BPCE_REGISTRATION_DOCUMENT_2017
5 FINANCIAL REPORT
IFRS Consolidated Financial Statements of Groupe BPCE as at December 31, 2017
9.2.4
Other disclosures
Main actuarial assumptions
Fiscal year 2017
Fiscal year 2016
CAR-BP 1.32% 1.70%
CGP-CE 1.58% 1.70%
CAR-BP 1.22% 1.60%
CGP-CE 1.65% 1.60%
Discount rate Inflation rate Life tables used
TGH05-TGF05 TGH05-TGF05 TGH05-TGF05 TGH05-TGF05
Duration
15 years
18 years
15 years
19 years
Sensitivity of actuarial liabilities to changes in main assumptions At December31, 2017,a 0.5% change inthe discountrate and the inflation ratewould have the following impact onactuarial commitments:
12/31/2017
12/31/2016
CAR-BP
CGP-CE
CAR-BP
CGP-CE
% Amount
% Amount
% Amount
% Amount
in % and millions of euros
Variation of+0.5% in thediscountrate Variation of(0.5%) in thediscountrate Variation of+0.5% in theinflation rate Variation of(0.5%) in theinflation rate
(6.73%)
(57)
(8.48%)
(504)
(6.99%)
(61)
(8.68%)
(506)
7.55% 63 9.68% 575 7.67% 67 9.94% 579 6.99% 59 8.02% 476 7.12% 62 8.15% 475
(5.84%)
(49)
(7.23%)
(430)
(5.81%)
(51)
(7.34%)
(428)
Payment schedule − (non-discounted) benefits paid to beneficiaries
12/31/2017
12/31/2016
CAR-BP
CGP-CE
CAR-BP
CGP-CE
in millions of euros
N+1 to N+5 N+6 to N+10 N+11 toN+15 N+16 toN+20
185 181 169 149 346
720 860 932 904
185 182 171 152 366
682 829 920 913
> N+20
2,713
2,883
Breakdown of the fair value of plan assets: CAR-BP (including reimbursement rights) and CGP-CE
12/31/2017
12/31/2016
CAR-BP
CGP-CE
CAR-BP
CGP-CE
Weight by category
Fair value of assets
Weight by category
Fair value of assets
Weight by category
Fair value of assets
Weight by category
Fair value of assets
in % and millions of euros
Cash holdings
3.23% 15 0.30% 20 1.93%
8 0.25% 17
Equities Bonds
42.03% 191 9.80% 661 38.45% 166 7.41% 510 46.43% 211 88.20% 5,950 51.60% 222 89.02% 6,134
Real estate
1.70% 115
0.46% 32
Investmentfunds
8.32% 37
8.03% 35 2.85% 197
TOTAL
100.00% 454 100.00% 6,746 100.00% 431 100.00% 6,890
312
Registration document 2017
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