LOREAL_Registration_Document_2017

4 2017 Consolidated Financial Statements* NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS

The retirement expense charged to the income statement is recorded within personnel expenses for the operating part and within financial costs for the financial part and can be analysed as follows:

2017 170.2 105.0 -88.6

2016 (1) 173.4 128.5 -108.2

2015 (1) 180.0 136.1 -104.0

€ millions

Service cost Interest cost

Expected return on plan assets New plans/plan amendments

2.2

2.8

-13.1 -13.2

Curtailments Settlements

-20.8

-20.5

1.3

-

-2.0

TOTAL

169.2

176.0

183.8

Including The Body Shop. (1)

Contributions to defined contribution plans recognised as an expense for 2017, 2016 and 2015 amounted to €463.1 million, €463.1 million (€435.6 million excluding The Body Shop) and €446.5 million (€417.1 million excluding The Body Shop) respectively. A change of 1% point in medical cost inflation would have the following impact:

Increase of 1%

Decrease of 1%

€ millions

Impact on projected benefit obligation

12.8

-10.6

Impact on current service cost and interest costs

0.5

-0.4

Actuarial gains and losses for the periods presented are as follows:

Present value of defined benefit obligation

€ million 2017

Plan assets

Net provisions

Actuarial gains and losses: experience adjustments Actuarial gains and losses: demographic assumptions Actuarial gains and losses: financial assumptions

-31.7 -15.1

-242.1

-273.8

- -

-15.1

9.0

9.0

TOTAL

-37.9

-242.1

-280.0

€ million 2016

Present value of defined benefit obligation

Plan assets

Net provisions

Actuarial gains and losses: experience adjustments Actuarial gains and losses: demographic assumptions Actuarial gains and losses: financial assumptions

-55.5

-125.2

-180.7

-9.1

- -

-9.1

191.1 126.5

191.1

TOTAL

-125.2

1.3

€ million 2015

Present value of defined benefit obligation

Plan assets

Net provisions

Actuarial gains and losses: experience adjustments Actuarial gains and losses: demographic assumptions Actuarial gains and losses: financial assumptions

-101.3 -140.4 -358.5 -600.2

2.3

-99.0

- -

-140.4 -358.5 -597.9

TOTAL

2.3

REGISTRATION DOCUMENT / L'ORÉAL 2017

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