BPCE - 2018 Registration document
5 FINANCIAL REPORT
IFRS Consolidated Financial Statements of BPCE SA group as at December 31, 2018
8.2.1
Analysis of assets and liabilities recorded in the balance sheet
Post-employment defined-benefit plans
Other long-term employee benefits
Supplementary pension benefits and other
End-of-career awards
Long-service awards
12/31/2018
Other
12/31/2017
in millions of euros Actuarial liabilities
908
337
71
162
1,478 (744) (194)
1,549 (748) (226)
Fair value of plan assets
(599) (165)
(145)
Fair value of reimbursement rights Effect of ceiling on plan assets
(29)
23
23
23
Net amount reported on the balance sheet Employee benefit commitments recorded in the balance sheet
167
163
71
162
563
598
331 165
192
71
162
757 194
824 226
Plan assets recorded in the balance sheet*
29
Mostly recorded on the assets side of the balance sheet under “Accrued income and other assets”. *
Actuarial liabilities represent the Group’s obligation in respect of beneficiaries. They are calculated by independent actuaries using the projected unit credit method based on demographic and financial assumptions that are reviewed on a regular basis and at least once a year.
When these plans are funded by assets meeting the definition of plan assets, the amount of the provision corresponds to actuarial liabilities less the fair value of these assets. Surplus plan assets are recorded under assets, as are assets that do not meet the definition of plan assets.
8.2.2 Changes in actuarial liabilities
Change in amounts recognized on the balance sheet
Post-employment defined-benefit plans
Other long-term employee benefits
Supplementary pension benefits and other
Fiscal year 2018
End-of-career awards
Long- service awards
Fiscal year 2017
Other
in millions of euros
Actuarial liabilities at start of year
969
366
76
138
1,549
1,608
Service cost
11
21 (1)
6
70 (1)
108
90
Service cost for prior periods
(2) 26
(49)
Interest cost Benefits paid
20
5
1
25
(36)
(21)
(5) (5) (3)
(53)
(115)
(105)
Other items recorded in income Changes recorded in income
1
2 6
(1) 15
(3) 14 (8)
(6)
(4)
(45)
Revaluation adjustments – demographic assumptions Revaluation adjustments – financial assumptions Revaluation adjustments – past-experience effect Changes recognized directly in other comprehensive income not recyclable to income
(8)
5
(49) (18)
(12)
(61) (23)
26 (9)
(5)
(67)
(25)
(92)
22
Foreign exchange rate adjustments
11 (1)
1 8
12 (5)
(37)
Other changes
(10) 337
(2) 71
1
ACTUARIAL LIABILITIES AT END OF YEAR
908
162
1,478
1,549
482
Registration document 2018
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