Sopra Steria - 2019 Universal registration document

5 2019 CONSOLIDATED FINANCIAL STATEMENTS Notes to the consolidated financial statements

Changes in scope essentially comprised the acquisitions of SAB in France and of Sopra Financial Technology in Germany. For reference, net liabilities arising from the main post-employment benefit plans changed as follows 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

1.66% to 1.89%

1.24% to 1.66%

0.80% to 7.09%

Discount rate Inflation rate

2.89% 3.15%

0.20%

N/A

N/A

2.00% to 2.50%

2.00% to 2.50% 60 to 65

3.00% to 9.00% Variable

Rate of salary increase

3.15%

Retirement age

Variable

65

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 15.7

1,722.6 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

-

-

-0.2

Total expenses recognised in the income statement

9.4

10.2 -1.9

0.8 -0.4

1.3 0.2

21.8 -36.8

Effect of net liability remeasurements

-34.7

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

58.5 11.6 -9.8 -95.1 -34.7

-

-

-0.6

57.9 11.5 -8.8 -97.3 -36.8

Experience adjustments p

-0.6

-0.1

0.6 0.2

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

Employer contributions p Employee contributions p

-

- - -

- - -

- -

-

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

172

SOPRA STERIA UNIVERSAL REGISTRATION DOCUMENT 2019