BPCE - 2020 Universal Registration Document
FINANCIAL REPORT
BPCE PARENT COMPANY ANNUAL FINANCIAL STATEMENTS
Analysis of assets and liabilities included in the balance sheet
Other long-term employee benefits
Other long-term employee benefits
Post-employment defined-benefit plans
Post-employment defined-benefit plans
Supplementary pensions and other plans
End-of- career awards
Long- service awards
Supplementary pensions and other plans
End-of- career awards
Long- service awards
CGPCE plan
CARBP plan
CGPCE plan
CARBP plan
12/31/2020
12/31/2019
in millions of euros
Actuarial liabilities Fair value of plan assets Effect of ceiling on plan assets
119
20
285
71
9
504
117
20
288
69
10
504
(135)
(11)
(233)
(34)
(413)
(135)
(11)
(223)
(29)
(398)
7
7
7
7
Unrecognized actuarial gains/(losses)
9
(2)
(32)
3
(22)
11
(2)
(45)
(1)
(37)
Unrecognized past service cost NET AMOUNT REPORTED ON THE BALANCE SHEET Employee benefit commitments
0
0
0
7
20
40
9
76
0
7
20
39
10
76
recorded in the balance sheet Plan assets recorded in the balance sheet
0
7
20
40
9
76
0
7
20
39
10
76
0
0
0
0
At December 31, 2020, pension plan assets were allocated as follows: for Banque Populaire’s CARBP pension plan: 51.7% in bonds, • 37.7% in equities, and 1.3% in money-market assets, 9.3% in investment funds. In 2020, of the +€0.4 million in actuarial gains generated on CARBP’s actuarial liabilities, +€0.6 million can be attributed to gains related to updated financial assumptions, and +€0.2 million to experience adjustments;
for Caisse d’Epargne’s CGPCE pension plan: 88.4% in bonds, • 8.4% in equities, 2.2% in real estate assets and 1% in money-market assets. In 2020, of the +€3.8 million in actuarial gains generated on CGPCE’s actuarial liabilities, +€4.6 million can be attributed to gains related to updated financial assumptions, and -€0.8 million to experience adjustments.
5
565
UNIVERSAL REGISTRATION DOCUMENT 2020 | GROUPE BPCE
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