BPCE - 2018 Registration document

5 FINANCIAL REPORT

BPCE management report

PAYMENT TERMS TO CUSTOMERS AND SUPPLIERS Pursuant to Article L. 441-6-1 of the French Commercial Code, all French companies for which annual financial statements are certified by Statutory Auditors must publish in their management report payment terms to their customers and suppliers, in accordance with the provisions of Article D. 441-4 of the French Commercial Code amended by Decree No. 2015-1553 dated November 27, 2015 and Decree No. 2017-350 dated March 20, 2017. This information does not include banking transactions and related operations.

Invoices received but not settled at the balance sheet date which are due

Total (1 day and over)

0 days (indicative)

1 to 30 days

31 to 60 days

61 to 90 days

91 days and over

in euros

(A) Tranches of overdue payments Number of invoices concerned

291

585

Total amount of invoices concerned (including taxes)*

39,166,794 (586,580)

(214,182)

868,342 1,819,786 1,887,365

Percentage of total amount of purchases including taxes for the fiscal year

The percentage of unpaid invoices received, at the balance sheet date, was less than 1% of the total amount of purchases including taxes during the fiscal year.

Percentage of revenue before taxes for the fiscal year (B) Invoices excluded from (A) relating to disputed or unrecognized receivables and payables Number of invoices excluded

None

Total amount of invoices excluded None (C) Benchmark payment terms used (contractual or legal term – Article L. 441-6 or Article L. 443-1 of the French Commercial Code) Payment terms used to calculate overdue payments Contractual terms: Within 30 days of invoice date Accounts receivable maturities correspond to assets or advances. *

Invoices issued but not settled at the balance sheet date which are due

Total (1 day and over)

0 days (indicative)

1 to 30 days

31 to 60 days

61 to 90 days

91 days and over

in euros

(A) Tranches of overdue payments Total amount of invoices concerned (including taxes) Percentage of total amount of sales including taxes for the fiscal year

0

15,500,945

1,554,188

1,176,925

838,286

19,070,344

The percentage of invoices issued but not settled at the balance sheet date was less than 1% of the total amount of sales (including tax) recorded during the fiscal year.

(B) Invoices excluded from (A) relating to disputed or unrecognized receivables and payables Number of invoices excluded

None

Total amount of invoices excluded None (C) Benchmark payment terms used (contractual or legal term – Article L. 441-6 or Article L. 443-1 of the French Commercial Code) Payment terms used to calculate overdue payments Contractual terms: Invoice date

548

Registration document 2018