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

Made with FlippingBook - Online catalogs