BPCE - 2018 Registration document
5 FINANCIAL REPORT
IFRS Consolidated Financial Statements of Groupe BPCE as at December 31, 2018
Expense for the period for loyalty and performance plans
Fiscal year 2018
Plans settled in cash indexed to Natixis shares
Plans settled in shares
Total
Fiscal year 2017
in millions of euros Previous loyalty plans
(14)
(14)
(31)
Loyalty plans from the fiscal year
(2) (2)
(2)
(6)
TOTAL
(14)
(16)
(37)
Valuation inputs used to assess the expense relative to these plans
12/31/2018
12/31/2017
Share price
4.12
6.60
Risk-free interest rate Dividend pay-out ratio
(0.64%) 11.35% 4.61%
(0.67%) 6.57% 3.90%
Loss of rights rate
Loyalty and performance plans settled in cash Some employees are awarded loyalty and performance bonuses with estimated expense accounts for an actuarial estimate of these deferred payment in cash. These bonuses are subject to attendance conditions being met. It is spread over the vesting period for the and performance conditions. In terms of accounting treatment, they benefits. The amount recognized in respect of fiscal year 2018 was: are recorded under “Other long-term employee benefits”. The
Fiscal year 2017 in millions of euros
Fiscal year 2018 in millions of euros
Year of plan
Grant date
Vesting date March 2016 March 2017 March 2018 March 2017 March 2018 March 2018 March 2019 March 2019 March 2020
2014 plan
02/18/2015
(3)
2015 plan
02/10/2016
(1)
(6)
2016 plan
04/10/2017
(7)
(16)
2017 plan 2018 plan
02/23/2018
(19) (29) (56)
(20)
TOTAL
(44)
332
Registration document 2018
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