BPCE - 2018 Registration document

4 ACTIVITIES AND FINANCIAL INFORMATION 2018 BPCE SA group financial data

4.4.2

Analysis of the consolidated balance sheet of BPCE SA group

Opening balance sheet (January 1, 2018) in accordance with IFRS 9.

Change

01/01/2018

€bn

%

12/31/2018

in billions of euros

Cash and amounts due from central banks Financial assets at fair value through profit or loss

66.7

82.7 (16.1) 208.9 (12.6)

(19.4%)

196.3

(6.0%)

Hedging derivatives – Positive FV

7.2

8.6

(1.5) (0.2)

(16.9%)

Financial assets at fair value through other comprehensive income

15.7

15.9

(1.2%)

Financial assets at amortized cost

321.9 129.3 177.2

310.0 11.9 118.3 11.0

3.8% 9.3% 0.8%

Loans and receivables due from credit institutions Loans and receivables due from customers

175.8

1.4

Debt securities at amortized cost

15.5

15.9

(0.4) (0.4)

(2.7%) (7.5%)

Revaluation differences on interest rate risk-hedged portfolios

4.7

5.1

Insurance business investments

103.3

96.1 26.2

7.2 3.5 0.0 0.2

7.5%

Current and deferred tax assets and other assets

29.8

13.5% (1.0%)

Fixed assets (excluding goodwill)

2.1 3.9

2.2 3.7

Goodwill ASSETS

4.8%

751.6

759.4 (7.9)

(1.0%)

Amounts due to central banks

0.0

0.0

0.0

ns

Financial liabilities at fair value through profit or loss

201.2

213.6 (12.4)

(5.8%) (6.4%) (1.8%)

Hedging derivatives – Negative FV

9.4

10.0

(0.6) (6.8)

Financial liabilities at amortized cost (excluding subordinated debt)

375.2 113.8

382.1 113.4

Amounts due to credit institutions

0.4

0.4%

Amounts due to customers

56.7

62.8

(6.0) (1.2) (0.1)

(9.6%) (0.6%)

Debt securities

204.7

205.9

Revaluation differences on interest rate risk-hedged portfolios Current and deferred tax liabilities and other liabilities

0.2

0.3

(42.4%) 26.3%

26.8 91.7

21.2 86.6

5.6 5.1 0.0 0.3 1.0 0.9 0.1

Liabilities related to insurance policies

5.9% 1.5% 2.0% 3.9% 4.9% 1.3%

Provisions

3.0

3.0

Subordinated debt

17.4 26.7 19.6

17.1 25.7 18.7

Shareholders' equity

Equity attributable to equity holders of the parent

Non-controlling interests

7.0

7.0

LIABILITIES

751.6

759.4 (7.9)

(1.0%)

due from central banks (- € 16.1 billion) and financial assets at fair value through profit or loss (- € 12.6 billion). Equity attributable to equity holders of the parent totaled € 19.6 billion at December 31, 2018, representing an increase compared to January 1, 2018. The change over the period notably included net income for the year, i.e. + € 0.7 billion.

At December 31, 2018, the consolidated balance sheet of BPCE SA group totaled € 751.6 billion, down 1.0% compared with January 1, 2018. The stability of the balance sheet belied the disparity between the increase in loans and receivables due from credit institutions repayable on demand (+ € 11.0 billion) and insurance business investments (+ € 7.2 billion), to the detriment of cash and amounts

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Registration document 2018