Econocom - 2019 Universal registration document

06 consolidated financial statements

notes to the consolidated financial statements

Change in the 2018 provision

Actuarial gains and losses

Changes in scope of consoli- dation

In the income state- ment

Benefits paid directly

31 ژ Dec. 2018

31 ژ Dec. 2017

in € ڳ millions

39.0

0.1

1.3 1.6

(1.0) (1.5)

(1.7)

37.8

France

6.3

0.6

(0.3)

6.8

Other countries

Provisions for ژ pensions

45.3

0.7

2.9 (2.5)

(2.0)

44.6

Long-service awards (France)

0.4

-

0.1

-

-

0.5

Total

45.7

0.7

3.0 (2.5)

(2.0)

45.1

Changes in plan assets 17.5. Changes in 2019 plan assets

Valuation of termination of employment

Actuarial gains and losses

Benefits paid by employer

Benefits paid by fund

31 ژ Dec. 2018

Expected return

31 ژ Dec. 2019

Curtailment/ termination

in € ڳ millions

3.8

ژ -

ژ 0.1

- ژ

ژ (0.8)

ژ -

ژ -

ژ 3.1

France

Other countries (1)

14.7

ژ 8.7

ژ 0.2

ژ 1.1

ژ (0.9)

ژ 0.2

ژ 0.1

ژ 24.1

Total

18.5

ژ 8.7

ژ 0.3

ژ 1.1

ژ (1.6)

ژ 0.2

ژ 0.1 ژ 27.3

Including €23.6 million at 31 December 2019 relating to Belgian entities. (1)

Change in 2018 plan assets

Actuarial gains and losses

Changes in scope of consolidation

Benefits paid by employer

Benefits paid by fund

31 ژ Dec. 2017

Curtailment/ termination

31 ژ Dec. 2018

Expected return

in € ڳ millions

4.7

-

0.1

-

(1.0)

-

-

3.8

France

Other countries (1)

14.9

-

0.2

0.6 (1.5)

0.2

0.3 14.7

Total

19.6

-

0.3

0.6 (2.5)

0.2

0.3 18.5

Estimated payments under defined benefit plans 17.6. (no discounting) over a ten-year period Timing of estimated payments to be made to employees under the main defined benefit plans, either by the plan (plan assets) or directly by Econocom if there are no plan assets:

Due in less than 1 ژ year

1-2 ژ years

2-3 ژ years

3-4 ژ years

4-10 ژ years

Total

in € ڳ millions

ژ 1.2

ژ 1.7

ژ 2.0

ژ 2.3

ژ 32.6

ژ 39.8

Estimated payments

236

2019 annual report