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2014 Registration Document
Consolidated Financial Statements Year ended December 31, 2014
5
Notes to the Consolidated statements
2014
(in € millions)
France
Belgium
Italy Other countries
Group total
Actuarial (gain)/loss due to experience
(45)
0
(4)
(0)
(49)
Actuarial (gain)/loss due to demographic assumption
changes
22
0
0
1
24
Actuarial (gain)/loss due to financial assumption changes
174
39
16
(0)
229
Return on plan assets (Greater)/Less than Discount Rate
(2)
(5)
0
(0)
(8)
Changes in actuarial gains and losses
150
34
12
1
196
30.4
PLAN ASSETS
Change in the fair value of plan assets
(in € millions)
France
Belgium
Italy Other countries
Group total
Fair value at December 31, 2012
134
93
0
6
233
Effect of changes in scope of consolidation
0
0
0
0
0
Expected return on plan assets
3
3
0
0
6
Benefits paid out of plan assets
(30)
(13)
0
(0)
(43)
Actuarial gain/(loss)
1
4
0
0
5
Other
0
5
0
(1)
4
Fair value at December 31, 2013
108
92
0
4
204
Effect of changes in scope of consolidation
1
0
0
0
1
Expected return on plan assets
3
3
0
(0)
6
Benefits paid out of plan assets
(21)
(12)
0
(1)
(34)
Actuarial gain/(loss)
2
5
0
0
8
Other
1
0
0
3
5
Fair value at December 31, 2014
93
89
0
6
188
Plan assets break down as follows by asset class:
December 31, 2014
December 31, 2013
Bonds
Equities
Real estate
and other
Bonds
Equities
Real estate
and other
France
68%
4%
28%
65%
16%
18%
Belgium
72%
20%
9%
70%
20%
10%
All bonds and equities held in plan asset portfolios are listed securities.