2018 Registration document and annual fi nancial report - BNP PARIBAS238
4 CONSOLIDATED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2018
4
Notes to the fi nancial statements
Obligations under defined-benefit plans and other post-employment benefits
➤ ASSETS AND LIABILITIES RECOGNISED ON THE BALANCE SHEET
In millions of euros, at 31 December 2018
Defi ned- benefi t
obligation arising from
wholly or partially
funded plans
Defi ned- benefi t
obligation arising from
unfunded plans
Present value of
defi ned- benefi t
obligation Fair value of plan assets
Fair value of reimburse-
ment rights(1)
Effect of asset
ceiling Net
obligation
of which asset recognised in
the balance sheet for defi ned-
benefi t plans
of which net assets of defi ned-
benefi t plans
of which fair value of reimburse-
ment rights
of which obligation
recognised in the balance
sheet for defi ned-
benefi t plans
Belgium 3,049 21 3,070 (93) (2,838) 139 (2,838) (2,838) 2,977
UK 1,488 1 1,489 (1,716) (227) (234) (234) 7
France 1,193 106 1,299 (1,201) 98 (61) (61) 159
Switzerland 1,090 9 1,099 (976) 123 123
USA 538 77 615 (510) 105 105
Italy 357 357 357 357
Germany 121 60 181 (108) 73 73
Turkey 140 29 169 (366) 226 29 29
Others 503 41 544 (381) (1) 162 (6) (5) (1) 168
TOTAL 8,122 701 8,823 (5,351) (2,839) 226 859 (3,139) (300) (2,839) 3,998
In millions of euros, at 31 December 2017
Defi ned- benefi t
obligation arising from
wholly or partially
funded plans
Defi ned- benefi t
obligation arising from
unfunded plans
Present value of
defi ned- benefi t
obligation Fair value of plan assets
Fair value of reimburse-
ment rights(1)
Effect of asset
ceiling Net
obligation
of which asset recognised in
the balance sheet for defi ned-
benefi t plans
of which net assets of defi ned-
benefi t plans
of which fair value of reimburse-
ment rights
of which obligation
recognised in the balance
sheet for defi ned-
benefi t plans
Belgium 3,182 21 3,203 (70) (2,930) 203 (2,930) (2,930) 3,133
UK 1,681 1 1,682 (1,802) (120) (130) (130) 10
France 1,225 117 1,342 (1,223) 119 (50) (50) 169
Switzerland 1,059 10 1,069 (951) 118 118
USA 634 179 813 (575) 238 (6) (6) 244
Italy 368 368 368 368
Germany 122 60 182 (110) 72 72
Turkey 270 27 297 (422) 152 27 27
Others 481 134 615 (421) (1) 193 (5) (4) (1) 198
TOTAL 8,654 917 9,571 (5,574) (2,931) 152 1,218 (3,121) (190) (2,931) 4,339 (1) The reimbursement rights are principally found on the balance sheet of the Group s insurance subsidiaries and associated companies notably AG
Insurance with respect to BNP Paribas Fortis defi ned-benefi t plan to hedge their commitments to other Group entities that were transferred to them to cover the post-employment benefi ts of certain employee categories.
