BPCE_REGISTRATION_DOCUMENT_2017
FINANCIAL REPORT IFRS Consolidated Financial Statements of Groupe BPCE as at December 31, 2017
Change in plan assets The plan assets presented in the table below include the fair value of plan assets andreimbursementrights (seeNote
9.2.1).
Post-employment benefits related to defined-benefit pension plans
Other long-term employee benefits
Supplementary pension benefits and other
End-of-career awards
Long-service awards
Fiscal year 2017
Fiscal year 2016
in millions of euros
Fair value of plan assetsat start ofyear
7,930
357
10
8,297
7,932
Interest income
132
3
135 233
159
Plan participantcontributions
46
187 (23)
27
Benefits paid
(147)
(170)
(143)
Other
(2) 29
7
5
1
Changesrecorded in income
174
203 (79) (79) (29)
44
Revaluation adjustments – Return on planassets
(84) (84) (29)
5 5
329 329
Changes recognizeddirectlyin non-recyclableequity
Foreign exchange rate adjustments
(1) (7)
Other
(3)
9
6
FAIR VALUE OFPLAN ASSETSAT END OF YEAR (1)
7,843
545
10
8,398
8,297
O/w €589 millionin reimbursementrights includedin retirementbenefitsand €43 millionincludedin end-of-careerbenefits. (1)
Revaluation differences on post-employment benefits
Supplementary pension benefits and other
End-of-career awards
5
Fiscal year 2017
Fiscal year 2016
in millionsof euros
Revaluation adjustments at start ofperiod Revaluation adjustmentsover theperiod
407 221
59 (7)
466 214
258 101 107 466
Adjustmentsto asset ceiling
(275)
(275)
Revaluation adjustments at endof period
353
52
405
Returnson plan assets are calculatedby applyingthe same discountrate as the one appliedto gross liabilities.The differencebetweenthe actual return at the balancesheet dateand this financialincome isa revaluation difference recorded in equity for post-employment benefits.
Actuarial expense under defined-benefit plans 9.2.3 The various components of the charge recognized for defined-benefit plansare included under “Payroll costs”.
Post-employment benefits related to defined-benefit pension plans
Other long-term employee benefits
Supplementary pension benefits and other
Fiscal year 2017
End-of-career awards
Long-service awards
Fiscal year 2016
Other
in millions of euros
Service cost
(18)
(53)
(18)
(47)
(136)
(123)
Service cost for priorperiods
43
(3)
(4) (2)
11
47
22
Interestcost
(123)
(10)
(135)
(166)
Interest income Benefits paid
132
3
135 115 233
159 124
36 46
21
10
48
Plan participantcontributions
187
27
Other (o/wasset ceiling)
(13) 103
4
3
(6)
(18)
TOTALEXPENSEFOR THEYEAR (1)
149
(11)
12
253
25
O/w:a chargeof €95 millionrecordedunderpayrollcostsand a net paymentof +€348 millionin benefitsand contributions. (1)
311
Registration document 2017
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