BPCE - 2019 Universal Registration Document

FINANCIAL REPORT

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

Financial data for the main joint arrangements and associates 12.4.1.2 Summarized financial data for material joint ventures and/or companies under notable influence are as follows (based on the last available data published by the entities in question):

Associates

CNP Assurances (group)

Socram Banque

EDF Investments Group (EIG)

in millions of euros

DIVIDENDS RECEIVED MAIN AGGREGATES Total assets

(98)

1

10

440,366 420,973

1,753 1,532

8,577

Total liabilities

49

Income statement Operating income or net banking income

2,520 (784) 1,736

25 (1)

231 (68) 162

Income tax Net income

1

CARRYING VALUE OF INVESTMENTS IN ASSOCIATES Equity of associates (1)

19,393 16.11%

221

8,528 6.11%

Percentage of ownership

33.42%

VALUE OF INVESTMENTS IN ASSOCIATES

2,821 1,961

49 ///

520

MARKET VALUE OF INVESTMENTS IN ASSOCIATES

///

The equity used by Groupe BPCE to consolidate CNP Assurances (group) via the equity method is subject to restatement (deeply subordinated notes). (1)

Groupe BPCE has no interest in any joint venture that has a material impact on the consolidated financial statements.

Summarized financial data for non-material joint ventures and companies under significant influence at December 31, 2019 is as follows:

Fiscal year 2019

Fiscal year 2018

in millions of euros

Value of investments in associates

779

366

5

Total amount of share in: Net income

(17)

14

Gains and losses recognized directly in other comprehensive income

(9)

COMPREHENSIVE INCOME

(26)

14

Nature and scope of major restrictions 12.4.1.3 BPCE SA group has not been faced with any major restrictions relating to interests held in associates and joint ventures.

12.4.2

SHARE IN NET INCOME OF ASSOCIATES

Fiscal year 2019

Fiscal year 2018

in millions of euros

CNP Assurances (group) EDF Investments Group (EIG)

227

220

10

12

Socram Banque

(25)

2 8

Other

15

Financial sector companies Non-financial companies

227

242

4

6

SHARE IN NET INCOME OF ASSOCIATES

231

248

477

UNIVERSAL REGISTRATION DOCUMENT 2019 | GROUPE BPCE