EDF / 2019 Universal registration document

6. Financial statements Financial statements

Unrecognised actuarial gains and losses

Unrecognised past service cost

Provision in the balance sheet

Obligations Fund assets

(in millions of euros)

Provisions for post-employment benefits at 31/12/2018

25,961

(10,913)

(39)

(4,705)

10,304

comprising: Pensions

20,036

(10,402)

- - -

(2,277)

7,358

CNIEG expenses

431

- -

22

453

Benefits in kind (energy) Retirement gratuities

4,110

(2,222)

1,888

550 834

(496)

(20) (19)

(39)

(5)

Other benefits

(15)

(189)

611

30.2

Provisions for other long-term benefits for current employees

The amount of obligations for other long-term benefits awarded to current employees is identical to the corresponding balance sheet provisions. Details are as follows:

Increases

Decreases

31/12/2019

31/12/2018

Operating

Financial

Operating

(in millions of euros)

Provisions for other long-term benefits for current employees comprising: Annuities following work-related accident and illness

936

140

21

(78)

1,019

799 118

122

18

(69)

870 129

Long service awards

15

3

(7) (2)

Other

19

3

-

20

30.3

Fund assets

Fund assets amount to €12,314 million at 31 December 2019 (€10,913 million at 31 December 2018) and are principally allocated to coverage of the past specific benefits earned under the special pension system (€11,764 million) and retirement gratuities (€534 million).

The value of fund assets increased during the year, mainly as a result of favourable changes on the financial markets, particularly the bond markets. Investments under the contracts concerned break down as follows:

31/12/2019

31/12/2018

(in millions of euros)

TOTAL FUND ASSETS

12,314 11,764

10,913 10,402

Assets funding special pension benefits

(%)

Equities

31% 69%

27% 73%

Bonds and monetary instruments

Assets funding retirement gratuities

534

496

(%)

Equities

34% 66%

27% 73%

Bonds and monetary instruments Assets funding other benefits

16

15

441

EDF | Universal registration document 2019