Sopra Steria - 2019 Universal registration document
5 2019 CONSOLIDATED FINANCIAL STATEMENTS Notes to the consolidated financial statements
Change in net liabilities arising from the main post-employment benefit plans in financial year 2019 a.
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
0.08% to 1.09%
0.08% to 0.87%
0.40% to 6.35%
Discount rate Inflation rate
2.07% 2.02%
0.20%
N/A
N/A
2.00% to 2.50%
2.00% to 2.50% 60 to 65
3.00% to 7.00% Variable
Rate of salary increase
2.92%
Retirement age
65
65
Amounts recognised in the balance sheet Present value of the obligation at 31/12/2019
1,779.2 1,643.5
139.9
64.6
14.2 10.3
1,997.9 1,658.2
Fair value of plan assets at 31/12/2019
1.9
2.5
Net liabilities on the balance sheet at 31/12/2019
135.7
138.0
62.1
3.9
339.7
Net liability cost components Current service cost
4.0
8.9
0.2 1.5
0.9
14.0
Past service cost
- -
- -
- -
1.5
Losses/(gains) on plan settlements
-
-
Interest on obligation Interest on plan assets
44.2 -40.3
2.2
0.7
0.1
47.3 -40.4
-
-
-0.1
Total expenses recognised in the income statement
7.9 1.6
11.1
2.5 4.0
0.9 0.2
22.4 14.5
Effect of net liability remeasurements
8.7
Return on plan assets (excluding amounts included p in interest income)
-143.6 -14.2 -22.5 181.9
-
-
-0.3
-143.9 -16.7 -27.6 202.7
Experience adjustments p
-2.0 -5.2 15.9
-0.5
-
Impact of changes in demographic assumptions p Impact of changes in financial assumptions p Total expenses recognised directly in equity
-
0.1 0.5 0.2
4.5 4.0
1.6
8.7
14.5
Changes in net liabilities Net liability at 1 January 2019
147.5
115.3
41.3 15.9
4.2
308.3 20.9 22.4 14.5 -32.7 -32.7
Changes in scope
-
5.0
-
Net expense recognised in the income statement
7.9 1.6
11.1
2.5 4.0
0.9 0.2
Net expense recognised in equity
8.7
Contributions
-28.3 -28.3
-2.0 -2.0
-1.6 -1.6
-0.7 -0.7
Employer contributions p Employee contributions p
-
- - -
- - -
- -
-
Exchange differences Other movements
7.0
7.0
-
-0.7 3.9
-0.7
NET LIABILITY AT 31 DECEMBER 2019
135.7
138.0
62.1
339.7
171
SOPRA STERIA UNIVERSAL REGISTRATION DOCUMENT 2019
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