BPCE - 2019 Universal Registration Document

FINANCIAL REPORT

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

IFRS Consolidated Financial Statements of 5.3 BPCE SA group as at December 31, 2019

5.3.1

Consolidated income statement

Notes

Fiscal year 2019

Fiscal year 2018 (1)

in millions of euros

Interest and similar income Interest and similar expenses (1)

4.1 4.1 4.2 4.2 4.3 4.4 4.5

11,647 (10,230)

11,078 (9,592)

Commission income Commission expenses

6,342

6,377

(2,305)

(2,364)

Net gains or losses on financial instruments at fair value through profit or loss

1,854

1,712

Net gains or losses on financial instruments at fair value through other comprehensive income Net gains or losses arising from the derecognition of financial assets at amortized cost

103

72 24

9

Net income from insurance activities

9.2.1

3,132 1,308 (714)

2,934 1,280 (721)

Income from other activities Expenses from other activities

4.6 4.6

Net banking income Operating expenses

11,145 (8,181)

10,800 (8,410)

4.7

Depreciation, amortization and impairment for property, plant and equipment and intangible assets

(678) 2,286 (503) 1,782

(385) 2,005 (385) 1,620

Gross operating income

Cost of credit risk Operating income

7.1.1

5

Share in net income of associates and joint ventures

12.4.2

231

248

Gains or losses on other assets Change in the value of goodwill

4.8

(7)

4

(84)

(16)

Income before tax

1,923 (594) 1,329 (698)

1,856 (389) 1,467 (782)

Income tax Net income

11.1

Non-controlling interests

5.16.1

NET INCOME ATTRIBUTABLE TO EQUITY HOLDERS OF THE PARENT 685 Information in respect of fiscal year 2018 has not been restated to account for the impacts of the first-time application of IFRS 16 “Leases” in accordance with the option offered (1) by this standard. The impacts of the first-time application of IFRS 16 on the balance sheet at January 1, 2019 are presented in Note 2.2. 631

367

UNIVERSAL REGISTRATION DOCUMENT 2019 | GROUPE BPCE