BPCE - 2019 Universal Registration Document

BPCE MANAGEMENT REPORT FINANCIAL REPORT

PAYMENT TERMS GRANTED TO CUSTOMERS AND SUPPLIERS Pursuant to Article L. 441-6-1 of the French Commercial Code, all French companies for which annual financial statements are certified by Statutory Auditors shall disclose information in their management report on the payment terms granted to their customers and suppliers, in accordance with the provisions of Article D. 441-4 of the French Commercial Code, amended by Ministerial Decree No. 2015-1553 dated November 27, 2015 and No. 2017-350 dated March 20, 2017. This information does not include banking transactions and related operations.

Invoices received and due but not settled at the balance sheet date

Total (1 day and more)

0 day (indicative)

1 to 30 days

31 to 60 days

61 to 90 days 91 days and more

in euros

(A) Categories of overdue payments Number of invoices concerned Total amount of invoices concerned (including taxes) (1) Percentage of total amount of purchases including taxes for the fiscal year Percentage of revenue before taxes for the fiscal year (B) Invoices excluded from (A) relating to disputed or unrecognized receivables and payables Number of invoices excluded Total amount of invoices excluded (C) Benchmark payment terms used (contractual or legal term – Article L. 441-6 or Article L. 443-1 of the French Commercial Code) Payment terms used to calculate overdue payments (A) Categories of overdue payments Total amount of invoices concerned (including taxes) Percentage of total amount of sales including taxes for the fiscal year Percentage of revenue before taxes for the fiscal year (B) Invoices excluded from (A) relating to disputed or unrecognized receivables and payables Number of invoices excluded Total amount of invoices excluded (C) Benchmark payment terms used (contractual or legal term – Article L. 441-6 or Article L. 443-1 of the French Commercial Code) Payment terms used to calculate overdue payments in euros

446

-

-

-

-

608

11,897,956

432,425

2,340,810

446,932

(2,139,266)

1,080,901

The percentage of unpaid invoices received, at the balance sheet date, was less than 1% of the total amount of purchases including taxes during the fiscal year.

-

-

-

-

-

- -

- -

- -

- -

- -

None None

Legal term: Within 30 days of invoice date

5

Accounts receivable correspond to accounts in credit or advances. (1)

Invoices issued and due but not settled at the balance sheet date

Total (1 day and more)

0 day (indicative)

1 to 30 days

31 to 60 days

61 to 90 days 91 days and more

71,891

5,139,209

915,349

125,374

2,627,763

8,807,695

The percentage of invoices issued but not settled at the balance sheet date was less than 1% of the total amount of sales (including tax) recorded during the fiscal year.

-

- -

- -

- -

- -

- -

None None

Legal term: Within 30 days of invoice date

501

UNIVERSAL REGISTRATION DOCUMENT 2019 | GROUPE BPCE