APC 2014 Annual Report Download - page 263

COMPANY FINANCIAL STATEMENTS
NOTES TO THE FINANCIAL STATEMENTS
Provisions for contingencies and pension accruals Note8
(in thousands of euros)
Dec.31, 2013 Increases Decreases Dec.31, 2014
Provisions for contingencies
Disputes 15 - - 15
Other 30 - - 30
45 - - 45
Provisions for pension accruals - - - -
Pension accruals - - - -
45 - - 45
8.1 – Contingencies 8.2 – Pension accruals
Management is confident that overall the balance sheet provisions The company has various obligations towards its current and
for disputes of which it is currently aware and in which the retired senior executives and managers. During2012, the
company is involved should be sufficient to ensure that these company closed the previous plan to new comers and
disputes do not have a material impact on its financial position or implemented a new plan with progressing vesting rights based on
income. seniority in the Group and in Executive Committee. The financing
of this new plan was externalized then to AXA France Vie.
Actuarial gains and losses recognized in this valuation are treated
according to the corridor method (see accounting principles and
methods).
As part of the first application of the recommendation of the ANC
No. 2013-02, the company has decided to account for all the
unrecognized actuarial gains and losses and past service costs as
of the opening date of the year of the change, that is to say
January 1, 2014, directly through the retained earnings account in
compensation of AXA pension debt account.
In accordance with the recommendation of the ANC No. 2013-02,
the impacts of the first application were as follows:
Recognition as of January 1st, 2014 of all the unrecognized
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actuarial gains and losses and unrecognized past service costs
directly through the retained earnings account. This has
generated an increase in the balance sheet amount of € 11.2
million (recognized in equity through retained earnings).
Impact on the 2014 P&L: increase of € 0.4 million on the
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operating result (no amortization of actuarial gains and losses
as of 31/12/2013 using the corridor method).
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