Sopra Steria - 2018 Registration document

2018 CONSOLIDATED FINANCIAL STATEMENTS Notes to the consolidated financial statements

At 31 December 2018, one plan was in a net asset position, totalling €2.0 million. This asset is deemed recoverable through a future decrease in contributions.

c. Change in pension assets and liabilities in France

Retirement bonuses – France 31/12/2018

Retirement bonuses – France 31/12/2017

(in millions of euros)

Present value of the obligation at the beginning of the period

114.1

106.9

Changes in scope Current service cost

0.1 8.3

2.3 8.2

Past service cost

-

-

Interest

2.0

1.9

Employee contributions

-

-

Effect of obligation remeasurements

-1.8 -0.6

-3.2 -1.2 -1.7 -0.2

p Experience adjustments

p Impact of changes in demographic assumptions p Impact of changes in financial assumptions

0.7

-1.9

Plan amendments

- -

- -

Transfers

Benefits provided

-5.3

-1.9

PRESENT VALUE OF THE OBLIGATION AT THE END OF THE PERIOD

117.4

114.1

Fair value of plan assets at the beginning of the period

2.0

2.2

Changes in scope

- - - - - - - - - -

- - - - - - - - -

Translation adjustments

Interest

Effects of plan asset remeasurements

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

p Impact of changes in financial assumptions

Employer contributions Employee contributions

Transfers

Benefits provided

-0.2 2.0

FAIR VALUE OF PLAN ASSETS AT THE END OF THE PERIOD

2.1

For pension liabilities in France, a 0.50-point increase or decrease in the discount rate would decrease the benefit obligation by €7.5 million or increase it by €8.2 million, respectively. The retirement bonus obligation in France breaks down as follows by maturity:

31/12/2018

31/12/2017

(in millions of euros)

Present value of theoretical benefits to be paid by the employer:

Less than 1 year -1 to 5 years -5 to 10 years -10 to 20 years

2.3

1.9

p

11.3 30.3 50.2 23.2

10.4 28.6 49.2 23.9

p

p

p

p More than 20 years TOTAL OBLIGATION

117.4

114.1

132

SOPRA STERIA REGISTRATION DOCUMENT 2018