PSA - 2019 Universal Registration Document

CONSOLIDATED FINANCIAL STATEMENTS AT 31 DECEMBER 2019 Notes to the Consolidated Financial Statements at 31 December 2019

Movement forthe year D. EXCLUDINGMINIMUMFUNDINGREQUIREMENT(IFRIC 14)

2019

2018

2017

United Kingdom Germany Other Total France

United Kingdom Germany Other

United KingdomGermany Other Total

France

Total

France

(inmillioneuros)

Projectedbenefitobligation At beginning of period: Present value

(1,357) (2,136) (2,847) (505)(6,845) (1,498) (2,274) (3,024) (554) (7,350) (1,620) (2,098) (425)(270) (4,413)

Service cost Interest cost

(40) (36) (26) (64)

(96) (28) (200) (42)

(41) (109) (14) (206) (49)

(62)

(48) (14) (173) (26) (7) (113)

(53) (8) (151)

(22) (59)

(50)

(9) (140)

(24)

(56)

Benefit payments for the year 56 108

21

43 228 104 178

18 32 332

111

114

11

35 271

Unrecognised actuarialgains and(losses):

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

amount >

(82) (40)

(371) (50) (543)

98 55

313 42 508 86 (187)

(151)

3 (249)

as a%of projected benefit > obligationat beginning of period

6.0% 1.9% 0.0% 9.7% 7.9% 6.5% 2.4% 10.4% 7.6% 6.9% 5.3% 8.9% 5.4% 1.1% 5.6%

Pastservice cost Effect of changes in exchange rates

-

-

-

-

-

-

(6)

-

6

-

-

-

-

-

-

-

(111)

- (3) (114)

-

16

-

3

19

-

75

-

15 90

Effect of changes in scope of consolidation and other Effect of curtailments and settlements ATPERIOD-END: PRESENT VALUE External fund At beginning of period: Fair value Normative return on external funds Actuarialgainsand(losses): as a%of projected benefit > obligationat beginning of period Effect of changes in exchange rates amount >

76

-

70 (8)

138 (1)

(1)

1

(14)

(15)

(3)

(60) (2,385) (316) (2,764)

59 (7)

12 114 178

4 (4)

4

3

7

1

-

-

-

1

(1,314) (2,286) (3,264) (445)(7,309) (1,357) (2,136) (2,847) (505) (6,845) (1,498) (2,274) (3,024)(554) (7,350)

789 2,567 2,602 381 6,339 859 2,764 2,704 297 6,624 899 2,777 130 140 3,946

14 77

44 7 142

12

72

45

5 134

13

75

22 4 114

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

31

131

550 7 719 (4) (109)

(51)

(12) (176)

20 81

46 (3)

144

3.9% 5.1% 21.1% 1.8% 11.3% 0.5% 3.9% 1.9% 4.0% 2.7% 2.2% 2.9% 1.7% 2.1% 3.6%

-

138

-

(1)

137

-

(22)

-

1

(21)

-

(97)

- (8) (105) 15 7 109

Employercontributions

8 64

6 24 102

33 37

4 24 98 45 (31) (340) (118) (114)

42

Benefit payments for the year(92) (108)

(21) (42) (263) (114) (176)

(19)

(11) (25) (268)

Effect of changes in scope of consolidation and other ATPERIOD-END: FAIR VALUE

-

-

(98) (85) (183)

3

1

(81)

97

20

-

- 2,502 182 2,684

750 2,869 3,083 291 6,993 789 2,567 2,602 381 6,339 859 2,764 2,704 297 6,624

Reconciliation ofstatementof financialposition’s items E.

2019

2018

2017

United KingdomGermany Other

United KingdomGermany Other Total France

United Kingdom Germany Other

France

Total France

Total

(inmillioneuros)

Present value of projected benefitobligation Fair value of external funds

(1,314) (2,286) (3,264) (445) (7,309)(1,357) (2,136) (2,847)(505) (6,845) (1,498) (2,274) (3,024) (554) (7,350) 750 2,869 3,083 291 6,993 789 2,567 2,602 381 6,339 859 2,764 2,704 297 6,624

NET(LIABILITY)ASSET RECOGNISED INTHE BALANCESHEETBEFORE MINIMUMFUNDING REQUIREMENT (IFRIC 14) (564) Minimum funding requirement liability (IFRIC 14)

583 (181) (154) (316) (568)

431 (245) (124) (506) (639)

490 (320) (257) (726)

-

-

-

-

-

-

(37)

-

-

(37)

-

(37)

-

-

(37)

NET(LIABILITY)ASSET RECOGNISED INTHE BALANCESHEET

(564)

583 (181) (154) (316) (568)

394 (245) (124) (543) (639)

453 (320) (257) (763)

Of which, liability (Note 10) (590)

(91) (305) (181) (1,167) (592) (159) (273) (159) (1,183) (663)

(134) (320) (276) (1,393)

Of which, asset

26 674 124 27 851 0.0% 0.0% 0.0% 11.7% 0.7%

24 553

28 35 640 24 587

-

19 630

Of which,unfundedplans

0.0% 0.0% 0.0% 10.0% 0.7% 0.3% 0.0% 0.0% 15.4% 1.2%

200

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