCE as at December 31, 2018
Cost of defined-benefit pension plans and other long-term employee benefits 8.2.3 Expenses for defined-benefit pension plans and other long-term employee benefits The various components of the charge recognized for defined-benefit plans are included under “Payroll costs”.
Post-employment defined-benefit plans
Other long-term employee benefits
Fiscal year 2018
Fiscal year 2017
in millions of euros
Service cost
(54)
(89)
(143)
(89)
Net interest cost
(4)
(3) 19
(7) (3)
Other (o/w asset ceiling) Expense for the period
(22) (80)
(6)
(73)
(153)
(95) 115 233 348 253
Benefits paid
69 16 85
67
136
Plan participant contributions
16
Change in provisions due to contributions
67 (6)
152
TOTAL
5
(1)
Gains and losses on defined-benefit plans recorded directly in other comprehensive income
Supplementary pension benefits and other
End-of-career awards
Fiscal year 2018
Fiscal year 2017
in millions of euros
Revaluation adjustments at start of period Revaluation adjustments over the period
353
52
405
466 214
(376)
(81)
(457)
Adjustments to asset ceiling
332 309
1
333 281
(275)
REVALUATION ADJUSTMENTS AT END OF PERIOD
(28)
405
5
Other information 8.2.4 Main actuarial assumptions
Fiscal year 2018
Fiscal year 2017
CAR-BP 1.56% 1.70%
CGP-CE 1.82% 1.70%
CAR-BP 1.32% 1.70%
CGP-CE 1.58% 1.70%
Discount rate Inflation rate Life tables used
TGH05-TGF05 TGH05-TGF05 TGH05-TGF05 TGH05-TGF05
Duration
14 years
18 years
15 years
18 years
Sensitivity of actuarial liabilities to changes in the principal assumptions As of December 31, 2018, a 0.5% change in the discount rate and the inflation rate would have the following impact on actuarial liabilities:
12/31/2018
12/31/2017
CAR-BP
CGP-CE
CAR-BP
CGP-CE
% Amount
% Amount
% Amount
% Amount
as a % and in millions of euros
+0.5% increase in the discount rate -0.5% decrease in the discount rate +0.5% increase in the inflation rate -0.5% decrease in the inflation rate
(6.44)
(50)
(8.07)
(448)
(6.73)
(57)
(8.48)
(504)
7.19 6.65
56 52
9.17 7.62
509 423
7.55 6.99
63 59
9.68 8.02
575 476
(5.60)
(44)
(6.90)
(383)
(5.84)
(49)
(7.23)
(430)
329
Registration document 2018
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