GROUPAMA / 2018 Registration document
FINANCIAL STATEMENTS CONSOLIDATED FINANCIAL STATEMENTS AND NOTES
Reserve for pensions Note 23.2 Pensions reserve– Changein actuarial valueof the debt Note 23.2.1
31.12.2018
31.12.2017
Post- employment benefits
Other long-term benefits
Post- employment benefits
Other long-term benefits
Total
Total
(in millions of euros)
OPENING ACTUARIAL DEBT
601
42
642
611
42
654
Cost of past services
8
3
11
7
3
11
Interest payable
11
11
12
12
Revaluations of actuarial debt Actuarialdifferences resulting from changes in demographic assumptions Actuarialdifferences resulting from changes in financialassumptions
(3)
(4)
(5)
(5)
(27)
(2)
(29)
12
12
Experience-related adjustments
(6)
(4)
(9)
(5)
(2)
(7)
Benefitspaiddirectlyby theemployer
(7)
(2)
(9)
(6)
(3)
(9)
Benefitspaidby hedging assets
(20)
(20)
(18)
(18)
Cost of past servicesandprofit/losson liquidation
(1)
1
0
Change in scope of consolidation
(1)
(1)
Change in exchange rates
(5)
(5)
(14)
(14)
Other
1
1
9
9
CLOSING ACTUARIAL DEBT
551
39
590
601
42
642
Reserve forpensions –Changein the fairvalue ofhedgingassets Note 23.2.2
7
31.12.2018
31.12.2017
Post- employment benefits
Other long-term benefits
Post- employment benefits
Other long-term benefits
Total
Total
(in millions of euros)
OPENING FAIR VALUEOF HEDGING ASSETS
397
397
370
370
Interest income
9
9
10
10
Revaluations of hedging assets Portion of yield on hedging assets in excess of the discount rate
(23)
(23)
21
21
Change in effect of asset cap
Benefitspaid
(20)
(20)
(19)
(19)
Employercontributions
6
6
29
29
Employee contributions Change in scope of consolidation
(1)
(1)
Change in exchange rates
(3)
(3)
(13)
(13)
Other
(6)
(6)
2
2
CLOSING FAIR VALUE OF HEDGING ASSETS
360
360
397
397
247
REGISTRATION DOCUMENT 2018 - GROUPAMA ASSURANCES MUTUELLES
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