Worldline - 2019 Universal Registration Document

E

FINANCIALS Consolidated financial statements

These combined events led to an increase in pension liabilities of about € 3.5 million, recorded under the Profit and Loss account.

Worldline set up an independent collective foundation in Switzerland through Valitas for the management of the risks of old age, death and disability benefits for employees of SIX Payment Services, with full implementation in 2020.

Amounts recognized in the financial statements The amounts recognized in the balance sheet as at December 31, 2019 rely on the following components, determined at each benefit plan’s level:

As at December 31, 2019

As at December 31, 2018

(In € million)

Amounts recognized in financial statements consist of: Prepaid pension asset – post employment plans

16.4

8.9

-153.0

Accrued liability – post employment plans Accrued liability – other long term benefits Net amounts recognized – Total Components of net periodic cost Service cost (net of employees contributions)

-119.1

-6.9

-6.5

-143.5

-116.7

21.7

9.5 0.0 -0.1 9.4

3.5 0.5

Past service cost, Settlements

Actuarial (gain)/loss in other long term benefits

25.7

Operating expense

8.3

Interest cost

4.7

-6.0

Interest income

-2.8

2.3

Financial expense

1.9

Net periodic pension cost – Total expense/(profit)

28.0

11.3 11.0

Of which, net periodic pension cost – post employment plans Of which, net periodic pension cost – other long term benefits Change in defined benefit obligation Defined benefit obligation – post employment plans at January 1 Defined benefit obligation – other long term benefits at January 1

27.1

0.8

0.3

536.1

251.9

6.5

3.5

Total Defined Benefit Obligation at January 1

542.6

255.4

13.4 21.2

Exchange rate impact

3.7 9.2 4.7 1.0 0.0

Service cost (net of employees contributions)

8.3 6.8 3.5

Interest cost

Employees contributions

Past service cost, Settlements Business combinations/(disposals)

-0.4 -11.0 53.7 -0.4 -2.3

273.4

Benefits paid

-8.7 -1.4 -1.8

Actuarial (gain)/loss – change in financial assumptions Actuarial (gain)/loss – change in demographic assumptions

Actuarial (gain)/loss – experience results

7.0 0.1

0.1

Other movements

Defined benefit obligation at December 31

635.5

542.6

278

Universal Registration Document 2019