BPCE - 2019 Universal Registration Document

FINANCIAL REPORT

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

4.4

NET GAINS OR LOSSES ON FINANCIAL INSTRUMENTS AT FAIR VALUE THROUGH OTHER

COMPREHENSIVE INCOME

Accounting principles Financial assets at fair value through other comprehensive income include: SPPI debt instruments managed under a hold to collect and sell business model at fair value through other comprehensive • income recyclable to profit or loss. If they are sold, changes in fair value are taken to income; equity instruments at fair value through other comprehensive income not recyclable to profit or loss. In the event of disposal, • changes in fair value are not transferred to profit or loss but are taken directly to retained earnings. Only dividends affect income when they correspond to a return on investment. Gains and losses on SPPI debt instruments managed under a hold to collect and sell business model recognized at fair value through other comprehensive income recyclable to profit or loss include: income and expenses recognized in net interest income; • net gains or losses on debt financial assets at fair value through other comprehensive income; • impairment recognized in “Cost of credit risk”; • gains and losses recognized directly in other comprehensive income. •

Fiscal year 2019

Fiscal year 2018

in millions of euros

Net gains or losses on debt instruments

28

20

170

119

Net gains or losses on equity instruments (dividends)

TOTAL GAINS OR LOSSES ON FINANCIAL ASSETS AT FAIR VALUE THROUGH OTHER COMPREHENSIVE INCOME

198

139

4.5

NET GAINS OR LOSSES ON FINANCIAL INSTRUMENTS AT AMORTIZED COST

5

Accounting principles This item includes net gains or losses on financial assets at amortized cost arising from the derecognition of financial assets at amortized cost (loans and receivables, debt securities) and financial liabilities at amortized cost.

Fiscal year 2019

Fiscal year 2018

Gains

Losses

Net

Gains

Losses

Net

in millions of euros

Loans or receivables due from banks Loans or receivables due from customers

98 22

(60)

38 19 13 70

26 32

(17)

9

(3)

31

Debt securities

174 294

(161) (224) (122)

2

1

Gains and losses on financial assets at amortized cost

59

(18) (10)

41

Amounts due to banks

66

(57)

0 9 9

(10)

Debt securities

1

(4)

(3)

(3)

6

Gains and losses on financial liabilities at amortized cost TOTAL GAINS OR LOSSES ON FINANCIAL INSTRUMENTS AT AMORTIZED COST

67

(126)

(59)

(13)

(4)

361

(350)

11

69

(31)

38

247

UNIVERSAL REGISTRATION DOCUMENT 2019 | GROUPE BPCE