Worldline - 2020 Universal Registration Document

E

FINANCIALS Consolidated financial statements

resulting increase in the pension liability has been recognized through Other Comprehensive Income (OCI). The acquisition of Ingenico on November 1, 2020 led to an increase in liabilities (mainly in Germany and the UK) of € 106.1 million, covered by € 47.7 million of plan assets.

As part of the BCB transaction, both pension past service accruals and pension assets transferred to Worldline in Germany along with the employees. This led to an increase in liabilities of € 14 million, covered by € 13 million of plan assets.

Amounts recognized in the financial statements The amounts recognized in the balance sheet as at December 31, 2020 rely on the following components, determined at each benefit plan’s level:

As at December 31, 2020

As at December 31, 2019

(In € million)

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

16.4

Accrued liability – post employment plans Accrued liability – other long term benefits

-240.0

-153.0

-7.3

-6.9

Net amounts recognized – Total

-247.3

-143.5

Components of net periodic cost Service cost (net of employees contributions)

25.6

21.7

Past service cost, Settlements

3.5 0.5

Actuarial (gain)/loss in other long term benefits

0.6

Operating expense

26.2

25.7

Interest cost

5.4

8.3

Interest income

-3.6

-6.0

Financial expense

1.8

2.3

Net periodic pension cost – Total expense/(profit)

28.0 27.3

28.0

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

0.7

0.8

628.6

536.1

6.9

6.5

Total Defined Benefit Obligation at January 1

635.5

542.6

Exchange rate impact

-4.1 25.2

13.4 21.2

Service cost (net of employees contributions)

Interest cost

5.4 7.1

8.3 6.8 3.5

Employees contributions

Past service cost, Settlements Business combinations/(disposals)

120.5 -20.7

-0.4 -11.0 53.7 -0.4 -2.3

Benefits paid

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

29.1 -0.1 10.7

Actuarial (gain)/loss – experience results

Other movements

0.1

0.1

Defined benefit obligation at December 31

808.7

635.5

288

Universal Registration Document 2020