Sopra Steria - 2018 Registration document

2018 CONSOLIDATED FINANCIAL STATEMENTS Notes to the consolidated financial statements

a. Change in net liabilities arising from the main post-employment benefit plans in financial year 2018

Defined- benefit pension funds – United Kingdom

Defined benefit pension funds – Germany

Retirement bonuses – France

Other

Total

(in millions of euros)

CALCULATION ASSUMPTIONS FOR ACTUARIAL LIABILITIES Discount rate

2.89% 1.66% to 1.89% 1.24% to 1.66% 0.80% to 7.09%

Inflation rate

3.15%

0.20%

N/A

N/A

Rate of salary increase

3.15% 2% to 2.5% 2% to 2.50% 3% to 9%

Age at retirement

Variable

65

60 to 65

Variable

AMOUNTS RECOGNISED IN THE BALANCE SHEET Present value of the obligation at 31/12/2018

1,544.1 1,396.6

117.4

41.3

19.9 1,722.6 15.7 1,414.3

Fair value of plan assets at 31/12/2018

2.1

-

Net liabilities on the balance sheet at 31/12/2018

147.5

115.3

41.3

4.2

308.3

NET LIABILITY COST COMPONENTS Current service cost

4.5

8.3

0.2

0.9

13.9

Past service cost

- -

- -

- -

- -

- -

Losses/(gains) on plan settlements

Interest on obligation Interest on plan assets

42.0 -37.2

2.0

0.6

0.6

45.2 -37.4 21.8 -36.8 57.9 11.5 -8.8 -97.3 -36.8

-

-

-0.2 1.3

Total expenses recognised in the income statement

9.4

10.2 -1.9

0.8 -0.4

Effect of net liability remeasurements

-34.7

0.2

p Return on plan assets (excluding amounts included in interest income)

58.5 11.6 -9.8 -95.1 -34.7

-

-

-0.6

p Experience adjustments

-0.6

-0.1

0.6 0.2

p Impact of changes in demographic assumptions p Impact of changes in financial assumptions Total expenses recognised directly in equity

0.7

-

-1.9 -1.9

-0.3 -0.4

-0.1 0.2

CHANGES IN NET LIABILITIES Net liability at 1 January 2018

201.6

112.0

42.2

3.0

358.9

Changes in scope

-

0.1

-

-

0.1

Net expense recognised in the income statement

9.4

10.2 -1.9 -5.2 -5.2

0.8

1.3 0.2

21.8 -36.8 -39.5 -39.5

Net expense recognised in equity

-34.7 -27.7 -27.7

-0.4 -1.4 -1.4

Contributions

-5.1 -5.1

p Employer contributions p Employee contributions

-

- - -

- - -

- -

-

Exchange differences Other movements

-1.1

-1.1

-

4.9 4.2

4.9

NET LIABILITY AT 31 DECEMBER 2018

147.5

115.3

41.3

308.3

129

SOPRA STERIA REGISTRATION DOCUMENT 2018