BPCE - 2019 Universal Registration Document

5

FINANCIAL REPORT

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

5.6

ACCRUED INCOME AND OTHER ASSETS

12/31/2019

12/31/2018

in millions of euros

Collection accounts Prepaid expenses

1,705

5,503

474

375

Accrued income Other accruals

1,013 3,624 6,816

1,126 3,770

Accrued income and prepaid expenses

10,774

Settlement accounts in debit on securities transactions

186

365

Other obligors Other assets

17,324 17,510 24,326

17,984 18,349 29,123

TOTAL ACCRUED INCOME AND OTHER ASSETS

5.7

NON-CURRENT ASSETS HELD FOR SALE AND ASSOCIATED LIABILITIES

Accounting principles Where a decision is made to sell non-current assets and it is highly probable that the sale will occur within 12 months, these assets are shown separately on the balance sheet on the “Non-current assets held for sale” line. Any liabilities associated with these assets are also shown separately on the balance sheet on the “Liabilities associated with non-current assets held for sale” line. Once classified in this category, non-current assets are no longer depreciated/amortized and are measured at the lowest of their carrying amount or fair value less sales costs. Financial instruments continue to be measured in accordance with IFRS 9. A non-current asset (or group of assets) is held for sale when its carrying amount is recovered by its sale. The asset (or group of assets) must be immediately available for sale and it must be highly likely that the sale will be completed within the next twelve months.

Bank AG was no longer a strategic asset and had initiated a disposal process, automatically presenting the entity’s assets and liabilities in accordance with IFRS 5. In the second half of 2019, as the prospect of selling the entity within 12 months had become less probable, these assets and liabilities were reclassified in the consolidated balance sheet. At December 31, 2019, “Non-current assets held for sale” and “Liabilities associated with non-current assets held for sale” thus included the assets and liabilities of BanqueTuniso-Kowetienne, currently in the process of being sold.

At December 31, 2018, “Non-current assets held for sale” and “Liabilities associated with non-current assets held for sale” related to the assets and liabilities of BPCE International’s African subsidiaries and the assets and liabilities of subsidiary Banco Primus. In fiscal year 2019, BPCE International’s subsidiaries in Sub-Saharan Africa were sold (see Note 1.3). Furthermore, lacking the approval of the Portuguese authorities, Groupe BPCE elected to no longer use IFRS 5 classification for the assets and liabilities of subsidiary Banco Primus. Lastly, at June 30, 2019 Groupe BPCE had considered that its investment in Fidor

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UNIVERSAL REGISTRATION DOCUMENT 2019 | GROUPE BPCE

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