Eurazeo / 2018 Registration document

COMPANY FINANCIAL STATEMENTS Notes to the Company financial statements

Provisions for losses A provision of €10,570 thousand was recognized in respect of 2018 variable compensation (including related social security contributions and taxes) payable in 2019. The prior year provision of €12,501 thousand was reversed during the year.

A reversal of the provision for retirement benefits of €9,027 thousand was recognized during the year to cover the increase in the obligation for top-up pensions, bringing the provision to €11,474 thousand as of December 31, 2018.

12/31/2018

12/31/2017

(In thousands of euros)

Provision movement Net (liability)/asset recognized at the beginning of the year

(20,502)

(15,123) (9,379) 4,000

Charge for the year

4,027 5,000

Employer contributions

Net (liability)/asset recognized at the end of the year

(11,474)

(20,502)

Reconciliation of Off-balance sheet/Balance sheet amounts at the year end Actuarial liability

(62,161) 50,687 (11,474)

(66,798) 46,296 (20,502)

Fair value of plan assets Net funding surplus/(deficit)

Total actuarial gains/(losses) not recognized

- -

Unrecognized past service cost

Net (liability)/asset recognized at the year end

(11,474)

(20,502)

Assumptions Discount rate

1.5%

1.3% 2.0% 0.3%

Rate of pay increase

-

Pension calculation minimum rate of return

0.3%

Retirement age Mortality table

64 years

62 years

TGF05/TGH05

TGF05/TGH05

Rate of return on plan assets

1.5%

1.3%

T (tables) G (by generation), H or F (by sex) determined based on observed data up to 2005 (05).

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2018 Registration Document