GROUPAMA / 2020 UNIVERSAL REGISTRATION DOCUMENT
7 FINANCIAL STATEMENTS Consolidated financial statements and notes
Reserve for pensions 23.2 Pensions reserve – Change in actuarial value of the debt 23.2.1
31.12.2020
31.12.2019
Post- employment benefits
Post- employment benefits
Other long-term benefits
Other long-term benefits
Total
Total
(in millions of euros)
597
40
637
551
39
590
OPENING ACTUARIAL DEBT
Cost of past services
9
3
12
11
3
14
Interest payable
8
8
12
12
Revaluations of actuarial debt Actuarial differences resulting from changes in demographic assumptions Actuarial differences resulting from changes in financial assumptions
2
(1)
1
(4)
(4)
28
1
29
38
2
40
Experience-related adjustments
(5)
(2)
(7)
(7)
(3)
(9)
Benefits paid directly by the employer
(7)
(1)
(9)
(7)
(2)
(8)
Benefits paid by hedging assets
(17)
(17)
(19)
(19)
Cost of past services and profit/loss on liquidation Change in scope of consolidation Change in exchange rates
(21)
(21)
18
18
Other
8
2
10
3
3
CLOSING ACTUARIAL DEBT
602
41
643
597
40
637
Reserve for pensions – Change in the fair value of hedging assets 23.2.2
31.12.2020
31.12.2019
Post- employment benefits
Post- employment benefits
Other long-term benefits
Other long-term benefits
Total
Total
(in millions of euros)
OPENING FAIR VALUE OF HEDGING ASSETS
404
404
360
360
Interest income
7
7
10
10
Revaluations of hedging assets Portion of yield on hedging assets in excess of the discount rate
20
20
32
32
Change in effect of asset cap
Benefits paid
(17)
(17)
(22)
(22)
Employer contributions
6
6
6
6
Employee contributions Change in scope of consolidation Change in exchange rates
(21)
(21)
17
17
Other
1
1
CLOSING FAIR VALUE OF HEDGING ASSETS
400
400
404
404
209
Universal Registration Document 2020 - GROUPAMA ASSURANCES MUTUELLES
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