BPCE - 2018 Registration document

5 FINANCIAL REPORT

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

For the non-consolidated structured entities that the Group sponsored without holding any interests, the impact on the financial statements is presented below: Fiscal year 2018

Securitization Asset Management

in millions of euros

Income from entities

1

175 169

Net fee and commission income

(1)

Net gains or losses on financial instruments at fair value through profit or loss Carrying amount of assets transferred to the entity during the fiscal year

3

5

1,181

Fiscal year 2017

Securitization

Asset Management

in millions of euros

Income from entities Net interest income

(36)

211

2

Net fee and commission income

(7)

204

Net gains or losses on financial instruments at fair value through profit or loss Carrying amount of assets transferred to the entity during the fiscal year

(29)

5

2,365

STATUTORY AUDITORS’ FEES 12.6 Fees in respect of duties carried out by the Statutory Auditors, and by their networks, responsible for auditing BPCE’s financial statements in respect of the 2017 and 2018 fiscal years were as follows:

PwC

Mazars

Deloitte

TOTAL

Amount

%

Amount

%

Amount

%

Amount

%

2018

2018

2018

2018

2018

2018

2018

2018

2017

2017

2017

2017

2017

2017

2017

2017

in thousands of euros (1) Financial statement certification missions

10,518 9,906 65% 76% 3,238 4,960 65% 80% 9,705 9,657 73% 65% 23,462 24,523 68% 72%

Issuer

805 654 9,713 9,252

684 655 2,554 4,305

827 661 8,878 8,996

2,316 1,970 21,146 22,553

Subsidiaries

Services other than financial statement certification (2)

5,599 3,187 35% 24% 1,720 1,270 35% 20% 3,526 5,193 27% 35% 10,845 9,651 32% 28%

Issuer

1,422 341 4,177 2,846

72 159

459 951 3,067 4,242

1,953 1,451 8,892 8,200

Subsidiaries

1,648 1,111

TOTAL

16,117 13,094 100% 100% 4,958 6,230 100% 100% 13,231 14,850 100% 100% 34,307 34,174 100% 100%

Change (in %)

23%

(20%)

(11%)

-

Amounts relating to services provided appear on the income statement for the reporting year, notably including unrecoverable VAT. (1) In 2018, “Services other than the certification of financial statements” mainly included assignments requested by BPCE, for €2 million including €0.7 million for comfort letters relating to issues, with this (2) amount being divided between BPCE’s three Statutory Auditors, and €0.7 million for consultations carried out by PwC, €0.3 million for BCBS standard 239 performed by Deloitte, and €0.3 million for the drafting of a test of the Recovery Plan by PwC, and assignments requested by Natixis SA and its subsidiaries (€8.3 million), in particular compliance review assignments related to the system in place at certain Group entities with regard to regulatory provisions for €2.8 million, tax audits mainly of the US platform for €1 million, assignments relating to the restructuring of certain business lines for €0.7 million (€0.4 million for Insurance, €0.2 million for Payments and €0.1 million for Brokerage).

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Registration document 2018