Vilmorin & Cie - Annual report 2017-2018

5 ANNUAL REPORT Vilmorin & Cie 187 2017-2018 Reconciliation of balance sheet data with the actuarial obligation concerning defined contribution schemes and other long-term benefits can be analyzed as follows on June 30, 2018: In millions of euros 06.30.18 06.30.17 Adjusted value of the commitment 217.0 221.0 Fair value of assets of schemes -159.6 -157.0 Provisions for employee benefits (a – b) 57.4 64.0 2- Impacts on the global income The total recorded charge for defined contribution schemes and other long-term benefits are analyzed as follows: In millions of euros 17-18 16-17 Cost of services rendered 3.7 5.0 Cost of past services recorded 0.4 0.5 Net financial cost 1.4 1.7 Recognized actuarial losses or gains - -0.1 Effect of liquidations / reductions - - Other charges - - Recorded charge 5.5 7.1 Other items in the global income Revaluations are recorded in the other items of the global income, and can be analyzed as follows: In millions of euros 17-18 16-17 Returns on forward assets -4.7 -13.3 Actuarial losses or gains -1.0 1.4 > Changes in demographic hypotheses -0.4 -3.9 > Changes in financial hypotheses -0.9 2.3 > Adjustments linked to experience 0.3 3.0 Statement of the capping of assets - - Items recognized in the statement of the global income during the fiscal year -5.7 -11.9 3- Actuarial hypotheses The main actuarial hypotheses used to estimate the group’s obligations are as follows: Europe As a % Europe (except United Kingdom) United Kingdom 2018 2017 2018 2017 Average duration of the plan years 13.60 13.80 16.80 16.80 Adjustment rate % 1.70 1.55 2.60 2.70 Salaries progression rate 2.50 2.50 Not available Not available Inflation rate 1.80 1.80 3.25 3.30 5.1. Consolidated Financial Statements Financial INFORMATION