Euronext - 2019 Universal Registration Document

Financial Statements 8

Consolidated Statement of Changes in Equity

The pension plan assets allocation differs per plan. On a weighted average basis, the allocation was as follows:

2019

2018

Fair value of plan assets in thousands of euros

Fair value of plan assets in percent

Fair value of plan assets in thousands of euros

Fair value of plan assets in percent

Plan assets

Equity securities Debt securities

6,522

29.4% 61.7% 2.1% 6.0% 0.9% 100%

5,419

27.1% 60.8% 2.3% 8.1% 1.7% 100%

13,711

12,200

Property

470

464

Investment funds

1,324

1,633

Cash

190

337

TOTAL

22,217

20,053

The maturity of expected benefit payments over the next ten years is as follows:

As at 31 December 2019

Less than a year Between 1–2 year Between 2–5 years Between 5–10 years

Total

Pension benefits

1,130

1,281

4,369

11,662

18,442

The weighted average duration of the defined benefit obligation for retirement plans is 18 years at 31 December 2019. For 2020, the expected obligations contributions are approximately €1.0 million.

NOTE 31 PROVISIONS

Restructuring

Leases (a)

Jubilee Legal claims Plan Agents

Others

Total

In thousands of euros

Changes in provisions As at 31 December 2018

55

724

2,293

1,456

1,298

1,542

7,368

Change in accounting policy

-

1,919

-

-

-

-

1,919

As at 1 January 2019

55

2,643

2,293

1,456

1,298

1,542

9,287

Additional provisions charged to income statement

3,191

267

403

544

1

140

4,546

Used during the year

(75)

(20)

(32)

(101)

(49)

(259)

(536)

Unused amounts reversed

-

(863)

(201)

-

(94)

(736)

(1,894)

Acquisition of subsidairy (Note 5)

-

-

-

-

-

3,730

3,730

Other

(3)

3

-

-

-

-

-

Exchange differences

70

7

-

-

-

(27)

50

AS AT 31 DECEMBER 2019 Composition of provisions Current

3,238

2,037

2,463

1,899

1,156

4,390

15,183

55

46

-

-

-

3

104

15,079

Non Current

3,183

1,991

2,463

1,899

1,156

4,387

TOTAL

3,238

2,037

2,463

1,899

1,156

4,390

15,183

a) As from 1 January 2019, the former “Building” provision was re-named “Leases” following adoption of IFRS 16 (see Note 3).

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2019 UNIVERSAL REGISTRATION DOCUMENT