2020 Annual Financial Report

Chapter 6 : 2020 Consolidated financial statements

/Change in the fair value of plan assets
 

December 31, 2020

December 31, 2019

(in millions of euros)

Pension plans

Medical cover

Total

Pension plans

Medical cover

Total

Fair value of plan assets at start of year

Fair value of plan assets at start of year

December 31, 2020

529

Fair value of plan assets at start of year

December 31, 2019

-

529

474

-

474

Actuarial return on plan assets

Actuarial return on plan assets

December 31, 2020

30

Actuarial return on plan assets

December 31, 2019

-

3070-70

Employer contributions

Employer contributions

December 31, 2020

34

Employer contributions

December 31, 2019

1

3529231

Administrative fees

Administrative fees

December 31, 2020

(2)

Administrative fees

December 31, 2019

-

(2)(2)1(1)

Acquisitions, disposals

Acquisitions, disposals

December 31, 2020

(3)

Acquisitions, disposals

December 31, 2019

-

(3)---

Benefits paid

Benefits paid

December 31, 2020

(59)

Benefits paid

December 31, 2019

(1)

(60)(62)(2)(64)

Translation adjustments

Translation adjustments

December 31, 2020

(33)

Translation adjustments

December 31, 2019

-

(33)19-19

Fair value of plan assets at year-end

Fair value of plan assets at year-end

December 31, 2020

496

Fair value of plan assets at year-end

December 31, 2019

-

496

528

1

529

Surplus (deficit)

Surplus (deficit)

December 31, 2020

(227)

Surplus (deficit)

December 31, 2019

(22)

(249)

(223)

(23)

(246)

Effect of ceiling on value of assets

Effect of ceiling on value of assets

December 31, 2020

(58)

Effect of ceiling on value of assets

December 31, 2019

-

(58)(56)-(56)

Net provision for defined benefit pension liabilities and post-employment medical care

Net provision for defined benefit pension liabilities and post-employment medical care

December 31, 2020

(285)

Net provision for defined benefit pension liabilities and post-employment medical care

December 31, 2019

(22)

(307)

(279)

(23)

(302)

Provision for other long-term benefits

Provision for other long-term benefits

December 31, 2020

(11)

Provision for other long-term benefits

December 31, 2019

-

(11)(11)-(11)

Total provisions for retirement benefit obligations, other post-employment and long-term benefits

Total provisions for retirement benefit obligations, other post-employment and long-term benefits

December 31, 2020

(296)

Total provisions for retirement benefit obligations, other post-employment and long-term benefits

December 31, 2019

(22)

(318)

(290)

(23)

(313)

/Pension expenses and other post-employment benefits
 

December 31, 2020

December 31, 2019

(in millions of euros)

Pension plans

Medical cover

Total

Pension plans

Medical cover

Total

Cost of services rendered during the year

Cost of services rendered during the year

December 31, 2020

(27)

Cost of services rendered during the year

December 31, 2019

-

(27)(25)-(25)

Financial expenses

Financial expenses

December 31, 2020

(6)

Financial expenses

December 31, 2019

(1)

(7)(7)(1)(8)

Defined benefit plan expense

Defined benefit plan expense

December 31, 2020

(33)

Defined benefit plan expense

December 31, 2019

(1)

(34)

(32)

(1)

(33)

Cost of other plans (including defined contribution plans) and other benefits

Cost of other plans (including defined contribution plans) and other benefits

December 31, 2020

(120)

Cost of other plans (including defined contribution plans) and other benefits

December 31, 2019

-

(120)(119)-(119)

Administrative fees excluding plan management fees

Administrative fees excluding plan management fees

December 31, 2020

(2)

Administrative fees excluding plan management fees

December 31, 2019

-

(2)(1)-(1)

Total retirement costs recognized in the income statement

Total retirement costs recognized in the income statement

December 31, 2020

(155)

Total retirement costs recognized in the income statement

December 31, 2019

(1)

(156)

(152)

(1)

(153)