HERMÈS - 2018 Registration document

Consolidated financial statements Notes to the consolidated financial statements

26.3.3 Analysis of the provision for post-employment and similar benefit obligations

Post-employment plans

Other long-term benefits

Post-employment plans

Other long-term benefits

31/12/2018

31/12/2017

In millions of euros

Present value of funded obligations

181.3 (55.5) 125.8

- - -

181.3 (55.5) 125.8

186.6 (61.7) 124.8

186.6 (61.7) 124.6

Fair value of plan assets

Excess obligations/(assets) in funded plans Present value of unfunded obligations

-

63.2

13.6

76.9

55.8

13.6

69.6

Unrecognised net assets

-

-

-

Net defined-benefit plan obligations Breakdown of obligations - assets Breakdown of obligations - liabilities

189.0

13.6

202.7

180.7

13.6

194.2

-

-

-

-

-

-

189.0 189.0

13.9 13.9

202.9 202.9

180.7 180.7

13.6 13.6

194.2 194.2

Net obligations

26.3.4 Change in actuarial gains and losses

In millions of euros

Actuarial gains and losses recognised in equity as at 31 December 2017

141.0

Experience gains and losses

2.8

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

(1.8) (4.5)

Impact of limits on plan assets Other actuarial gains and losses

-

(1.3)

Actuarial gains and losses recognised in equity as at 31 December 2018

136.2

Experience gains and losses

(2.0)

5

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

2.2

(7.5)

Impact of limits on plan assets Other actuarial gains and losses

-

(0.9)

Actuarial gains and losses recognised in equity as at 31 December 2018

129.8

26.3.5 Analysis of expenses recognised in the statement of profit or loss

Post-employment plans

Other long-term benefits

Post-employment plans

Other long-term benefits

2018

2017

In millions of euros

Service costs Interest costs

15.2

1.2 0.2

16.4

15.6

1.5 0.2

17.1

2.2

2.4

2.0

2.2

Financial income on assets

(0.5)

- - -

(0.5)

(0.5)

-

(0.5)

(Gains)/losses resulting from a plan change

0.5

0.5

0.2

0.6

0.8

Change in scope

-

-

-

-

-

Net actuarial (gains)/losses recognised in the year

-

- -

-

-

(0.0) (0.1)

(0.0)

Administrative expenses

0.2

0.2

0.3

0.2

Cost of defined-benefit plans

17.6

1.4

19.0

17.7

2.1

19.8

2018 REGISTRATION DOCUMENT HERMÈS INTERNATIONAL

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