PSA_GROUP_REGISTRATION_DOCUMENT_2017

CONSOLIDATED FINANCIAL STATEMENTS AT 31 DECEMBER 2017 Notes to the consolidated financial Statements at December 2017

Movement for the year D. Excluding minimum funding requirement (IFRIC 14)

2017

2016

United Kingdom Germany Other Total France

United Kingdom Other Total

France

(in million euros)

Projected benefit obligation At beginning of period: Present value

(1,620) (2,098) (425) (270) (4,413) (1,564) (2,096) (670) (4,330)

Service cost Interest cost

(49) (24)

(62) (56)

(48) (14) (173) (43) (26) (7) (113) (36)

(10) (16) (69) (71) (17) (124) 82 46 217

Benefit payments for the year

111

114

11

35 271

89

Unrecognised actuarial gains and (losses): amount > as a % of projected benefit obligation at > beginning of period (1)

86 (187)

(151)

3 (249) (95)

(316) (43) (454)

5.3% 8.9% 5.4% 1.1% 5.6% 6.1% 15.1% 6.4% 10.5%

Translation adjustment

-

75

-

15 90

-

313

1

314

Effect of changes in scope of consolidation and other Effect of curtailments and settlements

(3)

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

-

- -

-

-

1

-

-

-

1

29

4 33

AT PERIOD-END: PRESENT VALUE External fund At beginning of period: Fair value Normative return on external funds

(1,498) (2,274) (3,024) (554) (7,350) (1,620) (2,098) (695) (4,413)

899 2,777

130 140 3,946 932 2,657 285 3,874

13

75

22 4 114 23

94 7 124

Actuarial gains and (losses): amount >

20

81

46 (3)

144 18 475 7 500

as a % of projected benefit obligation at > beginning of period (1)

2.2% 2.9% 1.7% 2.1% 3.6% 1.9% 17.9% 2.5% 12.9%

Translation adjustment Employer contributions

-

(97)

- (8) (105)

- (403)

- (403)

45

42

15 7 109 20 36 12 68

Benefit payments for the year

(118)

(114)

(11) (25) (268) (94)

(82) (41) (217)

Effect of changes in exchange rates and other

-

-

2,502 182 2,684

-

-

-

-

AT PERIOD-END: FAIR VALUE 859 2,764 2,704 297 6,624 899 2,777 270 3,946 The percentage actuarial gains and (losses) is calculated on the basis of the obligations and the external fund at the beginning of the period, (1) which for Germany includes the effect of the change in scope of consolidation due to the acquisition of Opel Vauxhall in 2017.

Reconciliation of balance sheet items E.

2017

2016

United Kingdom Germany Other

United Kingdom Other

France

Total

France

Total

(in million euros)

Present value of projected benefit obligation

(1,498) (2,274) (3,024) (554) (7,350) (1,620) (2,098) (695) (4,413) 859 2,764 2,704 297 6,624 899 2,777 270 3,946

Fair value of external funds

NET (LIABILITY) ASSET RECOGNISED IN THE BALANCE SHEET BEFORE MINIMUM FUNDING REQUIREMENT (IFRIC 14) Minimum funding requirement liability (IFRIC 14) NET (LIABILITY) ASSET RECOGNISED IN THE BALANCE SHEET

(639)

490 (320) (257) (726) (721)

679 (425) (467)

-

-

(37)

-

(39)

-

(39)

-

(37)

640 (425) (506) (63) (425) (1,235)

(639) (663)

453 (320) (257) (763) (721)

Of which, liability (Note 10)

(134)

(320) (276) (1,393) (747)

-

19 630 26

703

-

729

Of which, asset

24

587

Of which, unfunded plans

0.3% 0.0% 0.0% 15.4% 1.2% 0.0% 0.0% 9.6% 1.5%

184

GROUPE PSA - 2017 REGISTRATION DOCUMENT