ANNUAL REPORT 2015

CONSOLIDATED FINANCIAL REPORT | EXPLANATORY NOTES

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Changes during the year in pension plan obligations are analysed as follows:

Changes during the year in pension plan assets are analysed as follows:

At 31 December 2015, pension plan assets consisted of equities (12.7% versus 13.3% in 2014), government

bonds (19.6% versus 21.8% in 2014), corporate bonds (20.1% versus 19.5% in 2014), and other assets

(47.6% versus 45.4% in 2014).