NATIXIS_REGISTRATION_DOCUMENT_2017
FINANCIAL DATA Consolidated financial statements and notes
12.31.2017
12.31.2016
Post-employment defined-benefit plans
Other long-term employee benefits
Post-employment defined-benefit plans
Other long-term employee benefits
Supplementary pension benefits and other
Supplementary pension benefits and other
End-of-career awards
Long-service awards
End-of-career awards
Long-service awards
Other
Other
Discount rate Inflation rate
2.40% 0.81% 0.92% 2.25% 2.68% 0.87% 0.70% 2.66% 2.41% 1.69% 1.69% 1.55% 2.35% 1.66% 1.72% 1.38%
Rate of increase in salaries (incl. Inflation) Rate of increase in healthcare costs (incl. Inflation)
2.85% 2.25% 2.25% 3.08% 2.96% 2.29% 2.48% 3.25%
4.43%
4.26%
Duration (in years)
17
10
10
12
15
12
9
15
The discount rate is determinedbased on the yields of AA-rated corporate bonds of the same duration. This benchmark is obtained from the Bloomberg “EUR Composite (AA) Zero CouponYield”yield curve. For end-of-career awards and long-service awards, employee turnover is calculated by age bracket and grade based on a
three-yearaverage. A rate of 0% is used for employeesaged 60 and over. Wage growth including inflation is determinedusing the average rate of real compensationgrowth over the past six years. This wage growth is cappedat the maximumnominalrate of increase seen over the same period.
5
h) Analysis of sensitivity to key assumptions
12.31.2017
12.31.2016
Post-employment defined-benefit plans
Other long-term employee benefits
Post-employment defined-benefit plans
Other long-term employee benefits
Supplementary pension benefits and other
Supplementary pension benefits and other
End-of-career awards
Long-service awards
End-of-career awards
Long-service awards
Other
Other
(in percentage)
+1% change in discount rate -1% change in discount rate +1% change in rate of increase in healthcare costs -1% change in rate of increase in healthcare costs +1% change in rate of increase in salaries and income (incl. inflation) -1% change in rate of increase in salaries and income (incl. inflation)
(12.18)% (5.83)% (4.97)% (2.80)% (11.43)% (6.09)% (5.24)% (2.80)%
15.09% 6.57% 5.36% 3.50% 14.02% 6.43% 5.78% 3.36%
1.50%
6.12%
(1.24)%
(4.44)%
12.19% 12.29% 8.23%
14.00% 12.63% 9.30%
(9.57)% (10.49)% (6.96)%
(9.28)% (10.86)% (8.20)%
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Natixis Registration Document 2017
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