HERMÈS - 2018 Registration document

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Consolidated financial statements Notes to the consolidated financial statements

26.3 Change in provisions recognised in the statement of financial position

Post-employment plans

Other long-term benefits

Post-employment plans

Other long-term benefits

2018

2017

In millions of euros

Provisions as at 1 January Foreign currency adjustments

180.7

13.5

194.2

176.0

13.0 (0.4)

189.0

3.4

0.1 1.4

3.5

(5.0) 17.7 (4.7) (3.4)

(5.4) 19.8 (5.8) (3.4)

Cost according to statement of profit or loss

17.6 (5.5) (7.2)

19.0 (6.6) (7.2)

2.1

Benefits/contributions paid Actuarial gains and losses

(1.1)

(1.1)

- - -

- -

Change in scope

- -

- -

- -

-

Other

(0.1) 13.5

(0.1)

Provisions at end of period

189.0

13.9

202.9

180.7

194.2

26.3.1 Reconciliation of the value of post-employment and other employee benefit commitments

Post-employment plans

Other long-term benefits

Post-employment plans

Other long-term benefits

2018

2017

In millions of euros

Present value of obligations at 1 January

242.4

13.6

256.0

250.3

13.0 (0.4)

263.3

Foreign currency adjustments

5.0

0.1 1.4 0.2

5.1

(8.5) 15.3

(8.9) 16.6

Service cost Interest cost Benefits paid

15.1

16.5

1.3 0.2

2.2

2.4

2.0

2.2

(14.9)

(1.0)

(15.9)

(15.2)

(0.8)

(16.0)

Employee contributions

1.6

-

1.6

1.6 2.8

-

1.6 3.1

Experience gains and losses

(2.0)

(0.1)

(2.1)

0.3

Actuarial gains and losses from demographic assumptions Actuarial gains and losses from financial assumptions

2.2

0.1

2.3

(1.8)

(0.0)

(1.8)

(7.5)

(0.3) (0.2)

(7.8)

(4.5)

(0.3)

(4.8)

Plan changes

0.5

0.3

0.2

0.6 0.0

0.8 0.0

Change in scope

- -

- -

- -

-

Other

0.2

(0.3) 13.6

(0.1)

Present value of obligations as at 31 December

244.6

13.9

258.4

242.4

256.0

26.3.2 Evaluation of fair value of pension plans

2018

2017

In millions of euros

Fair value of assets at 1 January

61.7

74.3

Employer contributions Employee contributions

5.4 1.6

4.4 1.6

Benefits paid

(14.9)

(15.2)

Financial income

0.5

0.5

Administrative expenses

(0.2)

(0.3) (3.4) (0.2)

Foreign currency adjustments Actuarial gains and losses

1.5

(0.1)

Change in scope

-

-

Fair value of assets as at 31 December

55.5

61.7

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2018 REGISTRATION DOCUMENT HERMÈS INTERNATIONAL