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Friday, February 19, 2016
17.2.3 Analysis of net benefit obligations with respect to pensions and post-retirement benefits
Changes in value of benefit obligations, fair value of plan assets, and funded status
Employee defined benefit plans
Year ended December 31, 2015
Benefit obligation Fair value of plan
assets
Net (provision)/asset
recorded in the
statement of financial
position
(in millions of euros) Note (A) (B) (B)-(A)
Opening balance 1,005 404 (601)
Current service cost 14 (14)
Past service cost - -
(Gains)/losses on settlements - - -
Other 3 (1) (4)
Impact on selling, administrative and general expenses (18)
Interest cost 29 (29)
Expected return on plan assets 12 12
Impact on other financial charges and income (17)
Net benefit cost recognized in profit and loss (35)
Experience gains/(losses) (a) 29 19 (10)
Actuarial gains/(losses) related to changes in demographic assumptions (8) 8
Actuarial gains/(losses) related to changes in financial assumptions 15 (15)
Adjustment related to asset ceiling - - -
Actuarial gains/(losses) recognized in other comprehensive income (17)
Contributions by plan participants 1 1 -
Contributions by employers 48 48
Benefits paid by the fund (15) (15) -
Benefits paid by the employer (37) (37) -
Business combinations - - -
Divestitures of businesses - - -
Transfers - - -
Other (of which foreign currency translation adjustments) 49 27 (22)
Closing balance 1,085 458 (627)
of which wholly or partly funded benefits 645
wholly unfunded benefits (b) 440
of which assets related to employee benefit plans 19
provisions for employee benefit plans (c) 16 (646)
Financial Report and Audited Consolidated Financial Statements for the year ended December 31, 2015 Vivendi /76