BPCE - 2018 Registration document

FINANCIAL REPORT IFRS Consolidated Financial Statements of Groupe BPCE as at December 31, 2018

Gains and losses recognized directly in other comprehensive income

Recyclable

Non-recyclable

Equity financial assets recognized at fair value through other compre-

Revaluation of own credit risk on

Debt financial assets recognized at fair value through other compre-

Revaluation (actuarial gains and losses) on defined- benefit plans

Available- for-sale financial assets of insurance businesses

financial liabilities

Total equity attributable to equity holders of the parent

Change in fair value of hedging derivatives

designated at fair value through profit or loss

Net income attributable to equity holders of the parent

Total consolidated equity

Non- controlling interests

Foreign exchange rate adjustments

hensive income

hensive income

603

1,889

/// /// /// /// /// /// /// /// /// ///

(434)

/// /// /// /// /// /// /// /// /// ///

(58)

(275)

61,462 (354) 1,645 (1,052)

7,674

69,136 (765) 1,674 (1,353)

(411)

29

(301)

(75)

(75)

5 5

(221)

(264) (379) (233)

(485)

(57)

(1,003)

(524)

212

73

(109)

17

(331) 3,024 2,693

(564) 3,705 3,141

3,024 3,024

681 448

(524)

212

73

(109)

17

(69)

(4)

(73)

84

2,101

///

(361)

///

(167)

(258)

3,024

64,028

7,173

71,201

(3,024)

5

(1,055)

1,055

(769)

59

(46) (46)

(1,552) 62,476

(67)

(1,619) 69,582

84

277

1,055

(302)

(167)

(258)

7,106

(358) 1,404

(520)

(878) 1,408 (302)

4

(36) (65)

(266)

(65) (57) 106 (45)

(107)

50

838

(732)

92

(187)

(310)

40

(46)

214

83

(114) 3,026 2,912

69

3,026 3,026

793 862 (24)

3,819 3,774

92 20

(187)

(310)

40

(46)

214

83

62

(32)

(56)

196

90

745

(262)

(30)

47

(175)

3,026

66,194

7,212

73,406

Including a variation in the translation difference of -€22 million (-€16 million attributable to equity holders of the parent and -€6 million attributable to non-controlling interests) following the (5) reclassification linked to the sale of two Natixis group entities (Caspian 1A and 1B) and the liquidation of Nexgen Financial Holding. Other changes also include interest on perpetual deeply subordinated notes for the portion subscribed for by non-controlling interests. (6) The impact of the first-time application of IFRS 9 on the opening balance sheet at January 1, 2018 is presented in detail in Note 5.1.6. (7) The redemption in 2018 of two perpetual deeply subordinated notes issued by Natixis in 2008 and fully subscribed for by non-controlling interests amounted to -€254 million. These (8) redemptions led to the reversal of the capital gain recorded in other comprehensive income in the amount of -€43 million (-€31 million attributable to equity holders of the parent and -€12 million attributable to non-controlling interests); Including a reduction in retained earnings of -€57 million (-€107 million attributable to equity holders of the parent and +€50 million attributable to non-controlling interests) arising from the (9) impact of acquisitions and other movements. This reduction was mainly due to the following: the impact of new put options granted to minority shareholders relating to the acquisitions made, for -€49 million (-€35 million attributable to equity holders of the parent and -€14 million attributable to ● non-controlling interests). These put options concern the M&A business line, with the acquisitions of Vermilion (-€15 million) and Fenchurch (-€27 million), and the payments business line, with the acquisition of Alter CE (-€8 million); the impact of existing put options granted to minority shareholders at the start of the year, for -€69 million. This impact was partly due to the change in the fair value of these put options for -€64 million ● (-€56 million attributable to equity holders of the parent and -€18 million attributable to non-controlling interests), generated by the revaluation of financial debt for -€32 million, and for -€31 million by the effects of the unwinding of the discount on this financial debt, and partly due to the transfer of the change in the share of the net minority position of the entities representing these put options, for -€5 million (-€4 million attributable to equity holders of the parent and -€1 million attributable to non-controlling interests); the impact of changes in the percentage ownership of consolidated entities without a loss of control, for -€6 million (-€4 million attributable to equity holders of the parent and -€2 million attributable to ● non-controlling interests). This mainly concerned the increase in the percentage of ownership of the consolidated entity Caspian PE (from 55% to 72%), for €3 million, and the fall in the percentage of ownership of the consolidated entity Ossiam (from 83% to 75%), for -€1 million; the recognition of goodwill from BPCE IE directly in equity, in accordance with the accounting treatment of the acquisitions of jointly-controlled entities, for -€1 million. ● Including a variation in the translation difference of -€57 million (-€40 million attributable to equity holders of the parent and -€17 million attributable to non-controlling interests) following the (10) repayment of $669 million in retained earnings by Natixis’ New York branch. Other changes also include interest on perpetual deeply subordinated notes for the portion subscribed for by non-controlling interests. (11)

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Registration document 2018