Universal Registration Document 2022

16.1.1 Breakdown of the change in the provision by geographical area: obligations, fund assets, net liability

(in millionsof euros)	France⁽¹⁾	United Kingdom	Other	Total
Obligations at 31/12/2021	Obligations at 31/12/2021France⁽¹⁾35,436	Obligations at 31/12/2021United Kingdom10,410	Obligations at 31/12/2021Other910	Obligations at 31/12/2021Total46,756
Net expense for 2022	Net expense for 2022 France⁽¹⁾ 1,110	Net expense for 2022 United Kingdom 222	Net expense for 2022 Other 65	Net expense for 2022 Total 1,397
Actuarial gains and losses	Actuarial gains and losses France⁽¹⁾ (9,260)	Actuarial gains and losses United Kingdom (3,386)	Actuarial gains and losses Other (143)	Actuarial gains and losses Total (12,789)
Employees’ contributions to funds	Employees’ contributions to funds France⁽¹⁾ -	Employees’ contributions to funds United Kingdom 1	Employees’ contributions to funds Other -	Employees’ contributions to funds Total 1
Benefits paid⁽²⁾	Benefits paid ⁽²⁾France⁽¹⁾ (1,232)	Benefits paid ⁽²⁾United Kingdom (439)	Benefits paid ⁽²⁾Other (50)	Benefits paid ⁽²⁾Total (1,721)
Changes in scope of consolidation	Changes in scope of consolidation France⁽¹⁾ -	Changes in scope of consolidation United Kingdom -	Changes in scope of consolidation Other 1	Changes in scope of consolidation Total 1
Translation adjustment	Translation adjustment France⁽¹⁾ -	Translation adjustment United Kingdom (407)	Translation adjustment Other -	Translation adjustment Total (407)
Other movements	Other movements France⁽¹⁾ -	Other movements United Kingdom -	Other movements Other (8)	Other movements Total (8)
OBLIGATIONS AT 31/12/2022	OBLIGATIONS AT 31/12/2022France⁽¹⁾26,054	OBLIGATIONS AT 31/12/2022United Kingdom6,401	OBLIGATIONS AT 31/12/2022Other775	OBLIGATIONS AT 31/12/2022Total33,230

(in millionsof euros)	France⁽¹⁾	United Kingdom	Other	Total
Fund assets at 31/12/2021	Fund assets at 31/12/2021France⁽¹⁾(13,411)	Fund assets at 31/12/2021United Kingdom(13,124)	Fund assets at 31/12/2021Other(446)	Fund assets at 31/12/2021Total(26,981)
Net expense for 2022	Net expense for 2022 France⁽¹⁾ (171)	Net expense for 2022 United Kingdom (242)	Net expense for 2022 Other (6)	Net expense for 2022 Total (419)
Actuarial gains and losses	Actuarial gains and losses France⁽¹⁾ 3,737	Actuarial gains and losses United Kingdom 5,505	Actuarial gains and losses Other 53	Actuarial gains and losses Total 9,295
Employer’s contributions to funds	Employer’s contributions to funds France⁽¹⁾ -	Employer’s contributions to funds United Kingdom (102)	Employer’s contributions to funds Other (55)	Employer’s contributions to funds Total (157)
Employees’ contributions to funds	Employees’ contributions to funds France⁽¹⁾ -	Employees’ contributions to funds United Kingdom (1)	Employees’ contributions to funds Other -	Employees’ contributions to funds Total (1)
Benefits paid	Benefits paid France⁽¹⁾ 447	Benefits paid United Kingdom 439	Benefits paid Other 13	Benefits paid Total 899
Changes in scope of consolidation	Changes in scope of consolidation France⁽¹⁾ -	Changes in scope of consolidation United Kingdom -	Changes in scope of consolidation Other -	Changes in scope of consolidation Total -
Translation adjustment	Translation adjustment France⁽¹⁾ -	Translation adjustment United Kingdom 486	Translation adjustment Other (13)	Translation adjustment Total 473
Other movements	Other movements France⁽¹⁾ -	Other movements United Kingdom -	Other movements Other 7	Other movements Total 7
FUND ASSETS AT 31/12/2022	FUND ASSETS AT 31/12/2022France⁽¹⁾(9,398)	FUND ASSETS AT 31/12/2022United Kingdom(7,039)	FUND ASSETS AT 31/12/2022Other(447)	FUND ASSETS AT 31/12/2022Total(16,884)

(in millions of euros)	France⁽¹⁾	United Kingdom	Other	Total
Net employee benefit liability at 31/12/2021⁽²⁾	Net employee benefit liability at 31/12/2021⁽²⁾France⁽¹⁾22,025	Net employee benefit liability at 31/12/2021⁽²⁾United Kingdom(2,714)	Net employee benefit liability at 31/12/2021⁽²⁾Other464	Net employee benefit liability at 31/12/2021⁽²⁾Total19,775
Net expense for 2022	Net expense for 2022 France⁽¹⁾ 939	Net expense for 2022 United Kingdom (20)	Net expense for 2022 Other 59	Net expense for 2022 Total 978
Actuarial gains and losses	Actuarial gains and losses France⁽¹⁾ (5,523)	Actuarial gains and losses United Kingdom 2,119	Actuarial gains and losses Other (90)	Actuarial gains and losses Total (3,494)
Employer’s contributions to funds	Employer’s contributions to funds France⁽¹⁾ -	Employer’s contributions to funds United Kingdom (102)	Employer’s contributions to funds Other (55)	Employer’s contributions to funds Total (157)
Benefits paid	Benefits paid France⁽¹⁾ (785)	Benefits paid United Kingdom -	Benefits paid Other (37)	Benefits paid Total (822)
Changes in scope of consolidation	Changes in scope of consolidation France⁽¹⁾ -	Changes in scope of consolidation United Kingdom -	Changes in scope of consolidation Other 1	Changes in scope of consolidation Total 1
Translation adjustment	Translation adjustment France⁽¹⁾ -	Translation adjustment United Kingdom 79	Translation adjustment Other (13)	Translation adjustment Total 66
Other movements	Other movements France⁽¹⁾ -	Other movements United Kingdom -	Other movements Other (1)	Other movements Total (1)
NET EMPLOYEE BENEFIT LIABILITY AT 31/12/2022	NET EMPLOYEE BENEFIT LIABILITY AT 31/12/2022France⁽¹⁾16,656	NET EMPLOYEE BENEFIT LIABILITY AT 31/12/2022United Kingdom(638)	NET EMPLOYEE BENEFIT LIABILITY AT 31/12/2022Other328	NET EMPLOYEE BENEFIT LIABILITY AT 31/12/2022Total16,346
Including:	Including: France⁽¹⁾	Including: United Kingdom	Including: Other	Including: Total
Provisions for employee benefits	Provisions for employee benefits France⁽¹⁾	Provisions for employee benefits United Kingdom	Provisions for employee benefits Other	Provisions for employee benefits Total 17,021
Non-current financial assets⁽²⁾	Non-current financial assets ⁽²⁾France⁽¹⁾	Non-current financial assets ⁽²⁾United Kingdom	Non-current financial assets ⁽²⁾Other	Non-current financial assets ⁽²⁾Total (675)

(1) France comprises the two operating segments“France –Generation andSupply” and “France– Regulated activities” (see note 16.2).

(2) The net liability at 31 December 2021 comprised €22,508 million for the provisions for employee benefits and €(2,733) million of non-current financial assets, giving a netliabilityamount of €19,775 million.

Actuarial gains and losses on obligations in 2022

Actuarial gains and losses on obligations amount to €(12,789) million for 2022, including:

€(9,260) million in France asa result of:
- the €(16,997) million change in the discount rate,
- the €(145) million change in demographic assumptions,
- the €5,045 million change in the inflation rate,
- the €2,276 million impact of pay rise measures decided in 2022 for application from January 2023,
- the €561 million change in experience adjustments; and
€(3,386) million in the United Kingdom, essentially associated with changes in the discount and inflation rates (€(4,475) million) and experience adjustments (€1,257million) (seenote16.1.2).

Actuarial gains and losses on obligations amounted to €(239) million for 2021, including:

€110 million in France asa result of:
- the €(3,099) million change in the discount rate,
- the €(540) million change in experience adjustments,
- the €151 million changein the ARRCO-AGIRC agreement,
- the €3,598 million change inthe inflation rate; and
€(356) million in the United Kingdom, essentially associated with changes in the discount and inflation rates (see note 16.1.2).

Universal Registration Document 2022

Introduction

16.1.1 Breakdown of the change in the provision by geographical area: obligations, fund assets, net liability

Actuarial gains and losses on obligations in 2022