Sopra Steria - 2019 Universal registration document
5 2019 CONSOLIDATED FINANCIAL STATEMENTS Notes to the consolidated financial statements
Change in pension assets and liabilities in France c.
France 31/12/2019
France 31/12/2018
(in millions of euros)
Present value of the obligation at the beginning of the period
117.4
114.1
Changes in scope Current service cost
5.0 8.9
0.1 8.3
Past service cost
-
-
Interest
2.2
2.0
Employee contributions
-
-
Effect of obligation remeasurements
8.7
-1.8 -0.6
Experience adjustments p
-2.0 -5.2 15.9
Impact of changes in demographic assumptions p Impact of changes in financial assumptions p
0.7
-1.9
Plan amendments
- -
- -
Transfers
Benefits provided
-2.2
-5.3
PRESENT VALUE OF THE OBLIGATION AT THE END OF THE PERIOD
139.9
117.4
Fair value of plan assets at the beginning of the period
2.1
2.0
Changes in scope
- - - - - - - - -
- - - - - - - - - -
Translation adjustments
Interest
Effects of plan asset remeasurements
Return on plan assets (excluding amounts included in interest income) p
Impact of changes in financial assumptions p
Employer contributions Employee contributions
Transfers
Benefits provided
-0.2 1.9
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 €8.8 million or increase it by €9.6 million, respectively. The retirement bonus obligation in France breaks down as follows by maturity:
31/12/2019
31/12/2018
(in millions of euros)
Present value of theoretical benefits payable by the employer: Less than 1 year p
2.5
2.3
1 to 5 years p 5 to 10 years p 10 to 20 years p
16.2 36.2 59.8 25.2
11.3 30.3 50.2 23.2
More than 20 years p TOTAL OBLIGATION
139.9
117.4
174
SOPRA STERIA UNIVERSAL REGISTRATION DOCUMENT 2019
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