275
VIVENDI
l
2012
l Annual Report
FINANCIAL REPORT – CONSOLIDATED FINANCIAL STATEMENTS – STATUTORY AUDITORS’ REPORT ON THE
CONSOLIDATED FINANCIAL STATEMENTS – STATUTORY AUDITORS’ REPORT ON THE FINANCIAL STATEMENTS –
STATUTORY FINANCIAL STATEMENTS
4
4
III - CONSOLIDATED FINANCIAL STATEMENTS FOR THE YEAR ENDED DECEMBER 31, 2012
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
Note 20 Employee benefits
CHANGES IN VALUE OF BENEFIT OBLIGATIONS, FAIR VALUE OF PLAN ASSETS, AND FUNDED STATUS
(in millions of euros)
Note
Employee defined benefit plans
Year ended December 31, 2012
Benefit
obligation
Fair value of
plan assets
Under-
funded
obligation
Unrecognized
actuarial
(gains)/losses
and past
service cost
Adjustment
related to
asset ceiling
Net
(provision)/
asset
recorded in
the statement
of financial
position
(A)
(B) (C)=(B)-(A)
(D)
(E)
(C)+(D)+(E)
Opening balance
826
272
(554)
126
-
(428)
Current service cost
19
(19)
(19)
Amortization of actuarial (gains)/losses
(8)
(8)
Amortization of past service cost
(1)
(1)
Effect of curtailments
(21)
21
(9)
12
Effect of settlements
-
Adjustment related to asset ceiling
-
Impact on selling, administrative and general expenses
(16)
Interest cost
38
(38)
(38)
Expected return on plan assets
12
12
12
Impact on other financial charges and income
(26)
Net benefit cost
(42)
Acturial gains/(losses) arising from changes
in demographic assumptions
1
(1)
1
-
Acturial gains/(losses) arising from changes
in financial assumptions
106
(106)
106
-
Experience gains/(losses)
(a)
(13)
13
26
(26)
-
Benefits paid
(43)
(43)
-
Contributions by plan participants
1
1
-
Contributions by employers
63
63
63
Plan amendments
1
(1)
1
-
Business combinations
(b)
111
51
(60)
(60)
Divestitures of businesses
-
Transfers
-
Other (foreign currency translation adjustments)
(6)
(2)
4
(1)
3
Closing balance
1,020
367
(653)
189
-
(464)
Of which wholly or partly funded benefits
533
wholly unfunded benefits
(c)
487
Of which assets related to employee benefit plans
35
provisions for employee benefit plans
(d)
19
(499)
I...,265,266,267,268,269,270,271,272,273,274 276,277,278,279,280,281,282,283,284,285,...374