HERMES_REGISTRATION_DOCUMENT_2017

5

CONSOLIDATED FINANCIAL STATEMENTS NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS

25.3.2 Evaluation of fair value of pension plans

2017

2016

In millions of euros

Fair value of assets at 1st January

74.3

70.9

Employer contributions Employee contributions

4.4 1.6

4.1 1.7

Benefits paid

(15.2)

(3.9)

Financial income

0.5

0.8

Administrative expenses

(0.3) (3.4) (0.2)

(0.2)

Foreign currency adjustments Actuarial gains and losses

0.4 0.5 0.0

Change in scope

-

Fair value of assets as at 31 December

61.7

74.3

25.3.3 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

31/12/2017

31/12/2016

In millions of euros

Present value of funded obligations

186.6 (61.7) 124.8

186.6 (61.7) 124.6

194.7 (74.3) 120.4

194.7 (74.3) 120.4

Fair value of plan assets

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

-

-

55.8

13.6

69.6

55.6

13.0

68.6

Unrecognised net assets

-

-

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

180.7

13.6

194.2

176.0

13.0

189.0

-

-

-

-

-

-

180.7 180.7

13.6 13.6

194.2 194.2

176.0 176.0

13.0 13.0

189.0 189.0

Net obligations

25.3.4 Change in actuarial gains and losses

In millions of euros

Actuarial gains and losses recognised in equity as at 31 December 2015

126.3

Experience gains and losses

2.0

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

(2.6) 15.6

Impact of limits on plan assets Other actuarial gains and losses

-

(0.3)

Actuarial gains and losses recognised in equity as at 31 December 2016

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 2017

136.2

232

2017 REGISTRATION DOCUMENT HERMÈS INTERNATIONAL