Plastic Omnium - 2018 Registration Document

4 2018 CONSOLIDATED FINANCIAL STATEMENTS Consolidated financial statements at December 31, 2018 www.plasticomnium.com PLASTIC OMNIUM 2018 REGISTRATION DOCUMENT 194 CHANGES IN BALANCE SHEET COMMITMENTS AND BENEFIT COSTS CORRESPONDING TO THE DEFINED BENEFIT PLANS 5.2.6.2 The balance sheet amounts for these benefits are as follows: In thousands of euros Post-employment benefit plans Other long-term benefits Total December 31, 2018 December 31, 2017 December 31, 2016 December 31, 2018 December 31, 2017 December 31, 2016 December 31, 2018 December 31, 2017 December 31, 2016 Projected benefit obligation at January 1 154,399 150,173 135,123 4,323 4,876 5,678 158,722 155,051 140,802 Service cost 9,560 11,108 8,929 232 263 658 9,792 11,371 9,587 Interest cost 3,846 3,626 3,881 46 44 94 3,892 3,670 3,975 Curtailments, settlements and other 632 (1,579) (65) (239) 567 (1,818) Actuarial gains and losses (4,801) 1,172 12,411 (117) (466) 197 (4,918) 706 12,608 Of which, experience adjustments 2,009 (1,715) 705 (74) (327) (137) 1,935 (2,042) 568 Benefits paid from plan assets (979) (368) (711) 5 21 5 (974) (347) (706) Benefits paid by the Company (700) (1,920) (2,050) (121) (324) (436) (821) (2,244) (2,486) Change in scope (9,703) 572 (0) (898) (163) (0) (10,601) 409 Consolidation of Modules 964 964 IFRS 5 Reclassifications (11,421) 9,057 (9,057) (1,157) 933 (933) (12,578) 9,990 (9,990) Translation adjustment 3,616 (9,378) 2,654 23 (61) 15 3,639 (9,439) 2,669 Projected benefit obligation at December 31 154,484 154,399 150,173 3,233 4,323 4,876 157,717 158,722 155,049 Change in projected benefit obligation 85 4,226 15,050 (1,090) (553) (802) (1,005) 3,671 14,247 Fair value of plan assets at January 1 52,206 45,331 38,811 52,206 45,331 38,811 Return on plan assets 1,581 1,392 1,328 1,581 1,392 1,328 Employer contributions 1,179 6,655 4,996 1,179 6,655 4,996 Actuarial gains and losses (2,480) 3,568 (459) (2,480) 3,568 (459) Benefit payments funded by plan assets (829) (514) (405) (829) (514) (405) IFRS 5 Reclassifications (707) (707) Translation adjustment 1,583 (4,226) 1,060 1,583 (4,226) 1,060 Fair value of plan assets at December 31 52,533 52,206 45,331 52,533 52,206 45,331 Change in fair value of plan assets 327 6,875 6,520 327 6,875 6,520 EXCESS OF PROJECTED BENEFIT OBLIGATION OVER PLAN ASSETS = NET PROVISION RECORDED IN THE BALANCE SHEET 101,951 102,194 104,842 3,233 4,323 4,876 105,184 106,517 109,718 of which France ● 43,372 47,720 50,026 2,283 3,047 3,496 45,655 50,767 53,522 of which Europe excluding ● France 9,303 9,927 10,947 428 827 880 9,731 10,754 11,827 of which United States ● 38,296 35,224 34,842 522 449 500 38,818 35,673 35,342 of which other regions ● 10,980 9,323 9,027 10,980 9,323 9,027 The present value of partially hedged commitments amounted to €105,450 thousand at December 31, 2018, including €13,844 thousand for French plans and €73,230 thousand the United States plans. As of December 31, 2017, the present value of partially funded liabilities amounted to €99,903 thousand, including €12,712 thousand for France and €70,221 thousand for the United States plans. In 2018: The decrease in the value of the commitments is related to the disposal of the Environment Division and the increase in the discount rate in the United States. In 2017: The decline in the value of commitments is mainly linked to the increase in the discount rate in Europe.