2013 Registration document and annual financial report - page 266

Registration Document 2013
264
Financial Statemements
5
Consolidated Financial Statements And Notes
Reconciliation of provisions for pensions between January 1, 2012 and December 31, 2013
(in millions of euros)
Amount
PROVISIONAT JANUARY 1, 2012*
84
Expense for the period
13
Benefits paid
(9)
Actuarial gains and losses recognized in equity
27
Changes in exchange rates
0
Other
0
PROVISIONAT DECEMBER 31, 2012*
115
Expense for the period
(4)
Benefits paid
(6)
Actuarial gains and losses recognized in equity
(1)
Changes in exchange rates
(0)
Other
0
PROVISIONAT DECEMBER 31, 2013
104
* Adoption of the amendment to IAS 19 “Employee Benefits” from January 1, 2013 with retrospective application to the period presented led to the immediate recognition
in the opening statement of financial position at January 1, 2012 of all unrecognized past service costs.The effect of this change of method was a €9 million reduction in
provisions for pensions at January 1, 2012 and December 31, 2012.
Actuarial gains and losses related to changes in demographic and financial assumptions
and experience adjustment
(in millions of euros)
Dec. 2012
Dec. 2013
ACTUARIAL DEBT
Actuarial gains and losses related to experience adjustment
4
(1)
Actuarial gains and losses related to changes in demographic assumptions
-
0
Actuarial gains and losses related to changes in financial assumptions
33
(0)
FAIR VALUE ON ASSETS
Actuarial gains and losses related to experience adjustment
(10)
(0)
Detail of plan assets
The assets of insured defined benefit plans are invested in investment funds held by insurance companies in each of the countries
concerned except for Worldwide Structures.
The following table shows the breakdown of these plan assets by country (except for the Netherlands for which no information is available):
Detail of plan assets
(in millions of euros)
Germany
Belgium Switzerland
Worldwide Structures
Bonds
4
11
3
23
Real Estate
1
1
3
2
Shares
0
1
3
4
Liquidity
-
0
2
0
Other
0
0
0
0
TOTALVALUE OF PLANASSETS
5
13
11
29
1...,256,257,258,259,260,261,262,263,264,265 267,268,269,270,271,272,273,274,275,276,...344
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