2012 Registration document and annual financial report - BNP Paribas

CONSOLIDATED FINANCIAL STATEMENTS - YEAR ENDED 31 DECEMBER 2012Notes to the financial statements4The following table shows the actuarial gains and losses:Post-employment benefitsIn millions of euros31 December 2012 31 December 2011CUMULATIVE UNRECOGNISED ACTUARIAL LOSSES (393) (243)NET ACTUARIAL LOSSES GENERATED OVER THE PERIOD (48) (258)of which actuarial (losses)/gains on plan assets or reimbursement rights 236 (51)of which actuarial losses from changes in actuarial assumptions on obligation (393) (275)of which experience gains on obligation 109 687.c OTHER LONG-TERM BENEFITSBNP Paribas offers its employees various long-term benefits, mainlylong-service awards, the ability to save up paid annual leave in timesavings accounts, and certain guarantees protecting them in the eventthey become incapacitated.pursuant to special regulatory frameworks. Under these plans, paymentis deferred over time and is subject to the performance achieved by thebusiness lines, divisions and Group.As part of the Group’s variable compensation policy, annual deferredcompensation plans are set up for certain high-performing employees or4In millions of euros 31 December 2012 31 December 2011Net provisions for the long-term benefits 956 864Asset recognised in the balance sheet under the other long-term benefits (102) (108)Obligation recognised in the balance sheet under the other long-term benefits 1,058 9727.d TERMINATION BENEFITSBNP Paribas has implemented a number of voluntary redundancy plansand headcount adaptation plan for employees who meet certain eligibilitycriteria. The obligations to eligible active employees under such plansare provided for where the plan is the subject of a bilateral agreementor a draft bilateral agreement.In millions of euros 31 December 2012 31 December 2011Provision for volontary departure, early retirement plans, and headcount adaptation plan 470 5332012 Registration document and annual financial report - BNP PARIBAS 171