BPCE - 2019 Universal Registration Document

FINANCIAL REPORT

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

Notes to the financial statements of BPCE SA group 5.3.6

General framework Note 1

375

Property, plant and equipment and 5.9 intangible assets

413 414

1.1

Groupe BPCE

375 375 376 377

Debt securities 5.10

1.2 1.3 1.4

Guarantee mechanism

Amounts due to banks and similar and 5.11 customers Accrued expenses and other liabilities 5.12

Significant events

414 415 416 417

Post-balance sheet events

Provisions 5.13

Applicable accounting standards and Note 2 comparability

Subordinated debt 5.14

377

Ordinary shares and equity instruments 5.15 issued

2.1 2.2 2.3

Regulatory framework Accounting standards

377 377 380

418 419

Non-controlling interests 5.16

Use of estimates and judgments

Changes in gains and losses recognized 5.17

directly in other comprehensive income 420

Presentation of the consolidated financial 2.4 statements and balance sheet date

381

Offsetting of financial assets and financial 5.18 liabilities Transferred financial assets, other 5.19 financial assets pledged as collateral and assets received as collateral that can be sold or repledged

421

2.5

General accounting principles and measurement methods

381

Consolidation Note 3

384

423

3.1

Scope of consolidation– consolidation and

valuation methods Consolidation rules

384 385

Commitments Note 6

425

3.2 3.3

6.1

Loan commitments

425 426

Changes in scope of consolidation

Guarantee commitments 6.2

387 388

during fiscal year 2019

Goodwill 3.4

Exposure to risks Note 7

427

Notes to the income statement Note 4

390

7.1 7.2 7.3 7.4

427 435 435 435

Credit risk and counterparty risk

5

Market risk

4.1

Interest and similar income and expenses

390

Interest rate risk and exchange rate risk

Fee and commission income and 4.2 expenses

391

Liquidity risk

Net gains or losses on financial instruments 4.3 at fair value through profit or loss Net gains or losses on financial instruments 4.4 at fair value through other comprehensive income Net gains or losses on financial instruments 4.5 at amortized cost 394 Income and expenses from other activities 4.6 395 Operating expenses 4.7 395 Gains or losses on other assets 4.8 396 393 394

Employee benefits and similar Note 8

435

8.1

Payroll costs

436 436 438

Employee benefits 8.2 Share-based payments 8.3

440

Insurance businesses Note 9

9.1

Notes to the balance sheet

441 449

Notes to the income statement 9.2 Information to be provided on the 9.3 temporary exemption of insurance businesses from IFRS 9

Notes to the balance sheet Note 5

396

451

5.1 5.2

Cash and amounts due from central banks Financial assets and liabilities at fair value

396

Fair value of financial assets and Note 10 liabilities

through profit or loss Hedging derivatives

397 402

451 458

5.3

Fair value of financial assets and liabilities 10.1 Fair value of financial assets and liabilities at 10.2 amortized cost

Financial assets at fair value through other 5.4 comprehensive income

407 409

468

5.5

Assets at amortized cost

Accrued income and other assets 5.6

411

Income taxes Note 11

469

5.7

Non-current assets held for sale and

11.1

Income tax

469 470

associated liabilities

411 412

Deferred tax assets and liabilities 11.2

Investment property 5.8

373

UNIVERSAL REGISTRATION DOCUMENT 2019 | GROUPE BPCE