BPCE - 2019 Universal Registration Document

FINANCIAL REPORT

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

Fiscal year 2019

Securitization

Asset Management

in millions of euros

Income from entities Net interest income

32

185

1

Net fee and commission income

(1) 31

142

Net gains or losses on financial instruments at fair value through profit or loss Carrying amount of assets transferred to the entity during the fiscal year

43

948

Fiscal year 2018

Securitization

Asset Management

in millions of euros

Income from entities

1

175 169

Net fee and commission income

(1)

Net gains or losses on financial instruments at fair value through profit or loss Carrying amount of assets transferred to the entity during the fiscal year

3

5

1,181

-

STATUTORY AUDITORS’ FEES 12.6 Fees in respect of duties carried out by the Statutory Auditors, and by their networks, responsible for auditing BPCE’s financial statements in respect of the 2018 and 2019 fiscal years were as follows:

PwC

Mazars

Deloitte

TOTAL

Amount

%

Amount

%

Amount

%

Amount

%

2019

2018 2019 2018 2019 2018 2019 2018

2019

2018 2019 2018

2019

2018 2019 2018

in thousands of euros (1)

Certification of financial statements 10,652 10,518 74% 65% 2,868 3,238 59% 65% 8,946 9,705 70% 73% 22,466 23,462 70% 68% Issuer 604 805 589 684 582 827 1,775 2,316 Fully consolidated subsidiaries 10,048 9,713 2,279 2,554 8,364 8,878 20,691 21,146

5

Services other than financial statement certification (2)

3,648 5,599 26% 35% 2,028 1,720 41% 35% 3,781 3,526 30% 27% 9,457 10,845 30% 32%

Issuer

202 1,422

164

72

971

459

1,337 1,953

Fully consolidated subsidiaries

3,446 4,177

1,864 1,648

2,810 3,067

8,120 8,892

TOTAL

14,300 16,117 100% 100% 4,896 4,958 100% 100% 12,727 13,231 100% 100% 31,923 34,307 100% 100%

o/w fees paid to commissioned Statutory

Auditor/consolidating entities for certification of financial statements 9,739

2,320

1,730

13,789

o/w fees paid to commissioned Statutory Auditor/consolidating entities for services other than certification of financial statements

675

1,417

3,019

5,111

Change (as a%)

(11%)

(1%)

(4%)

(7%)

Amounts relating to services provided appear on the income statement for the reporting year, notably including unrecoverable VAT. (1) In 2019, “Services other than certification of financial statements” mainly included assignments requested by BPCE SA (€1.3 million) including in particular verification of the Group’s (2) compliance with BCBS 239 performed by Deloitte (€0.7 million) and for comfort letters relating to issues (€0.3 million) and assignments requested by Natixis SA and its subsidiaries (€6.5 million) in particular technical assistance assignments (€1.1 million), compliance support assignments related to systems in place (€1.5 million), tax audits mainly outside the European Union (€0.7 million), assignments relating to services rendered in respect of acquisitions (€0.6 million), support for regulatory and normative developments (€0.5 million), and other assignments including a benchmarking assignment on the multi-affiliate Asset Management model (€0.7 million).

481

UNIVERSAL REGISTRATION DOCUMENT 2019 | GROUPE BPCE