EXEL Industries // 2020 Universal registration document

Consolidated fi nancial statements Notes to the consolidated fi nancial statements

Gross

Social charges Total 09/30/2020

Total 09/30/2019

(in € thousands)

Service costs in the fi scal year

638

287

925

714

Discount costs

16

7

23

58

Cost of interest

1,768

-

1,768

2,387

Change in plan

-

-

-

1,450

COST FOR THE FISCAL YEAR

2,422

294

2,717

4,609

Changes in pension and similar liabilities break down as follows:

Gross

Social charges Total 09/30/2020

Total 09/30/2019

(in € thousands)

PENSION LIABILITIES AT THE BEGINNING OF THE FISCAL YEAR

102,503

3,893

106,396

94,171

Cost for the fi scal year

2,422

294

2,717

4,609

Actuarial gains and recognized in equity

3,224

(216)

3,009

11,701

Retirement bene fi ts paid

(3,543)

(224)

(3,767)

(2,869)

Job protection plan

-

-

-

(1,342)

Change in exchange rates

(2,826)

-

(2,826)

126

Change in Group structure

-

-

-

-

5

PENSION LIABILITIES AT THE END OF THE FISCAL YEAR

101,782

3,747

105,529

106,396

Change in plan assets:

Gross

Social charges Total 09/30/2020

Total 09/30/2019

(in € thousands)

FAIR VALUE OF ASSETS AT THE BEGINNING OF THE FISCAL YEAR 78,619

-

78,619

65,889

Expected return on plan assets

1,493

1,493

1,897

Actuarial gains and recognized in equity

66

66

10,704

Contributions paid to plans

2,335

2,335

2,211

Retirement bene fi ts paid

(3,045)

(3,045)

(2,177)

Change in exchange rates

(2,316)

(2,316)

95

Change in Group structure

-

-

-

FAIR VALUE OF THE ASSETS AT THE END OF THE FISCAL YEAR

77,153

-

77,153

78,619

Breakdown of plan assets:

Total 09/30/2019

Total 09/30/2020

(in € thousands)

Shares

216

0.3%

217

0.3%

Bonds

15,951

20.7%

17,758

23.0%

Other assets

60,985

79.0%

60,645

78.6%

FAIR VALUE OF THE ASSETS AT THE END OF THE FISCAL YEAR

77,153

100%

78,619

100%

Reconciliation between total pension liabilities and provisions for liabilities recognized in the balance sheet at September 30, 2020:

Gross

Social charges Total 09/30/2020

Total 09/30/2019

(in € thousands)

TOTAL PENSION LIABILITIES AT THE END OF THE FISCAL YEAR

101,782

3,748

105,529

106,396

Fair value of plan assets

(77,153)

(77,153)

(78,619)

PROVISIONS AT THE END OF THE FISCAL YEAR

24,629

3,748

28,376

27,776

EXEL Industries group I 2020 Universal Registration Document

73