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 196 CHANGES IN NET BALANCE SHEET AMOUNTS OF THE BENEFITS 5.2.6.5 Changes in net balance sheet positions related to the full range of 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 Net projected benefit obligation at January 1 102,194 104,842 96,312 4,323 4,876 5,679 106,516 109,718 101,991 Expense/income for the year Service cost 9,560 11,108 8,929 232 263 658 9,792 11,371 9,587 Curtailments, settlements and other 632 (1,579) (65) (239) 567 (1,818) Benefits paid by the Company (700) (1,920) (2,050) (121) (324) (436) (821) (2,244) (2,486) Actuarial gains and losses (8) (153) (431) 269 (153) (431) 261 Benefit payments funded by assets (150) 146 (307) 5 21 5 (145) 167 (302) Employer contributions (1,179) (6,655) (4,996) (1,179) (6,655) (4,996) NET NON-RECURRING POST-EMPLOYMENT BENEFIT PLAN COSTS RECORDED IN OPERATING EXPENSES (1) 7,530 3,311 (11) (37) (536) 256 7,493 2,775 245 Interest cost 3,846 3,626 3,881 46 44 94 3,892 3,670 3,975 Expected return on plan assets (1,581) (1,392) (1,328) (1,581) (1,392) (1,328) INTEREST COSTS OF POST-EMPLOYMENT BENEFIT OBLIGATIONS (2) 2,265 2,234 2,553 46 44 94 2,311 2,278 2,647 Balance sheet impact Change in scope 964 (9,703) 572 (898) (163) 964 (10,601) 409 IFRS 5 reclassification (10,714) 9,057 (9,057) (1,157) 933 (933) (11,871) 9,990 (9,990) Actuarial gains and losses (2,321) (2,396) 12,878 36 (35) (72) (2,285) (2,431) 12,806 Translation adjustment 2,032 (5,152) 1,594 23 (61) 15 2,055 (5,213) 1,609 BALANCE SHEET IMPACT (10,039) (8,194) 5,987 (1,098) (61) (1,153) (11,137) (8,255) 4,835 NET PROJECTED BENEFIT OBLIGATION AT DECEMBER 31 101,950 102,194 104,842 3,234 4,323 4,876 105,184 106,516 109,718 No expense recognized as other operating income and expenses for 2018 versus €65 thousand for 2017. (1) See Interest costs of post-employment benefit obligations in Note 4.7 on “Net Financial Income”. (2) HEALTHCARE COST SENSITIVITY TESTS IN THE UNITED STATES 5.2.6.6 The following table shows the impact of a 1-point change in the rate of growth of health care costs in the United States: In thousands of euros December 31, 2018 December 31, 2017 Increase Decrease Increase Decrease Effect on provisions for post-employment benefit obligations 651 (298) 500 (633) BREAKDOWN OF PLAN ASSETS BY CATEGORY 5.2.6.7 The funded plan assets at fair value – mainly in the United States – break down as follows by category: In thousands of euros December 31, 2018 December 31, 2017 Equities 24,854 25,083 Bonds 15,019 15,252 Real estate 856 598 Other 11,803 11,274 TOTAL 52,533 52,206