BPCE - 2019 Universal Registration Document

5

FINANCIAL REPORT

BPCE PARENT COMPANY ANNUAL FINANCIAL STATEMENTS

3.3

FEES AND COMMISSIONS

Accounting principles Fees and commissions that are similar in nature to interest are recognized under “Interest and similar income and expenses” (see Note 3.1). Other commission income is recognized according to the type of service provided as follows: commissions received for an ad hoc service are recognized on completion of the service; • commissions received for an ongoing or discontinued service paid for in several installments are recognized over the period in • which the service is provided.

Fiscal year 2019

Fiscal year 2018

Income

Expense

Net

Income

Expense

Net

in millions of euros

Cash and interbank transactions

8 1 0

(2) (1) (1)

6 0

14

(2) (1) (3)

12

Customer transactions Securities transactions

1 1

0

(1) (9)

(2)

Payment services

150

(159)

140

(160)

(20)

Foreign exchange transactions Off-balance sheet commitments

0 1

0 0

0 1

0 0 0 0 0

0 0

0 0

Financial services* Consulting services

68

(7)

61

(8)

(8)

0 0

0 0

0 0

0 0

0 0

Other fee and commission income/(expense)

TOTAL

228

(170)

58

156

(174)

(18)

€67 million of the increase in fees and commissions can be attributed to the consolidation of EuroTitres (custody business). *

3.4

NET GAINS OR LOSSES ON TRADING BOOK TRANSACTIONS

Accounting principles Net gains or losses on trading book transactions include: net gains or losses on balance sheet and off-balance sheet securities transactions; • net gains or losses on outright forward foreign exchange transactions, arising from currency purchases and sales and the • periodic valuation of currency and precious metal transactions; net gains or losses from transactions in futures or options instruments, including hedging of trading book transactions. •

Fiscal year 2019

Fiscal year 2018

in millions of euros

Trading securities

0

0

Foreign exchange transactions

(2)

(6)

Forward transactions*

347 345

1

TOTAL (5) The gain recorded in 2019 was due to the recognition in the income statement, in the amount of €345 million, of an option premium not recognized before maturity, in accordance * with French GAAP (winding-up of the Natixis CIB exposures run-off activity) (see 1.3).

510

UNIVERSAL REGISTRATION DOCUMENT 2019 | GROUPE BPCE

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