Plastic Omnium - 2020 Universal Registration Document

CONSOLIDATED FINANCIAL STATEMENTS 2020 Consolidated financial statements at December 31, 2020 PLASTIC OMNIUM UNIVERSAL REGISTRATION DOCUMENT 2020 241 CHANGES IN NET BALANCE SHEET BENEFIT POSITIONS 5.2.5.5 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 Dec. 31, 2020 Dec. 31, 2019 Dec. 31, 2018 Dec. 31, 2020 Dec. 31, 2019 Dec. 31, 2018 Dec. 31, 2020 Dec. 31, 2019 Dec. 31, 2018 Net projected benefit obligation at January 1 103,979 101,950 102,194 3,691 3,234 4,323 107,670 105,183 106,517 Expense/income for the year Service cost 6,857 8,055 9,560 285 272 232 7,142 8,327 9,792 Curtailments, settlements and other (2,409) (14,160) - - - - (2,409) (1) (14,160) - Benefits paid by the Company (4,792) (1,500) (700) (180) (328) (121) (4,972) (1,828) (821) Actuarial gains and losses - - - - - (153) - - (153) Benefit payments funded by assets 2,569 (840) (150) 5 5 5 2,574 (835) (145) Employer contributions (11,711) (2) (1,179) - - - (11,711) (2) (1,179) NET NON-RECURRING POST-EMPLOYMENT BENEFIT PLAN COSTS RECORDED IN OPERATING EXPENSES (9,486) (8,447) 7,530 110 (51) (37) (9,376) (8,498) 7,493 Interest cost 2,980 4,016 3,846 15 66 46 2,995 4,082 3,892 Expected return on plan assets (1,546) (1,787) (1,581) - - - (1,546) (1,787) (1,581) INTEREST COSTS OF POST-EMPLOYMENT BENEFIT OBLIGATIONS (1) 1,434 2,229 2,265 15 66 46 1,449 (1) 2,295 2,311 Balance sheet impact Pension plan asset contribution - (7,727) - - - - - (7,727) - Change in scope - - 964 - - - - - 964 IFRS 5 reclassification - - (10,714) - - (1,157) - - (11,871) Actuarial gains and losses 3,868 15,099 (2,321) (209) 433 36 3,659 15,532 (2,285) Translation adjustment (3,023) 875 2,032 (48) 9 23 (3,071) 884 2,055 BALANCE SHEET IMPACT 845 8,247 (10,039) (257) 442 (1,098) 588 8,689 (11,137) NET PROJECTED BENEFIT OBLIGATION AT DECEMBER 31 96,772 103,979 101,950 3,559 3,691 3,234 100,331 107,670 105,183 See “Interest on post-employment benefit obligations” in Note 4.7 on ‘‘Net Financial Income’’. (1) HEALTHCARE COST SENSITIVITY TESTS IN THE UNITED STATES 5.2.5.6 The following table shows the impact of a 1-point change in the rate of increase of health care costs in the United States: In thousands of euros December 31, 2020 December 31, 2019 Increase Decrease Increase Decrease Effect on provisions for post-employment benefit obligations 597 (758) 669 (847) BREAKDOWN OF PLAN ASSETS BY CATEGORY 5.2.5.7 The funded plan assets at fair value break down by category as follows: In thousands of euros December 31, 2020 December 31, 2019 Equities 36,812 33,853 Bonds 22,558 19,843 Real estate 5,128 1,199 Other 15,339 13,673 TOTAL 79,837 68,568