RUBIS - 2019 Universal Registration Document

8 FINANCIAL STATEMENTS - 2019 Consolidated financial statements and notes

Change in hedging assets

2019

2018

(in thousands of euros)

Hedging assets as of January 1

28,120

31,011

Newly consolidated Translation differences

1,319 4,589 (924)

365

Expected return on fund assets

(360)

Benefits paid

(2,896)

Reclassification into liabilities related to a group of assets held for sale

(54)

Hedging assets as of December 31

33,050 (6,121) 26,929

28,120 (5,404) 22,716

Limitation of assets

ASSETS RECOGNIZED AS OF DECEMBER 31

Hedging assets are detailed below:

12/31/2019

Breakdown of hedging assets

Equity Bonds

24% 36% 40%

Assets backed by insurance policies

TOTAL

100%

Geographic breakdown of employee benefits

Europe

Caribbean

Africa

(in thousands of euros)

Actuarial assumptions

0 to 11.7% 0.35% to 2.91%

0 to 14.25%

Provision for pensions and health insurance coverage

10,497

41,022

2,536

Provision for long-service awards

705

1,496

354

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