BPCE - 2018 Registration document

5 FINANCIAL REPORT

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

Impacts of the change

Balance sheet under IAS 39 at December 31, 2017

Balance sheet under IFRS 9 at January 1, 2018

Value adjustment for credit losses (2)

Total after reclassifications

in millions of euros IAS 39 Financial liabilities at fair value through profit or loss Hedging derivatives

Insurance businesses Reclassifications

in millions of euros IFRS 9 Financial liabilities at fair value through profit or loss

Value (1)

135,917 14,725

(183)

71,203

206,938 14,725

206,938

14,725 Hedging derivatives

Amounts due to credit institutions and similar items

Amounts due to credit institutions

92,145

15

(7,516)

84,644

84,644

Amounts due to customers Debt securities

Amounts due to customers Debt securities

569,879 216,957

(53,190)

516,689 217,127

516,689 217,127

170

Revaluation differences on interest rate risk-hedged portfolios

Revaluation differences on interest rate risk-hedged portfolios Current tax liabilities Deferred tax liabilities Accrued expenses and other liabilities

367 311 687

367 311 645

367

311 Current tax liabilities 880 Deferred tax liabilities

(42)

235

Accrued expenses and other liabilities Liabilities associated with non-current assets held for sale and discontinued operations Liabilities related to insurance policies Equity attributable to equity holders of the parent Share capital and additional paid-in capital Gains and losses recognized directly in OCI Net income for the period Provisions Equity

49,431

(9,849)

(10,625)

28,958

28,958

Liabilities on assets held for sale Technical reserves of insurance companies

717

717

717

83,711

10,016

93,728

93,728

Provisions

6,392

(4)

6,388

408

6,796

Subordinated debt

17,410 71,201

1

17,411 71,201

17,411 Subordinated debt

Equity

(1,619)

69,582

Equity attributable to equity holders of the parent Share capital and additional paid-in capital Retained earnings Unrealized gains and losses Net income for the period

64,029

64,028

(1,552)

62,476

22,722 39,908

22,722 39,907

22,722

749

(1,553)

39,104 Retained earnings

1,399

1,399

(749)

650

Non-controlling interests

Non-controlling interests

7,172

7,172

(68)

7,106

TOTAL LIABILITIES

1,259,850

1,259,850

(976)

1,258,873 TOTAL LIABILITIES

This relates to the change in the way the asset is measured. For example, an asset at amortized cost under IAS 39 can be measured at fair value under IFRS 9. (1) The impact of first-time application of the new impairment model is provided in Note 5.1.6 §3. (2)

260

Registration document 2018