Vetoquinol Universal Registration Document 2019

94   Vetoquinol  Universal Registration Document 2019  Financial report 6 CONSOLIDATED FINANCIAL STATEMENTS Notes to the consolidated financial statements 6.5.30.3 Other long-term employee benefits In France, employees qualify for long-service awards as defined by Decree no. 2000-1015 published in the official gazette (Journal Officiel) on October 19, 2000, as set forth in a company agreement or as standard practice. Veto- quinol also has its own system of long-service awards which entitles employees to receive bonuses based on years of service. • Changes in the corresponding liability are as follows: €000 Dec 31, 2019 Dec 31, 2018 Carrying amount at January 1 1,499 1,483 Expenses recognized in the income statement 292 110 Contributions paid (100) (69) Reclassifications - - Exchange differences 4 (25) New liabilities arising from acquisitions - - Carrying amount at December 31 1,695 1,499 • The following amounts were posted to the income statement for the year: €000 Dec 31, 2019 Dec 31, 2018 Cost of services rendered during the year 217 131 Financial cost 7 5 Actuarial gains and losses 68 (26) TOTAL 292 110 • The main actuarial assumptions used for long-service awards are as follows: Dec 31, 2019 Dec 31, 2018 Discount rate 0.30% 1.15% Award appreciation rate 0.60% 2.30% Social security contribution rate 45.4% 47% Mortality table TF-TH 2000-2002 Staff turnover Based on age range