EURAZEO_REGISTRATION_DOCUMENT_2017
4
CONSOLIDATED FINANCIAL STATEMENTS Notes to the Consolidated Financial Statements
Operating income and other income and expenses 4.6 Operating income totaled €643 million in 2017, compared with €738 million in 2016. Other income and expenses break down as follows:
2017
2016
(In thousands of euros)
Restructuring/relocation/reorganization
(2,339) (44,815) (25,572) (72,726)
(5,756)
Transaction costs
(66,483) (8,669) (80,908)
Other income and expenses OTHER INCOME AND EXPENSES
EMPLOYEES BENEFITS EXPENSE AND LIABILITIES NOTE 5
5.1
Number of employees and employee
5.2 Defined contribution plans
Employee benefit liabilities
benefits expense Number of employees
The Group pays contributions under a range of mandatory systems and on a voluntary basis under contractual agreements. The Group’s obligation is therefore limited to the payment of contributions. Defined benefit plans In recognition of their contribution to the business, Eurazeo Executive Board members are covered by a supplementary defined benefit pension plan designed to provide them with additional retirement income. The amount of this additional pension depends on the length of service of beneficiaries on retirement. This plan was closed on June 30, 2011 and only concerns members of the Executive Board present at that date.
5.1.1
2017
2016
(Full time equivalent)
France
8,838 7,326 3,429 2,191 2,173 1,201 14,439 10,718
Europe excluding France
Rest of the world
TOTAL EMPLOYEES
The full time equivalent number of employees includes the employees of fully-consolidated companies on a time-apportioned basis taking into account their date of entry into and exit from the scope of consolidation. The above figures do not include employees of equity-accounted associates.
Employee benefits expense
5.1.2
2017
2016
(In thousands of euros)
Wages, salaries and other employee benefits
604,956 392,797
Social security contributions
168,591
115,916
Employee mandatory profit-sharing/incentive schemes
10,528 3,764
Share-based payments
8,221
5,521
TOTAL EMPLOYEE BENEFITS EXPENSE
792,296 517,998
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2017 Registration document
Eurazeo
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