Actuarial gains and losses on obligations amount to €5,130 million for 2019, including:
Actuarial gains and losses on fund assets amount to €(2,668) million for 2019. They mainly result from a €(998) million change in the United Kingdom and a €(1,647) million change in France due to a very good performance on the equity markets.
Actuarial gains and losses on obligations amounted to €(3,898) million for 2018, including:
| (in millions of euros) | 2019 | 2018 |
|---|---|---|
| Current service cost | Current service cost 2019 (821) | Current service cost 2018 (1,018) |
| Past service cost | Past service cost 2019 3 | Past service cost 2018 (19) |
| Actuarial gains and losses – long-term benefits | Actuarial gains and losses – long-term benefits 2019 (205) | Actuarial gains and losses – long-term benefits 2018 20 |
| Net expenses recorded as operating expenses | Net expenses recorded as operating expenses 2019 (1,023) | Net expenses recorded as operating expenses 2018 (1,017) |
| Interest expense (discount effect) | Interest expense (discount effect) 2019 (931) | Interest expense (discount effect) 2018 (875) |
| Return on fund assets | Return on fund assets 2019 523 | Return on fund assets 2018 475 |
| Net interest expense included in financial result | Net interest expense included in financial result 2019 (408) | Net interest expense included in financial result 2018 (400) |
| EMPLOYEE BENEFIT EXPENSES RECORDED IN THE INCOME STATEMENT | EMPLOYEE BENEFIT EXPENSES RECORDED IN THE INCOME STATEMENT 2019 (1,431) | EMPLOYEE BENEFIT EXPENSES RECORDED IN THE INCOME STATEMENT 2018 (1,417) |
| Actuarial gains and losses – post-employment benefits | Actuarial gains and losses – post-employment benefits 2019 (5,130) | Actuarial gains and losses – post-employment benefits 2018 3,898 |
| Actuarial gains and losses on fund assets | Actuarial gains and losses on fund assets 2019 2,668 | Actuarial gains and losses on fund assets 2018 (746) |
| Translation adjustments | Translation adjustments 2019 46 | Translation adjustments 2018 (8) |
| Actuarial gains and losses | Actuarial gains and losses 2019 (2,462) | Actuarial gains and losses 2018 3,152 |
| GAINS AND LOSSES ON EMPLOYEE BENEFITS RECORDED DIRECTLY IN EQUITY | GAINS AND LOSSES ON EMPLOYEE BENEFITS RECORDED DIRECTLY IN EQUITY 2019 (2,416) | GAINS AND LOSSES ON EMPLOYEE BENEFITS RECORDED DIRECTLY IN EQUITY 2018 3,144 |
| (in millions of euros) | France | United Kingdom | Other | Total |
|---|---|---|---|---|
| Obligations at 31/12/2018 | Obligations at 31/12/2018 France 29,201 | Obligations at 31/12/2018 United Kingdom 8,248 | Obligations at 31/12/2018 Other 1,030 | Obligations at 31/12/2018 Total 38,479 |
| Net expense for 2019 | Net expense for 2019 France 1,436 | Net expense for 2019 United Kingdom 473 | Net expense for 2019 Other 45 | Net expense for 2019 Total 1,954 |
| Actuarial gains and losses | Actuarial gains and losses France 4,151 | Actuarial gains and losses United Kingdom 873 | Actuarial gains and losses Other 106 | Actuarial gains and losses Total 5,130 |
| Employees’ contributions to funds | Employees’ contributions to funds France - | Employees’ contributions to funds United Kingdom 11 | Employees’ contributions to funds Other 1 | Employees’ contributions to funds Total 12 |
| Benefits paid | Benefits paid France (1,478) | Benefits paid United Kingdom (369) | Benefits paid Other (281) | Benefits paid Total (2,128) |
| Translation adjustment | Translation adjustment France - | Translation adjustment United Kingdom 454 | Translation adjustment Other 1 | Translation adjustment Total 455 |
| Changes in scope of consolidation | Changes in scope of consolidation France - | Changes in scope of consolidation United Kingdom - | Changes in scope of consolidation Other - | Changes in scope of consolidation Total - |
| Other movements | Other movements France - | Other movements United Kingdom - | Other movements Other (3) | Other movements Total (3) |
| OBLIGATIONS AT 31/12/2019 | OBLIGATIONS AT 31/12/2019 France 33,310 | OBLIGATIONS AT 31/12/2019 United Kingdom 9,690 | OBLIGATIONS AT 31/12/2019 Other 899 | OBLIGATIONS AT 31/12/2019 Total 43,899 |
| Fair value of fund assets | Fair value of fund assets France (12,581) | Fair value of fund assets United Kingdom (10,712) | Fair value of fund assets Other (368) | Fair value of fund assets Total (23,661) |
| NET EMPLOYEE BENEFIT LIABILITY AT 31/12/2019 | NET EMPLOYEE BENEFIT LIABILITY AT 31/12/2019 France 20,729 | NET EMPLOYEE BENEFIT LIABILITY AT 31/12/2019 United Kingdom (1,022) | NET EMPLOYEE BENEFIT LIABILITY AT 31/12/2019 Other 531 | NET EMPLOYEE BENEFIT LIABILITY AT 31/12/2019 Total 20,238 |
| Including: | ||||
| Provisions for employee benefits | Provisions for employee benefits France 20,729 | Provisions for employee benefits United Kingdom 224 | Provisions for employee benefits Other 531 | Provisions for employee benefits Total 21,484 |
| Non-current financial assets(2) | Non-current financial assets (2)United Kingdom (1,246) | Non-current financial assets (2)Total (1,246) |
(1) France comprises the two operating segments “France – Generation and Supply” and “France – Regulated activities” (see note 34.2).
(2) At 31 December 2019, EDF Energy recognised surplus funding on its EEGSG and BEGG pension schemes (see note 34.3.1).
