BPCE - 2019 Universal Registration Document

5

FINANCIAL REPORT

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

Consolidated cash flow statement 5.3.5

Fiscal year 2019

Fiscal year 2018

in millions of euros

Income before tax

1,923

1,856

Net depreciation and amortization of property, plant and equipment, and intangible assets

781

456

Goodwill impairment

84

10

Net charge to provisions and provisions for impairment (including insurance companies’ technical reserves)

8,858 (122)

6,029 (151) (754)

Share in net income of associates

Net cash flows generated by investing activities

(1,237)

Other changes

611

861

Total non-monetary items included in net income before tax Net increase (decrease) arising from transactions with banks Net increase (decrease) arising from transactions with customers

8,974

6,451

(10,716) (4,191) (2,104)

(7,688) (8,013) (5,796) (2,104)

Net increase (decrease) arising from transactions involving financial assets and liabilities Net increase (decrease) arising from transactions involving non-financial assets and liabilities (1)

630

Income taxes paid

(626)

396

Net increase (decrease) in assets and liabilities resulting from operating activities Net cash flows generated by operating activities (A) – Ongoing operations Net cash flows generated by operating activities (A) – Discontinued operations

(17,007) (6,128)

(23,205) (14,876)

16

(23)

Net increase (decrease) related to financial assets and equity investments

4,157 (160) (496) 3,517 (138) (576) (715) 16

2,344

Net increase (decrease) related to investment property

143

Net increase (decrease) related to property, plant and equipment, and intangible assets Net cash flows generated by investing activities (B) – Ongoing operations Net cash flows generated by investing activities (B) – Discontinued operations Net increase (decrease) arising from transactions with shareholders (2) Other increases (decreases) generated by financing activities (3) Net cash flows generated by financing activities (C) – Ongoing operations Net cash flows generated by financing activities (C) – Discontinued operations Impact of changes in exchange rates (D) – Ongoing operations Impact of changes in exchange rates (D) – Discontinued operations

(457) 2,069

(39)

(376) (100) (454)

1

(22) 578

281

(1)

2

Cash flow on assets and liabilities held for sale (E)

(512)

TOTAL NET CASH FLOWS (A+B+C+D+E)

(3,045) 66,647 66,656 (17,391)

(13,276)

Cash and net balance of accounts with central banks Cash and net balance of accounts with central banks (assets) Net balance of demand transactions with banks

82,721 82,721

(20,189)

7,278

6,441

Current accounts with overdrafts (4) Demand accounts and loans Demand accounts in credit Demand repurchase agreements Opening cash and cash equivalents

170

372

(22,650) (2,188) 49,256 72,602 72,602 (26,392)

(22,244) (4,758) 62,532 66,647 66,656 (17,391)

Cash and net balance of accounts with central banks Cash and net balance of accounts with central banks (assets) Net balance of demand transactions with banks

6,185

7,278

Current accounts with overdrafts (4) Demand accounts and loans Demand accounts in credit Demand repurchase agreements Closing cash and cash equivalents

56

170

(30,187) (2,446) 46,211 (3,045)

(22,650) (2,189) 49,256 (13,276)

NET CHANGE IN CASH AND CASH EQUIVALENTS

Including cash flows relating to lease liabilities for -€407 million at December 31, 2019. (1) Cash flows from or to the shareholders mainly include: (2)

the redemption of deeply subordinated notes recorded as equity for -€748 million (-€298 million in 2018); • interest paid on deeply subordinated notes recorded as equity for -€110 million (-€64 million in 2018); • BPCE SA’s capital increase and additional paid-in capital totaling +€1,402 million; • dividend payouts amounting to -€1,430 million (-€713 million in 2018). •

Cash flows from financing activities mainly include the impact of redemptions of subordinated notes and loans for -€576 million (-€100 million in 2018). (3) Current accounts with overdrafts do not include Livret A, LDD and LEP savings accounts centralized with the Caisse des Dépôts et Consignations. (4)

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UNIVERSAL REGISTRATION DOCUMENT 2019 | GROUPE BPCE

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