| 2020 | ||||
|---|---|---|---|---|
| (in millions of euros) | France | United Kingdom | Other | Total |
| Current service cost | (663) | (262) | (28) | (953) |
| Past service cost | - | - | - | - |
| Actuarial gains and losses – other long-term benefits | (146) | - | - | (146) |
| Net expenses recorded as operating expenses | (809) | (262) | (28) | (1,099) |
| Interest expense (discount effect) | (432) | (194) | (11) | (637) |
| Return on fund assets | 160 | 215 | 3 | 378 |
| Net interest expense included in financial result | (272) | 21 | (8) | (259) |
| EMPLOYEE BENEFIT EXPENSES RECORDED IN THE INCOME STATEMENT | (1,081) | (241) | (36) | (1,358) |
| Actuarial gains and losses – post-employment benefits | (2,356) | (896) | (41) | (3,293) |
| Actuarial gains and losses on fund assets | 1,204 | 1,179 | 7 | 2,390 |
| Actuarial gains and losses | (1,152) | 283 | (35) | (903) |
| Translation adjustments | - | (58) | 1 | (57) |
| GAINS AND LOSSES ON EMPLOYEE BENEFITS RECORDED DIRECTLY IN EQUITY | (1,152) | 225 | (34) | (960) |
In 2021, actuarial gains and losses on post-employment benefits and other long- term employee benefits recognised in profit and loss amount to €110 million (€(129) million for long-term employee benefits and €239 million for post-employment benefit obligations), including:
The actuarial gains and losses on obligations generated over 2020 amount to €(2,502) million in France and are mainly associated with changes in the discount rate, the inflation rate and experience adjustments.
The actuarial gains and losses on obligations in France are as follow:
| (in millions of euros) | 2021 | 2020 |
|---|---|---|
| Experience adjustments |
Experience adjustments 2021 437 |
Experience adjustments 2020 (355) |
| Changes in demographic assumptions |
Changes in demographic assumptions 2021 1 |
Changes in demographic assumptions 2020 - |
| Changes in financial assumptions* |
Changes in financial assumptions* 2021 (671) |
Changes in financial assumptions* 2020 (2,147) |
| ACTUARIAL GAINS AND LOSSES ON OBLIGATIONS |
ACTUARIAL GAINS AND LOSSES ON OBLIGATIONS 2021 (233) |
ACTUARIAL GAINS AND LOSSES ON OBLIGATIONS 2020 2,502 |
| Including: |
Including: 2021
|
Including: 2020
|
| Actuarial gains and losses on post-employment benefits |
Actuarial gains and losses on post-employment benefits 2021 (110) |
Actuarial gains and losses on post-employment benefits 2020 (2,356) |
| Actuarial gains and losses on other long-term benefits |
Actuarial gains and losses on other long-term benefits 2021 (123) |
Actuarial gains and losses on other long-term benefits 2020 (146) |
* Financial assumptions mainly concern the discount rate, inflation rate and wage increase rate.
The two operating segments “France – Generation and Supply” and “France – Regulated activities” (see note 4.1) are combined here into a single subtotal, “France”, which primarily includes EDF and Enedis. Almost all of these companies’ employees have IEG status, including the special IEG pension and other IEG benefits.
| (in millions of euros) | 31/12/2021 | 31/12/2020 |
|---|---|---|
| Current employees |
Current employees 31/12/2021 18,463 |
Current employees 31/12/2020 20,477 |
| Retirees |
Retirees 31/12/2021 16,973 |
Retirees 31/12/2020 15,012 |
| OBLIGATIONS |
OBLIGATIONS 31/12/2021 35,436 |
OBLIGATIONS 31/12/2020 35,489 |
