EURAZEO_REGISTRATION_DOCUMENT_2017
4
CONSOLIDATED FINANCIAL STATEMENTS Notes to the Consolidated Financial Statements
Financing of the employee benefits obligation 5.2.3
12/31/2017
12/31/2016
(In thousands of euros)
Present value of unfunded obligations
109,176 72,813 181,988
91,686 53,899
Present value of fully or partially funded obligations Total value of defined benefit plan obligations (1)
145,585 89,791 55,794
Fair value of plan assets (2)
91,951
Total value of defined benefit plan liability (1)-(2) Total value of defined contribution plan obligations TOTAL VALUE OF EMPLOYEE BENEFIT OBLIGATIONS
90,037
192
-
90,229
55,794
Plan assets break down as follows:
12/31/2017
12/31/2016
(On average)
Shares Bonds
9%
7% 7%
49% 42%
Other instruments
86%
TOTAL
100%
100%
Management compensation and other transactions with management (related parties) 5.3 Executive Board members are the key managers of Eurazeo as defined by IAS 24. In 2017, amounts recognized in the Income Statement and the Balance Sheet in respect of key managers are as follows:
Holding company
Income
Expenses
Assets Net liabilities
(In thousands of euros) Key managers Short-term benefits (1)
Eurazeo Eurazeo Eurazeo
(4,494) (4,678)
Post-employment benefits (2)
(20,502)
Share-based payments (2,968) Short-term benefits of key managers consist of salaries, including a variable portion paid during the year. (1) Key managers are entitled to a “top-up” pension (known in France as an “Article 39” pension) which only vests if the beneficiary is present in the (2) Company when he or she retires, or in the event of departure after 55 years old, if he or she does not take up salaried employment.
222
2017 Registration document
Eurazeo
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