DBV Technologies S.A. | CIK:0001613780 | 3

  • Filed: 3/16/2018
  • Entity registrant name: DBV Technologies S.A. (CIK: 0001613780)
  • Generator: Donnelley Financial Solutions
  • SEC filing page: http://www.sec.gov/Archives/edgar/data/1613780/000119312518085953/0001193125-18-085953-index.htm
  • XBRL Instance: http://www.sec.gov/Archives/edgar/data/1613780/000119312518085953/dbvt-20171231.xml
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  • ifrs-full:DisclosureOfProvisionsExplanatory

    Note 12: Non-Current Provisions

     

         December 31,  
         2015      2016      2017  
         (thousands of euros)  

    Pension retirement obligations

         490        853        1,260  
      

     

     

        

     

     

        

     

     

     

    Total

         490        853        1,260  
      

     

     

        

     

     

        

     

     

     

    Commitments for Compensation Payable to Employees Upon Their Retirement

     

         thousands of
    Euros
     

    As of January 1, 2015

         (531

    Costs of services rendered (operating expense)

         (116

    Interest expense (finance expense)

         (9

    Benefit paid

      

    Actuarial gains

         166  
      

     

     

     

    As of December 31, 2015

         (490
      

     

     

     

    Costs of services rendered (operating expense)

         (104

    Interest expense (finance expense)

         (10

    Benefit paid

         —    

    Actuarial losses

         (249
      

     

     

     

    As of December 31, 2016

         (853
      

     

     

     

    Costs of services rendered (operating expense)

         (219

    Interest expense (finance expense)

         (11

    Benefit paid

         —    

    Actuarial losses

         (177
      

     

     

     

    As of December 31, 2017

         (1,260
      

     

     

     

     

    As part of the estimation of the retirement commitments, the following assumptions were used for all categories of employees:

     

         December 31,  
         2015     2016     2017  

    % social security contributions

         50.0     50.0     50.0

    Salary increases

         2.0     2.0     2.0

    Discount rate

         2.08     1.31     1.30

    Assumptions for the years ended December 31, 2015 and 2016:

     

        Retirement age: 65 years old;

     

        Terms of retirement: voluntary retirement;

     

        Life table: INSEE 2010;

     

        Collective agreement: Convention Collective Nationale de l’Industrie Pharmaceutique (National Collective Agreement in the Pharmaceutical Industry);

     

        Turn-over of the personnel declining with age.

    Assumptions for the years ended December 31, 2017:

     

        Retirement age: 65 years old;

     

        Terms of retirement: voluntary retirement;

     

        Life table: TGH05-TGF05;

     

        Collective agreement: Convention Collective Nationale de l’Industrie Pharmaceutique (National Collective Agreement in the Pharmaceutical Industry);

     

        Turn-over of the personnel declining with age.

    The discount rates come from the corporate AA zero coupon yield curve.

    No employee has retired during the last three fiscal years presented.