BPCE - 2019 Universal Registration Document

5

FINANCIAL REPORT

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

4.6

INCOME AND EXPENSES FROM OTHER ACTIVITIES

Accounting principles Income and expenses from other activities mainly include: income and expenses on investment property (rental income and expense, gains and losses on disposals, depreciation, • amortization and impairment); income and expenses on operating leases; • income and expenses on real estate development activities (revenues, purchases used). •

Fiscal year 2019

Fiscal year 2018

Income

Expense

Net

Income

Expense

Net

in millions of euros

Income and expenses from real estate activities Income and expenses from leasing transactions Income and expenses from investment property

5

(1)

4

6

(1)

5

584 142

(517)

67 80 23

470 135

(428)

43 53

(62) (13)

(82)

Share of joint ventures

36

18 11

(9) (6)

9 5

Transfers of expenses and income Other operating income and expenses

7

(5)

2

504

(396)

108

500

(478)

22

Net additions to/reversals from provisions to other operating income and expenses

38

38

187 717

187 223 324

Other banking income and expenses

586

(414) (994)

171 322

(493)

TOTAL INCOME AND EXPENSES FROM OTHER ACTIVITIES

1,316

1,328

(1,004)

Income and expenses from insurance businesses are presented in Note 9.

4.7

OPERATING EXPENSES

Accounting principles Operating expenses include mainly payroll costs (wages and salaries net of rebilled amounts), social security charges, and employee benefit expenses such as pension costs. Operating expenses also include the full amount of administrative expenses and external service costs.

Fiscal year 2019

Fiscal year 2018

in millions of euros

Payroll costs

(10,555)

(10,629)

Taxes other than on income (1)

(893)

(895)

External services and other operating expenses

(4,861) (5,754) (16,309)

(5,258) (6,154)

Other administrative costs

TOTAL OPERATING EXPENSES (2) (16,783) Taxes other than on income included, in particular, the contribution to the SRF (Single Resolution Fund) for an annual amount of €375 million (versus €340 million in 2018) and the (1) systemic risk tax for an annual amount of €19 million (versus €60 million in 2018). For fiscal year 2019, general operating expenses included €440 million in transformation costs consisting predominantly of external expenses (€292 million) and payroll costs (2) (€121 million).

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UNIVERSAL REGISTRATION DOCUMENT 2019 | GROUPE BPCE

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