Cap Gemini - Registration Document 2016

FINANCIAL INFORMATION

4.2 Consolidated financial statements

Movements in provisions for pensions and other post-employment benefits during the last two fiscal years were as follows

Net provision in the Consolidated Statement of Financial Position

Notes

Obligation

Plan assets

2015

2015

2015

2016

2016

2016

in millions of euros

PRESENT VALUE OF THE BENEFIT OBLIGATION AT JANUARY 1 Expense for the period recognized in the Income Statement

4,498

(3,138)

(3,282)

1,294

1,216

4,432

204

209

(120)

(113)

84 71

96 59

Service cost

7

71

59

-

-

transfers Curtailments, settlements and plan

(32) 165

-

-

-

(32)

-

Interest cost

9

150

(120)

(113)

45

37

Impact on income and expense recognized in equity Change in actuarial gains and losses

(177) (177) (101)

772 772 858

83

(496)

(94)

276 772 858

- -

- -

(177) (101)

Impact of changes in financial assumptions

4

Impact of changes in demographic assumptions

-

(11) (75)

- -

- -

-

(11) (75)

Experience adjustments

(76)

(76)

Return on plan assets (1)

-

-

83

(496)

83

(496) (214)

Other

39

(610)

(107)

396

(68)

Contributions paid by employees

7

7

(7)

(7)

-

-

Benefits paid to employees

(141)

(152)

130 (99)

124 (89) 369

(11) (99)

(28) (89)

Contributions paid

-

-

Translation adjustments Business combinations

170

(469)

(130)

40

(100)

3

-

(1)

-

2

-

Other movements

-

4

-

(1)

-

3

PRESENT VALUE OF THE BENEFIT OBLIGATION AT DECEMBER 31

4,498

4,869

(3,282)

(3,495)

1,216

1,374

After deduction of financial income on plan assets recognized in the Income Statement and calculated using the discount rate. (1)

Analysis of the change in provisions for pensions and other post-employment benefits United Kingdom A) In the United Kingdom, post-employment benefits primarily consist of defined contribution pension plans with some employees accruing pensionable service within a defined benefit pension plan. In addition there are former and current employees accruing deferred benefits in defined benefit pension plans. The plans are administered within trusts which are legally separate from the employer and are governed by a trustee Board comprising of independent trustees and representatives of the employer. The defined benefit plans provide pensions and lump sums to members on retirement and to their dependents on death. deferred pension. The main plan is closed to the accrual of Members who leave service before retirement are entitled to a March 31, 2015. pensionable service benefit for all current employees since as follows: Employees covered by defined benefit pension plans break down December 31, 2015); 700 current employees accruing pensionable service (964 at ◗

service (7,889 at December 31, 2015); 7,690 former and current employees not accruing pensionable ◗ 2,868 retirees (2,491 at December 31, 2015). ◗ The plans are subject to the supervision of the UK Pension by an independent actuary as part of actuarial valuations usually Regulator; the funding schedules for these plans are determined gives firm commitments to the trustees regarding the funding of carried out every three years. Capgemini UK Plc., the employer, members, fluctuations in interest and inflation rates and, more liabilities that could result from changes in the life expectancy of generally, a downturn in financial markets. defined benefit pension plans expose the Group to the increase in The average maturity of pension plans in the United Kingdom is 22 years. In accordance with local regulations, the non-renewal of certain bring forward the funding of any deficits in respect of the client contracts in full or in part could require Capgemini UK Plc. to any deficits identified, over an agreed period. The responsibility to fund these plans lies with the employer. The

employees concerned.

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Registration Document 2016 — Capgemini