278
Annual Report -
2013
-
Vivendi
4
Financial Report | Statutory Auditors’ Report on the Consolidated Financial Statements |
Consolidated
Financial Statements
| Statutory Auditors’ Report on the Financial Statements | Statutory Financial Statements
Note 21. Employee benefits
(in millions of euros)
Note
Employee defined benefit plans
Year ended December 31, 2012
Benefit obligation
Fair value of plan
assets
Net (provisions)/
assets recorded in
the Statement of
Financial Position
(A)
(B)
(B)-(A)
Balance as of December 31, 2011 – as published
(428)
Unrecognized actuarial losses/(gains) reported in consolidated retained earnings
(126)
Balance as of January 1, 2012
826
272
(554)
Current service cost
19
(19)
Past service cost
(21)
21
(Gains)/losses on settlements
-
Other
1
(1)
Impact on selling, administrative and general expenses
1
Interest cost
38
(38)
Expected return on plan assets
13
13
Impact on other financial charges and income
(25)
Net benefit cost recognized in profit and loss
(24)
Experience gains/(losses)
(a)
(15)
13
28
Actuarial gains/(losses) related to changes in demographic assumptions
(1)
1
Actuarial gains/(losses) related to changes in financial assumptions
111
(111)
Adjustment related to asset ceiling
-
Actuarial gains/(losses) recognized in other comprehensive income
(82)
Contributions by plan participants
1
1
-
Contributions by employers
(2)
61
63
Benefits paid from the fund
(7)
(7)
-
Benefits paid by the employer
(34)
(34)
-
Business combinations
(b)
111
51
(60)
Divestitures of businesses
-
Transfers
-
Other (of which foreign currency translation adjustments)
(7)
(3)
4
Reclassification to assets held for sale
-
Closing balance
1,020
367
(653)
of which wholly or partly funded benefits
533
wholly unfunded benefits
(c)
487
of which assets related to employee benefit plans
9
provisions for employee benefit plans
(d)
20
(662)
(a)
Includes the impact on the benefit obligation resulting from the difference between benefits estimated at the previous year-end and benefits paid
during the year, and the difference between the expected return on plan assets at the previous year end and the actual return on plan assets during
the year.
(b)
Relates to the impact of the acquisition on September 28, 2012 of EMI Recorded Music on the value of the obligations, plan assets, and
underfunded obligation.
(c)
In accordance with local laws and practices, certain plans are not covered by pension funds. As of December 31, 2013 and December 31, 2012,
they principally comprise supplementary pension plans in the United States, pension plans in Germany and post-retirement benefit plans in the
United States.
(d)
Includes a current liability of €55 million as of December 31, 2013 (compared to €46 million as of December 31, 2012).
