BPCE - 2019 Universal Registration Document

FINANCIAL REPORT

IFRS CONSOLIDATED FINANCIAL STATEMENTS OF BPCE SA GROUP 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

3

3

3

(1)

2 9

343

(294)

49 49 46 (3)

30

(21)

55

(6)

324 105

(293)

32 19

Share of joint ventures

138

(92)

(87)

Transfers of expenses and income Other operating income and expenses

1

(4)

5

(4)

1

766

(318)

447

718

(315)

403

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

3

3

94

94

Other banking income and expenses

908

(414) (714)

493 594

923

(406) (721)

516 559

TOTAL INCOME AND EXPENSES FROM OTHER ACTIVITIES

1,308

1,280

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

4.7

OPERATING EXPENSES

5

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

(5,194)

(5,221)

Taxes other than on income (1)

(475)

(469)

External services and other operating expenses

(2,512) (2,987) (8,181)

(2,720) (3,189)

Other administrative costs TOTAL OPERATING EXPENSES

(8,140) Taxes other than on income included, in particular, the contribution to the SRF (Single Resolution Fund) for an annual amount of €259 million (versus €238 million in 2018) and the (1) systemic risk tax for an annual amount of €8 million (versus €25 million in 2018).

395

UNIVERSAL REGISTRATION DOCUMENT 2019 | GROUPE BPCE