2021 Universal Registration Document

FINANCIAL STATEMENTS

Consolidated financial statements

18-2

Change in the net obligation of defined-benefit plans

Including other employee benefits in the United States

Including total employee benefits in the United States

Other employee benefits

Total employee benefits

Including United States Pension

Pension

(in thousand euros)

PRESENT VALUE OF OBLIGATION At January 1, 2021

505,149 382,082

88,081

87,700 593,230 469,782

Reclassification

-

-

-

-

-

-

Acquisition of subsidiaries

-

-

-

-

-

-

Period costs:

11,308

12,832

2,597

2,537

13,905

15,370

Current service costs •

6,941

3,813

521

471

7,462

4,284

Past service costs (including curtailment) •

(6,700)

177

11

11

(6,688)

188

Settlement •

322

-

-

-

322

-

Interest costs •

10,745

8,842

2,065

2,055

12,810

10,897

Benefits paid

(75,123)

(69,114)

(3,847)

(3,544)

(78,970)

(72,657)

Actuarial difference on gross obligation

(29,432)

(17,637)

(8,092)

(8,099)

(37,525)

(25,736)

Financial assumptions •

(25,065)

(15,744)

(5,446) (2,647)

(5,452) (2,647)

(30,511)

(21,197)

Demographic assumptions •

(4,367)

(1,893)

(7,014)

(4,540)

Taxes paid included in DBO

(4)

-

-

-

(4)

-

Contributions paid

7

-

-

-

7

-

Administrative expenses

39

-

39

-

78

-

Exchange differences

35,337

29,701

7,073

7,065

42,410

36,766

At December 31, 2021

A 447,281 337,865

85,852

85,660 533,133 423,525

FAIR VALUE OF PLAN ASSETS At January 1, 2021

470,821 394,068

-

-

470,821 394,068

Reclassification

-

-

-

-

-

-

Total period income:

10,680

9,303

-

-

10,680

9,303

Interest income •

10,680

9,303

- -

- -

10,680

9,303

Curtailment and settlement •

-

-

-

-

Benefits paid

(72,055)

(69,114)

(3,544)

(3,544)

(75,599)

(72,657)

Contributions paid by participants

7

-

-

-

7

-

Contributions paid by employer

3,982

1,557

3,544

3,544

7,525

5,101

Taxes paid from plan assets

(4)

-

-

-

(4)

-

Administrative expenses

(1,493)

(1,340)

-

-

(1,493)

(1,340)

Return on assets (excluding interest income)

8,634

6,606

-

-

8,634

6,606

Exchange differences

36,942

31,744

-

-

36,942

31,744

At December 31, 2021

B 457,514 372,825

-

-

457,514 372,825

NET LIABILITY IN THE BALANCE SHEET AS OF AT DECEMBER 31, 2021 NET LIABILITY IN THE BALANCE SHEET AS OF AT DECEMBER 31, 2020

C = A-B (10,233)

(34,960)

85,852

85,660

75,619

50,700

34,328 (11,986)

88,081

87,700 122,409

75,714

236

• BIC GROUP - 2021 UNIVERSAL REGISTRATION DOCUMENT •