Derichebourg // 2020-2021 Universal Registration Document

5

Financial and accounting information Consolidated financial statements at September 30, 2021 Notes

For Environmental Services and Business Services in France, the discount rate used in this measurement is 0.75%. IAS 19 specifies that the discount rate must be equal to the yield paid on high-quality corporate bonds having the same maturity as the commitment. In the euro zone, the yield on high-quality corporate bonds (AA) at the measurement date was 0.29% for a maturity of 7 to 10 years, and 0.89% for a maturity of 10 years or more, according to the IBOXX benchmark.

The discount rate actually used in this valuation complies with IAS 19. Last June, the IAS Board approved the presentation presented by IFRIC on how to interpret the methodology for projecting the provision for employee benefit obligations. IFRIC proposes a third method of recording a provision for employees only after a certain number of years of service, and to change the provision on a straight-line basis, up to the date of departure when the employee retires. This method will be applied retrospectively from October 1, 2021 and will reduce the commitment by €5.2 million.

Write backs used

Write backs not used

Changes in scope

Other variation

09-30-20

Provisions

09-30-21

In millions of euros

Employee benefits

50.8

3.9

(2.1)

0.2

(3.6)

49.2

2021

2020

2019

In millions of euros

Actuarial value of commitments at opening

50.8

49.6

42.6

Current service cost

3.5 0.4

3.7 0.3

3.4 0.7 1.6 5.3

Interest expense

Actuarial gains and losses related to experience

(2.8) (0.8)

(1.3) (0.6)

Actuarial gains and losses related to changes to the actuarial assumptions

Employee contributions Benefits paid

(2.1)

(0.8)

(3.8)

Acquisitions, disposals, liquidations Change in scope

0.2

(0.1)

Impact of IFRS 5

(0.1)

Foreign exchange differences Actuarial value of commitments at closing

49.2

50.8

49.6

Fair value of plan assets at opening

0.0

0.0

Interest income Expected return on assets other than financial interests Administrative costs Contributions by employer

2.0

0.8

3.8

Employee contributions Benefits paid

(2.0)

(0.8)

(3.8)

Assets distributed on settlement Changes in scope Impact of IFRS 5 Foreign exchange differences Fair value of plan assets at closing Provisions recognized on the balance sheet Actuarial value of commitments

0.0

0.0

0.0

49.2

50.8

49.6

Fair value of assets

0.0

0.0

0.0

Net value of commitments

49.2

50.8

49.6

Amounts recognized in profit or loss Current service cost

3.5 0.4

3.7 0.3

3.4 0.7

Financial cost

Administrative costs Gains (losses) on settlements Total

3.9

4.0

4.1

DERICHEBOURG 2020/2021 Universal Registration Document 168