2021 Universal Registration Document

FINANCIAL STATEMENTS

Consolidated financial statements

18-3

Funded/unfunded obligations

Other employee benefits

Pension

Total

Notes

(in thousand euros)

At December 31, 2021 Amount of funded obligations

440,798

-

440,798

Fair value of plan assets

(457,514)

-

(457,514)

Surplus of obligation over assets

(16,716)

-

(16,716)

Fair value of unfunded obligations

6,482

85,851

92,334

Net value in the balance sheet

(10,234)

85,851

75,618

Assets •

12, 18-7

4,398

-

-

Liabilities •

18-7

80,016

-

-

Other employee benefits

Pension

Total

(in thousand euros)

At December 31, 2020 Amount of funded obligations

510,349

-

510,349

Fair value of plan assets

(470,821)

-

(470,821)

Surplus of obligation over assets

39,528

-

39,528

Fair value of unfunded obligations

(5,200)

88,081

82,881

Net value in the balance sheet

34,328

88,081

122,409

Assets •

- -

- -

555

Liabilities •

122,964

18-4

Period costs

December 31, 2021

December 31, 2020

(in thousand euros)

Current service costs

11,972

7,462

Past service costs (including plan curtailment)

(42,868)

(6,688)

Settlement

470

322

Net interest costs

3,598

2,130

TOTAL PERIOD COSTS

(26,828)

3,226

As indicated in the Note 18-1, following the change in medical and was recognized in the U.S. accounts in 2020 (see Note 5 – Other pension regimes in the U.S., a favorable impact of 52 million dollars Income and Expense ).

238

• BIC GROUP - 2021 UNIVERSAL REGISTRATION DOCUMENT •