2018 Registration document and annual fi nancial report - BNP PARIBAS 239
4CONSOLIDATED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2018
4
Notes to the fi nancial statements
➤ CHANGE IN THE PRESENT VALUE OF THE DEFINED-BENEFIT OBLIGATION
In millions of euros Year to 31 Dec. 2018 Year to 31 Dec. 2017
PRESENT VALUE OF DEFINED-BENEFIT OBLIGATION AT START OF PERIOD 9,571 9,831
Current service cost 236 257
Interest cost 136 147
Past service cost (17) (1)
Settlements (32) (7)
Actuarial (gains)/losses on change in demographic assumptions (36) (58)
Actuarial (gains)/losses on change in fi nancial assumptions (400) 210
Actuarial (gains)/losses on experience gaps 50 51
Actual employee contributions 24 24
Benefi ts paid directly by the employer (110) (106)
Benefi ts paid from assets/reimbursement rights (455) (479)
Exchange rate (gains)/losses on obligation (11) (352)
(Gains)/losses on obligation related to changes in the consolidation scope (133) 54
PRESENT VALUE OF DEFINED-BENEFIT OBLIGATION AT END OF PERIOD 8,823 9,571
➤ CHANGE IN THE FAIR VALUE OF PLAN ASSETS AND REIMBURSEMENT RIGHTS
➤ COMPONENTS OF THE COST OF DEFINED-BENEFIT PLANS
In millions of euros
Plan assets Reimbursement rights
Year to 31 Dec. 2018
Year to 31 Dec. 2017
Year to 31 Dec. 2018
Year to 31 Dec. 2017
FAIR VALUE OF ASSETS AT START OF PERIOD 5,574 5,572 2,931 2,926
Expected return on assets 103 109 27 28
Settlements (50) (1)
Actuarial gains/(losses) on assets (56) 214 (64) 149
Actual employee contributions 14 14 10 10
Employer contributions 142 139 141 89
Benefi ts paid from assets (248) (259) (206) (220)
Exchange rate gains/(losses) on assets (67) (329)
Gains/(losses) on assets related to changes in the consolidation scope (61) 115 (51)
FAIR VALUE OF ASSETS AT END OF PERIOD 5,351 5,574 2,839 2,931
In millions of euros Year to 31 Dec. 2018 Year to 31 Dec. 2017
Service costs 237 250
Current service cost 236 257
Past service cost (17) (1)
Settlements 18 (6)
Net fi nancial expense 19 26
Interest cost 136 147
Interest income on plan asset 13 16
Interest income on reimbursement rights (103) (109)
Expected return on asset ceiling (27) (28)
TOTAL RECOGNISED IN SALARY AND EMPLOYEE BENEFIT EXPENSE 256 276
