NATIXIS_REGISTRATION_DOCUMENT_2017
5 FINANCIAL DATA
Consolidated financial statements and notes
SEPARATE ASSETS R
12.31.2017
12.31.2016
Post-employment defined-benefit plans
Post-employment defined-benefit plans
Supplementary pension benefits and other
Supplementary pension benefits and other
End-of-career awards
End-of-career awards
Total
Total
(in millions of euros)
Total revaluation adjustments at start of period o/w effect of ceiling on assets Revaluation adjustments over the period o/w effect of ceiling on plan assets Total revaluation adjustments at end of period o/w effect of ceiling on assets
44
1
45
2
0
2
7
1
8
42
1
43
51
2
54
44
1
45
the net interest cost reflecting the impact of unwinding the a discounton the net obligation. Obligations in respect of other long-termemployee benefits are accountedfor using the same actuarial valuationmethod as that used for post-employmentdefined-benefitobligations,except for revaluationadjustments,whichare taken directlyto profit or loss.
f) Analysis of expenses for the period The annual payroll costs recognizedin respect of defined-benefit plans consistof: the costs of services rendered, representingrights vested by a beneficiariesover the period; past service costs, arising from possible plan changes or a curtailments as well as the effects of possible plan settlements;
12.31.2017
12.31.2016
Post-employment defined-benefit plans
Other long-term employee benefits
Supplementary pension benefits and other
End-of-career awards
Long-service awards
Other
Total
Total
(in millions of euros)
Service cost
9
13 10
5 1 0 0
45
72
64
Past service cost
(42)
0 0 0 1
(30)
(23)
Interest cost
16
2
19
22
Interest income
(12)
(0)
(13)
(15)
Other
(3)
0
(0)
(2)
1
TOTAL EXPENSE FOR THE YEAR (A) 50 Of which €41 million in income recognized as income at December 31, 2017 for plan cuts in response to the new collective agreement on (a) complementary health insurance for employees, as well as a -€7 million expense in additional commitment for end-of-career awards. g) Main actuarial assumptions at December 31, 2017 The amount of the provision for post-employment defined-benefit plans is calculated on an actuarial basis using a number of demographicand financialassumptions. (33) 26 7 46 46
12.31.2017
12.31.2016
France
Europe United States
France
Europe United States
Discount rate Inflation rate
0.98% 1.70% 2.27% 4.18%
2.25% 2.53% 2.55% 1.60%
3.53% 3.00% 4.00% 5.00%
0.97% 1.60% 2.42% 4.10%
2.43% 2.60% 2.39% 4.40%
4.06% 3.00% 4.00% 5.00%
Rate of increase in salaries
Rate of increase in healthcare costs
Duration (in years)
13
18
18
15
19
14
310
Natixis Registration Document 2017
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