BPCE - 2019 Universal Registration Document

4

ACTIVITIES AND FINANCIAL INFORMATIONS 2019

BPCE SA GROUP FINANCIAL DATA

Analysis of BPCE SA group’s consolidated balance sheet 4.4.2

Change

12/31/2019

12/31/2018

€bn

%

in billions of euros

Cash and amounts due from central banks Financial assets at fair value through profit or loss

72.6

66.7

5.9

8.9% 8.4%

212.8

196.3

16.5

Hedging derivatives – Positive FV

7.9

7.2

0.7 1.4

10.1%

Financial assets at fair value through other comprehensive income

17.1

15.7

8.8%

Financial assets at amortized cost

321.7 129.4 177.3

321.9 129.3 177.2

(0.2)

(0.1%)

Loans and receivables due from banks Loans and receivables due from customers

0.1 0.1

0.1% 0.1%

Debt securities at amortized cost

15.0

15.5

(0.5)

(2.9%) 27.8%

Revaluation differences on interest rate risk-hedged portfolios

6.0

4.7

1.3 8.5

Insurance business investments

111.8

103.3

8.2%

Current and deferred tax assets and other assets

24.0

29.8

(5.8)

(19.5%) 55.7%

Fixed assets (excluding goodwill)

3.3 4.1

2.1 3.9

1.2 0.2

Goodwill ASSETS

4.7% 4.0%

781.3

751.6

29.7 (0.0)

Amounts due to central banks

0.0

0.0

ns

Financial liabilities at fair value through profit or loss

208.4

201.2

7.2 0.8

3.6% 8.1% 3.4%

Hedging derivatives – Negative FV

10.1

9.4

Financial liabilities at amortized cost (excluding subordinated debt)

387.8 113.1

375.2 113.8

12.6 (0.7) (6.6) 19.9 (2.7) 11.3 (0.4) (0.0) 0.0

Amounts due to banks

(0.6%) (11.6%)

Amounts due to customers

50.2

56.7

Debt securities

224.6

204.7

9.7% 4.4%

Revaluation differences on interest rate risk-hedged portfolios

0.2

0.2

Current and deferred tax liabilities and other liabilities

24.1

26.8 91.7

(10.0%) 12.3% (12.8%) (0.3%)

Liabilities related to insurance contracts

103.0

Provisions

2.7

3.0

Subordinated debt

17.3 27.7 20.4

17.4 26.7 19.6

Shareholders’ equity

1.0 0.8 0.2

3.9% 4.2% 3.2% 4.0%

Equity attributable to equity holders of the parent

Non-controlling interests

7.3

7.0

LIABILITIES

781.3

751.6

29.7

At December 31, 2019, the consolidated balance sheet of BPCE SA group totaled €781.3 billion, up 4.0% compared with December 31, 2018. The growth in the balance sheet reflects the disparity between the increase in financial assets at fair value through profit or loss (+€16.5 billion), insurance business investments (+€8.5 billion), and cash and amounts due from central banks (+€5.9 billion), to

the detriment of current and deferred tax assets and other assets (-€5.8 billion). Moreover, Equity attributable to equity holders of the parent totaled €20.4 billion at December 31, 2019, representing an increase compared to December 31, 2018. The change over the period notably included net income for the year, i.e. +€0.6 billion.

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UNIVERSAL REGISTRATION DOCUMENT 2019 | GROUPE BPCE

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