SOPRA_STERIA_REGISTRATION_DOCUMENT_2017
2017 CONSOLIDATED FINANCIAL STATEMENTS Notes to the consolidated financial statements
a. Change in net liabilities arising from the main post-employment benefit obligations in 2017
Defined- benefit pension funds – United Kingdom
Defined- benefit pension funds – Germany
Lump-sum retirement benefits – France
Other
Total
(in millions of euros)
CALCULATION ASSUMPTIONS FOR ACTUARIAL LIABILITIES
1.02% to 1.53%
0.70% to 2.60%
2.55% 1.77% 2.11% 0.20%
Discount rate Inflation rate
N/A
N/A
3.11% 2% to 2.5% 2% to 2.50% 2% to 2.70%
Rate of salary increase
Age at retirement
variable
65 yrs 60 to 65 yrs
variable
AMOUNTS RECOGNISED IN THE BALANCE SHEET Present value of the obligation at 31/12/2017
1,685.7 1,484.1
114.1
42.2
18.2 15.3
1,860.3 1,501.4
Fair value of plan assets at 31/12/2017
2.0
-
Net liabilities on the balance sheet at 31/12/2017
201.6
112.0
42.2
3.0
358.9
NET LIABILITY COST COMPONENTS Current service cost
5.0
8.2
0.2
0.4
13.8
Past service cost
- -
- -
- -
- -
- -
Losses (gains) on plan settlements
Interest on obligation Interest on plan assets
45.3 -37.9 12.4 -70.9
1.9
0.6
0.2
48.1 -38.2 23.7 -74.9
-
-
-0.2 0.4 -0.6
Total expenses recognised in the income statement
10.0 -3.2
0.8 -0.2
Effect of net liability remeasurements
p of which return on plan assets (excluding amounts included in interest income)
-108.4
-
-
0.6
-107.8
p of which experience adjustments
8.5
-1.2 -1.7 -0.2 -3.2
-0.6
-1.2
5.4
p of which impact of changes in demographic assumptions p of which impact of changes in financial assumptions
-3.5 32.5
-
0.3
-4.9 32.5
0.4
-0.2 -0.6
Total expenses recognised directly in equity
-70.9
-0.2
-74.9
CHANGES IN NET LIABILITIES Net liability at 1 January 2017
295.2
104.7
42.8
3.5
446.3
Changes in scope
-
2.3
-
-
2.3
10.0 -3.2 -1.7 -1.7
Net expense recognised in the income statement
12.4 -70.9 -25.8 -25.8
0.8
0.4
23.7 -74.9 -29.3 -29.3
Net expense recognised in equity
-0.2 -1.3 -1.3
-0.6 -0.5 -0.5
Contributions
p of which employer contributions p of which employee contributions
-
- - -
- - -
- -
-
Exchange differences Other movements
-9.3
-9.3
-
0.1 3.0
0.1
NET LIABILITY AT 31 DECEMBER 2017
201.6
112.0
42.2
358.9
147
SOPRA STERIA REGISTRATION DOCUMENT 2017
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