NATIXIS - Universal registration document and financial report 2019
5 FINANCIAL DATA
Consolidated financial statements and notes
a) Amounts recognized on the balance sheet at December 31, 2019 The amount of the recognized provision on the liability side of the balance sheet corresponds to the value of the actuarial liabilities under the defined benefit plans, less the market value of the assets to hedge these benefit liabilities.
31/12/2019
31/12/2018
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
End- of-career awards
Long- service awards
Supplementary pension benefits and other
End- of-career awards
Long- service awards
Other
Total
(in millions of euros)
Other
Total
Actuarial liabilities
622
238
54
127
1,042
526
215
51
144
936
Fair value of plan assets
(422)
(104)
0 0 0
0 0 0
(526)
(255) (147)
(102)
0 0 0
0 0 0
(357) (174)
Fair value of separate assets (a)
(32)
(28)
(61)
(27)
Effect of ceiling on assets
0
0
0
2
0
2
NET AMOUNT RECOGNIZED IN BALANCE SHEET
168 200
105 134
54 54
127 127
455 516
126 273
86
51 51
144 144
406 581
under liabilities
113
under assets
32
28
0
0
61
147
27
0
0
174
Separate asset components are for the most part segregated in the balance sheets of Natixis insurance subsidiaries (ABP Life Insurance), hedging the benefit liabilities of other entities within the Natixis group of consolidated (a) companies which were transferred to hedge the post-employment benefits of a few categories of employees.
b) Changes in recognized amounts on the balance sheet (Changes in actuarial liabilities)
31/12/2019
31/12/2018
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
End- of-career awards
Long- service awards
Supplementary pension benefits and other
End- of-career awards
Long- service awards
Other
Total
(in millions of euros)
Other
Total
Actuarial liabilities at start of period
526
215
51
144
936
577
256
63
123
1,020
Changes recorded in income
(5)
3
5 4 0
(15)
(12)
(7)
5
(3)
18
14
Service cost
7
12
28
50
4 0
14
5 0
69
92
Past service cost
(2) (2)
0
0
(2) (2)
(0)
(0)
(0)
o/w plan liquidation and reduction
0
0
0
0
0
0
0
0
Interest cost
15
3
1
0
19
14
4
1
0
19
Benefits paid
(25)
(11)
(3)
(45)
(84)
(25)
(11)
(4)
(51)
(91)
o/w amounts paid out in respect of plan liquidation Revaluation adjustments on other long-term employee benefits Changes recognized directly in other comprehensive income with no recycling Revaluation adjustments – demographic assumptions Other
(11)
0
0
0
(11)
(11)
(6)
(2)
(28)
(48)
0 0
0 0
4 0
2 0
5
0
0
(1) (3)
(0)
(1) (4)
(1)
(0)
(1)
0
95
19
0
0
114
(45)
(15)
0
0
(61)
(3)
1
0
0
(2)
0
(7)
0
0
(6)
Revaluation adjustments – financial assumptions Revaluation adjustments – past-experience effect Translation adjustments
83
23
0
0
106
(26)
(7)
0
0
(34)
15
(5)
0
0
10
(19)
(1)
0
0
(21)
2
0
0
0
3
8
0
0
1
9
Changes associated with non-current assets held for sale (a)
0 0 5
0 0 0
0 0
0 0
0 0 2
(10)
(31)
(10)
(1)
(52)
Changes in scope
3
(0)
0 0
0 3
3 2
Other
(1)
(1)
(1)
0
Actuarial liabilities at end of period
622
238
54
127
1,042
526
215
51
144
936
Corresponds to the actuarial liabilities, at December 31, 2018, associated with the SFS entities recognized in non-current assets held for sale as at December 31, 2018 (see Notes 3.6 and 4.1). (a)
354
NATIXIS UNIVERSAL REGISTRATION DOCUMENT 2019
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