2012 Registration document and annual financial report - BNP Paribas

6INFORMATIONON THE PARENT COMPANY FINANCIAL STATEMENTSNotes to the parent company financial statementsNote 6. SALARIES AND EMPLOYEE BENEFITS6.a SALARIES AND EMPLOYEE BENEFIT EXPENSESIn millions of euros 2012 2011Salaries (3, 769) (3, 500)Tax and social security charges (1, 702) (1, 635)Employee profit-sharing and incentive plans (226) (189)TOTAL SALARIES AND EMPLOYEE BENEFIT EXPENSES (5, 697) (5, 324)The following table gives the breakdown of BNP Paribas SA’s employees.Headcount, at 31 December 2012 31 December 2011Employees in Metropolitan France 39, 736 40, 258Of which managers 22, 459 22, 335Employees outside Metropolitan France 9, 160 9, 526TOTAL BNP PARIBAS SA EMPLOYEES 48, 896 49, 7846.b EMPLOYEE BENEFIT OBLIGATIONS6Post-employment benefits under definedcontribution plansIn France, BNP Paribas SA pays contributions to various nationwide basicand top-up pension plans. BNP Paribas SA has set up a funded pensionplan under a company-wide agreement. Under this plan, employees willreceive an annuity upon retirement, in addition to the pension paid bynationwide plans.In the rest of the world, defined benefit plans have been closed to newemployees in most of the countries in which the Group operates (primarilythe United States, Germany, Luxembourg, the United Kingdom, Ireland,Norway, Australia and Hong Kong). These employees are now offereddefined contribution plans. Under these plans, the Group’s obligationis essentially limited to paying a percentage of the employee’s annualsalary into the plan.The amount paid into defined-contribution post-employment plansin France and other countries for the year to 31 December 2012was EUR 249 million, compared with EUR 243 million for the year to31 December 2011.Post-employment benefits under definedcontribution plansExisting legacy defined-benefit plans within BNP Paribas SA are valuedindependently using actuarial techniques by applying the projectedunit cost method in order to determine the expense arising from rightsvested in employees and benefits payable to retired employees. Thedemographic and financial assumptions used to estimate the presentvalue of these obligations and of plan assets take into account economicconditions specific to each country. Actuarial gains and losses outsidethe permitted 10% corridor are amortised. These gains and losses arecalculated separately for each defined-benefit plan.Provisions set up to cover obligations under defined benefitpostemployment plans totalled EUR 289 million at 31 December2012 (against EUR 447 million at 31 December 2011), comprised ofEUR 208 million for French plans and EUR 81 million for other plans.The surplus value of the Bank’s obligations under the correspondingretirement plans totalled EUR 60 million at 31 December 2012, fromEUR 101 million at 31 December 2011.3582012 Registration document and annual financial report - BNP PARIBAS