BPCE - 2019 Universal Registration Document

FINANCIAL REPORT

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

5.1.6

Notes to the financial statements of Groupe BPCE

Investment property 5.8

265

General framework

227

Note 1

Property, plant and equipment and 5.9 intangible assets

266 267

1.1

groupe BPCE

227 227 228 229

Debt securities 5.10

1.2 1.3 1.4

Guarantee mechanism

Amounts due to banks and similar, and 5.11 customers Accrued expenses and other liabilities 5.12

significant Events

267 268 269 270

Post-balance sheet events

Applicable accounting standards and

Note 2

Provisions 5.13

comparability

229

Subordinated debt 5.14

Ordinary shares and equity instruments 5.15 issued

2.1 2.2 2.3

Regulatory framework Accounting standards

229 229 232

271 272

Non-controlling interests 5.16

Use of estimates and judgments

Changes in gains and losses recognized 5.17

Presentation of the consolidated financial 2.4 statements and balance sheet date

directly in other comprehensive income 274

233

Offsetting of financial assets and financial 5.18 liabilities Transferred financial assets, other financial 5.19 assets pledged as collateral and assets received as collateral that can be sold or repledged

2.5

General accounting principles and measurement methods

275

233

236

Consolidation

Note 3

3.1 3.2

Consolidating entity

236

277

Scope of consolidation – consolidation

Commitments Note 6

279 279 280 281 281 289 289 289

and valuation methods Consolidation rules

236 238

3.3

6.1

Loan commitments

Changes in scope of consolidation 3.4 during fiscal year 2019

Guarantee commitments 6.2

239 240

Exposure to risks

Note 7

3.5

Goodwill

5

7.1 7.2 7.3 7.4

Credit risk and counterparty risk

243

Notes to the income statement Note 4

Market risk

4.1

Interest and similar income and expenses

243

Interest rate risk and exchange rate risk

Fee and commission income and 4.2 expenses

Liquidity risk

244

Net gains or losses on financial instruments 4.3 at fair value through profit or loss Net gains or losses on financial instruments 4.4 at fair value through other comprehensive income Net gains or losses on financial instruments 4.5 at amortized cost 247 Income and expenses from other activities 4.6 248 Operating expenses 4.7 248 Gains or losses on other assets 4.8 249 Notes to the balance sheet 249 246 247

Employee benefits and similar Note 8

289

8.1

PAYROLL COSTS

290 290 294

Employee benefits 8.2 Share-based payments 8.3

Insurance businesses Note 9

296

9.1

Notes to the balance sheet

297 304

Notes to the income statement 9.2 Information to be provided on the 9.3 temporary exemption of insurance businesses from IFRS 9

Note 5

306

5.1 5.2

Cash and amounts due from central banks Financial assets and liabilities at fair value

249

Fair value of financial assets and

Note 10

liabilities

306

through profit or loss Hedging derivatives

250 255

5.3

Fair value of financial assets and liabilities 10.1 Fair value of financial assets and liabilities at 10.2 amortized cost

313

Financial assets at fair value through other 5.4 comprehensive income

260 262 264

323

5.5

Assets at amortized cost

Income taxes

324

Note 11

Accrued income and other assets 5.6

11.1

Income tax

324 325

5.7

Non-current assets held for sale and

associated liabilities

264

Deferred tax assets and liabilities 11.2

225

UNIVERSAL REGISTRATION DOCUMENT 2019 | GROUPE BPCE