BPCE - 2018 Registration document

5 FINANCIAL REPORT

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

Day one profit

Fiscal year 2018

Fiscal year 2017

in millions of euros

Day one profit at the start of the year Deferred profit on new transactions Profit recognized in income during the year DAY ONE PROFIT AT YEAR-END

77

74

104 (94)

100 (97)

87

77

NET GAINS OR LOSSES ON FINANCIAL INSTRUMENTS AT FAIR VALUE THROUGH 4.4 OTHER COMPREHENSIVE INCOME

Accounting principles Financial assets at fair value through other comprehensive income include: SPPI debt instruments managed under a hold to collect and sell business model at fair value through other comprehensive income ● recyclable to income. If they are sold, changes in fair value are taken to income; equity instruments at fair value through other comprehensive income not recyclable to income. In the event of disposal, changes in fair ● value are not transferred to income but are taken directly to retained earnings. Only dividends affect income when they correspond to a return on investment. Gains and losses on SPPI debt instruments managed under a hold to collect and sell business model at fair value through other comprehensive income recyclable to income include: income and expenses recognized in net interest income; ● net gains or losses on debt financial assets at fair value through other comprehensive income; ● impairment recognized in cost of risk; ● gains and losses recorded directly in other comprehensive income. ●

Fiscal year 2018

in millions of euros

Net gains or losses on debt instruments

4

Net gains or losses on equity instruments (dividends)

67

TOTAL GAINS OR LOSSES ON FINANCIAL ASSETS AT FAIR VALUE THROUGH OTHER COMPREHENSIVE INCOME

72

Figures for 2017 under IAS 39

Fiscal year 2017

in millions of euros

Gains or losses on disposal

282 170 (35) 417

Dividends received

Permanent impairment of variable-income securities

TOTAL NET GAINS OR LOSSES ON AVAILABLE-FOR-SALE FINANCIAL ASSETS*

O/w €323 million for the insurance businesses (€243 million of which attributable to net gains on the disposal of insurance investments). *

442

Registration document 2018