BPCE - 2019 Universal Registration Document

5

FINANCIAL REPORT

IFRS CONSOLIDATED FINANCIAL STATEMENTS OF GROUPE BPCE AS AT DECEMBER 31, 2019

5.1.5

Consolidated cash flow statement

Fiscal year 2019

Fiscal year 2018

in millions of euros

Income before tax

5,538 1,447

5,297

Net depreciation and amortization of property, plant and equipment, and intangible assets

989

Goodwill impairment

84

10

Net charge to provisions and provisions for impairment (including insurance companies’ technical reserves)

8,928 (150)

6,009 (175)

Share in net income of associates

Net cash flows generated by investing activities

(1,687) (1,544)

(1,299) (3,611)

Other changes

Total non-monetary items included in net income before tax Net increase (decrease) arising from transactions with banks Net increase (decrease) arising from transactions with customers

7,077

1,923 9,726

(11,250) (1,614) (3,845)

(18,851) (6,628) (6,699)

Net increase (decrease) arising from transactions involving financial assets and liabilities Net increase (decrease) arising from transactions involving non-financial assets and liabilities (1)

720

Income taxes paid

(1,529)

(255)

Net increase (decrease) in assets and liabilities resulting from operating activities Net cash flows generated by operating activities (A) – Ongoing operations Net cash flows generated by operating activities (A) – Discontinued operations

(17,518) (4,920)

(22,707) (15,616)

16

129

Net increase (decrease) related to financial assets and equity investments

6,785 (189)

2,914

Net increase (decrease) related to investment property

184

Net increase (decrease) related to property, plant and equipment, and intangible assets Net cash flows generated by investing activities (B) – Ongoing operations Net cash flows generated by investing activities (B) – Discontinued operations Net increase (decrease) arising from transactions with shareholders (2) Other increases (decreases) generated by financing activities (3) Net cash flows generated by financing activities (C) – Ongoing operations Net cash flows generated by financing activities (C) – Discontinued operations Impact of changes in exchange rates (D) – Ongoing operations Impact of changes in exchange rates (D) – Discontinued operations

(1,322)

(870) 2,264

5,290

16

(36) 168

154

(576) (424)

(279)

(90) (21) 580

1

276

(1)

1

Cash flow on assets and liabilities held for sale (E)

(353)

TOTAL NET CASH FLOWS (A+B+C+D+E)

223

(13,142) 94,701 94,701 (6,618)

Cash and net balance of accounts with central banks Cash and net balance of accounts with central banks (assets) Net balance of demand transactions with banks

76,450 76,459 (1,506)

7,941

6,877

Current accounts with overdrafts (4) Demand accounts and loans Demand accounts in credit Demand repurchase agreements Opening cash and cash equivalents

105

142

(7,364) (2,188) 74,944 80,246 80,246 (5,080)

(8,879) (4,758) 88,083 76,449 76,458 (1,507)

Cash and net balance of accounts with central banks Cash and net balance of accounts with central banks (assets) Net balance of demand transactions with banks

6,706

7,941

Current accounts with overdrafts (4) Demand accounts and loans Demand accounts in credit Demand repurchase agreements Closing cash and cash equivalents

50

105

(9,389) (2,446) 75,167

(7,364) (2,189) 74,942

NET CHANGE IN CASH AND CASH EQUIVALENTS

223

(13,142)

Including cash flows relating to lease liabilities for -€479 million at December 31, 2019. (1) Cash flows from or to the shareholders mainly include: (2)

the redemption of deeply subordinated notes recorded as equity for -€747 million (-€298 million in 2018); • interest paid on deeply subordinated notes recorded as equity for -€73 million (-€65 million in 2018); • net changes in share capital and additional paid-in capital of the Banques Populaires and Caisses d’Epargne amounting to +€1,633 million (+€1,404 million in 2018); • dividend payouts amounting to -€1,406 million (-€878 million in 2018). • Cash flows from financing activities mainly include the impact of redemptions of subordinated notes and loans for -€576 million (-€279 million in 2018). (3) Current accounts with overdrafts do not include Livret A, LDD and LEP savings accounts centralized with the Caisse des Dépôts et Consignations. (4)

224

UNIVERSAL REGISTRATION DOCUMENT 2019 | GROUPE BPCE

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