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