5 Fluctuations during 2021, 2020 and 2019 are set out below: € millions Present value of defined benefit obligation Plan assets Net provisions Balan ce at 31 December 2018 4,144.4 -3,755.5 388.9 Service cost during the period 168.8 - 168.8 Interest cost 111.8 - 111.8 Expected return on assets - -99.5 -99.5 Past service cost: new plans/plan amendments 72.9 - 72.9 Curtailments -100.3 - -100.3 Settlements - - - Benefits paid -198.4 151.9 -46.5 Contributions paid 6.3 -58.9 -52.6 Actuarial gains and losses 706.6 -378.9 327.7 Translation differences 67.9 -66.3 1.6 Other movements -5.3 5.6 0.3 Balance at 31 December 2019 4,974.5 -4,201.6 772.9 Service cost during the period 201.2 - 201.2 Interest cost 80.0 - 80.0 Expected return on assets - -66.7 -66.7 Past service cost: new plans/plan amendments -12.7 - -12.7 Curtailments -21.2 - -21.2 Settlements -1.0 1.1 0.2 Benefits paid -227.7 161.9 -65.9 Contributions paid 4.1 -85.3 -81.3 Actuarial gains and losses 483.1 -257.5 225.6 Translation differences -167.0 139.8 -27.2 Other movements 5.1 3.3 8.4 Balance at 31 December 2020 5,318.4 -4,305.0 1,013.5 Service cost during the period 221.9 - 221.9 Interest cost 60.5 - 60.5 Expected return on assets - -50.4 -50.4 Past service cost: new plans/plan amendments -10.0 - -10.0 Curtailments -16.7 - -16.7 Settlements 1.1 - 1.1 Benefits paid -221.6 174.7 -46.9 Contributions paid 6.4 -101.1 -94.6 Actuarial gains and losses -329.9 -255.2 -585.2 Translation differences 159.0 -151.4 7.5 Other movements (1) -141.9 1.8 -140.0 BALAN CE AT 31 DECEMBER 2021 5,047.2 -4,686.6 360.6 (1) Inclu ding -€137.4million pertaining to the IFRIC 2021 intrerpretation on IAS 19 "Employee Benefits" on Attribuintg Benefit to Periods of Servic e. The total present value of defined benefit obligations breaks down as follows between wholly or partly funded plans and wholly unfunded plans: € millions 31.12.2021 31.12.2020 31.12.2019 Present value of defined benefit obligations wholly or partly funded 4,635.0 4,832.5 4,507.6 Fair value of plan assets 4,686.6 4,304.9 4,201.6 Net position of defined benefit obligations wholly or partly funded -51.6 527.6 306.1 Present value of defined benefit obligations wholly unfunded 412.2 485.9 466.9 L ’ ORÉAL I UNIVERS AL REGISTRATION DOCUMENT 2021 305 2021 CONSOLIDATED FINANCIAL STATEMENTS Notes to the consolidated financial statements
Universal Registration Document Page 306 Page 308