GROUPAMA / 2019 Universal Registration Document
7 FINANCIAL STATEMENTS Consolidated financial statements and notes
Reserve for pensions 24.2 Pensions reserve – Change in actuarial value of the debt 24.2.1
31.12.2019
31.12.2018
Post-employment benefits
Other long-term benefits
Post-employment benefits
Other long-term benefits
Total
Total
(in millions ofeuros)
OPENINGACTUARIALDEBT
551
39
590
601
42
642
Cost of past services
11
3
14
8
3
11
Interest payable
12
12
11
11
Revaluationsof actuarialdebt Actuarialdifferencesarising from changes in demographicassumptions Actuarialdifferencesresultingfrom changes in financialassumptions
(4)
(4)
(3)
(4)
38
2
40
(27)
(2)
(29)
Experience-relatedadjustments
(7)
(3)
(9)
(6)
(4)
(9)
Benefitspaid directly by the employer
(7)
(2)
(8)
(7)
(2)
(9)
Benefitspaid by hedgingassets
(19)
(19)
(20)
(20)
Cost of past servicesand profit/losson liquidation Change in scope of consolidation Change in exchangerates
18
18
(5)
(5)
Other
3
3
1
1
CLOSINGACTUARIALDEBT
597
40
637
551
39
590
Reserve for pensions – Change in the fair value of hedging assets 24.2.2
31.12.2019
31.12.2018
Post-employment benefits
Other long-term benefits
Post-employment benefits
Other long-term benefits
Total
Total
(in millions ofeuros)
OPENING FAIR VALUE OF HEDGING ASSETS
360
360
397
397
Interest income
10
10
9
9
Revaluationsof hedgingassets
Portion of yield on hedgingassets in excess of the discountrate
32
32
(23)
(23)
Change in effect of asset cap
Benefitspaid
(22)
(22)
(20)
(20)
Employercontributions
6
6
6
6
Employeecontributions Change in scope of consolidation Change in exchangerates
17
17
(3)
(3)
Other
1
1
(6)
(6)
CLOSING FAIR VALUE OF HEDGING ASSETS
404
404
360
360
202
Universal Registration Document 2019 - GROUPAMA ASSURANCES MUTUELLES
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