BPCE_REGISTRATION_DOCUMENT_2017
5 FINANCIAL REPORT
IFRS Consolidated Financial Statements of BPCE SA group as at December 31, 2017
Change in plan assets
Post-employment benefits related to defined-benefit pension plans
Supplementary pension benefits and other
End-of-career awards
Fiscal year 2017
Fiscal year 2016
in millions of euros
Fair value of plan assetsat start of year
764
83
847
810
Interest income
17 46
17
22 27
Plan participantcontributions
95 (6)
141 (32)
Benefits paid
(26)
(33)
Other
(2) 35 31 31
(2)
Changesrecorded in income
89
124
16 24 24 (1) (2)
Revaluation adjustments – Return on planassets
1 1
32 32
Changesrecognizeddirectlyin non-recyclableequity
Foreign exchange rate adjustments
(29)
(29)
Other
(3)
3
FAIR VALUE OFPLAN ASSETSAT END OF YEAR*
798
176
974
847
O/w €183 millionin reimbursementrights includedin retirementbenefitsand €43 millionincludedin end-of-careerbenefits. *
Revaluation differences on post-employment benefits
Supplementary pension benefits and other
End-of-career awards
Fiscal year 2017
Fiscal year 2016
in millions of euros
Revaluation adjustments at start ofperiod Revaluation adjustmentsover theperiod
218 (20)
22
240 (18)
166
2
79 (5)
Adjustmentsto asset ceiling
(6)
(6)
Revaluation adjustments at endof period
192
24
216
240
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
End-of-career awards
Long-service awards
Fiscal year 2017
Other
Fiscal year 2016
in millions of euros
Service cost
(17)
(21)
(6) (2) (1)
(46)
(90)
(81)
Service cost for priorperiods
42
(2) (3)
11
49
22
Interestcost
(21)
(25)
(31)
Interest income Benefits paid
17
17 73
22 52 27 (2)
9
12 95 (1) 80
4
48
Plan participantcontributions
46
141
Other (o/wasset ceiling)
3
1
1
4
TOTALEXPENSEFOR THE YEAR*
79
(4)
14
169
9
O/w:a chargeof €45 millionrecordedunderpayrollcostsand a net paymentof +€214 millionin benefitsand contributions. *
430
Registration document 2017
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