BPCE - 2018 Registration document

5 FINANCIAL REPORT

BPCE parent company annual financial statements

The average headcount during the year, broken down by professional category, was as follows: 1,465 managers and 98 non-managers, representing a total of 1,563 persons.

The Employment and Competitiveness Tax Credit (CICE) is deducted from payroll costs. The use of this tax is presented in the “Social, environmental and societal information” section of the registration document.

5.8

COST OF RISK

Fiscal year 2018

Fiscal year 2017

Recoveries of bad debts written off

Recoveries of bad debts written off

Reversals and uses Losses

Reversals and uses

Charges

Total

Charges

Losses

Total

in millions of euros

Impairment of assets Interbank

0

0 0

Customer

1

(3)

(2)

Securities portfolio and other receivables Provisions Off-balance sheet commitments Provisions for customer credit risks

0

(2)

(2)

0 0 0

1

1 0 0

Other

TOTAL

0

1

(3)

0

(2)

0

1

(2)

0

(1)

Of which:

reversals of obsolete impairment charges reversals of utilized impairment charges reversals of obsolete provisions reversals of utilized provisions NET AMOUNT OF REVERSALS

1

1

1

1

5.9

GAINS OR LOSSES ON LONG-TERM INVESTMENTS

Fiscal year 2018

Fiscal year 2017

Property, plant and equipment and intangible assets

Property, plant and equipment and intangible assets

Equity interests and other long-term investments

Equity interests and other long-term investments

Held- to-maturity securities

Held- to-maturity securities

Total

Total

in millions of euros

Impairment Charges

(358)

(358)

(262)

(262)

Reversals

80

80

521

521

Net gain/(loss) on disposal

(58)

(16) (16)

(74)

10

(7) (7)

3

TOTAL

(336)

0

(352)

269

0

262

Crédit Foncier ( € 14 million), - VIGEO ( € 6 million); - profit or loss on the sale of investments in associates and other ● long-term securities: BPCE Immobilier Exploitation: capital loss of € 59 million, - VIGEO: capital loss of € 6 million, - Caisse d’Epargne Capital: capital gain of € 5 million; - impact on the total transfer of assets: ● Ecufoncier: income of € 3 million; - the impact on held-to-maturity securities mainly relates to FCC ● SLM Student Loan Trust securities for a capital loss of € 17 million.

Gains or losses on investments in associates, equity interests, affiliates and other long-term investments included specifically: provisions for impairment of investments in associates: ● 3F Holding ( € 128 million), - BPCE International ( € 121 million), - Banque Palatine ( € 52 million), - Informatique BP ( € 27 million), - GCE Asap ( € 11 million), - IXION ( € 7 million); - reversals of provisions for impairment of investments in associates: ● BPCE Immobilier Exploitation ( € 59 million), -

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Registration document 2018