Sopra Steria - 2018 Registration document

PARENT COMPANY FINANCIAL STATEMENTS Other information

6.5. Retirement benefit obligations

6.5.1. AMOUNTS RECOGNISED IN THE BALANCE SHEET

31/12/2018

31/12/2017

(in thousands of euros)

Present value of the obligation financed (with corridor)

71,398

67,575

Fair value of plan assets

- -

- -

Difference

Present value of the obligation financed Unrecognised actuarial losses (difference) Intercompany transfers and partial transfers of assets

71,398 -3,188

67,575 -3,749

-

-

Unrecognised past service cost

-413

-632

Net liability on the balance sheet (provision after charge for the year)

67,798

63,194

Balance sheet amounts

-

-

Liabilities

67,798

63,194

Assets

-

-

NET OBLIGATION IN THE BALANCE SHEET

67,798

63,194

6.5.2. AMOUNTS RECOGNISED IN THE INCOME STATEMENT

31/12/2018

31/12/2017

(in thousands of euros)

Current service cost Interest on obligation

5,043 1,195

5,141 1,119

Net actuarial losses recognised for the period

-

6

Past service cost

220

220

Losses/(gains) on curtailments and settlements Total recognised under Operating expenses

-

-

6,458

6,486

Actual return on plan assets

-

-

Net liability at the beginning of the period (with corridor)

63,193

57,888

Net expense recognised in the income statement

3,187

5,306

Contributions

-

- -

Intercompany transfers and partial transfers of assets NET LIABILITY AT THE END OF THE PERIOD

1,417

67,798

63,194

The calculation assumptions for this obligation were as follows:

p voluntary retirement age: 65; p salary increase rate: 2.5%;

p each employee is entitled to a retirement bonus;

p the amount payable is calculated as set out in the collective bargaining agreement covering the category of employees in question;

discount rate: 1.89%.

p

6.6. Employee share ownership plan

6.6.1. WE SHARE 2018 EMPLOYEE SHARE OWNERSHIP PLAN

enrolled in the Group savings plan (PEG) as well as employees of the Company’s subsidiaries in Belgium, Denmark, Germany, Italy, Luxembourg, the Netherlands, Norway, Poland, Singapore, Spain, Sweden, Switzerland and India that are enrolled in the international Group savings plan (PEGI).

On 18 January 2018, the Board of Directors decided to implement an employee share ownership plan reserved for employees of the Company and its majority-owned subsidiaries in France that are

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SOPRA STERIA REGISTRATION DOCUMENT 2018