BPCE - 2019 Universal Registration Document

FINANCIAL REPORT

BPCE PARENT COMPANY ANNUAL FINANCIAL STATEMENTS

Fiscal year 2019

Fiscal year 2018

Reversals and uses of

Recoveries of bad debts written off

Reversals and uses of

Recoveries of bad debts written off

Charges

funds Losses

Total Charges

funds Losses

Total

in millions of euros

Impairment of assets Interbank

(1) (2)

(1) (2)

0

Customers

1

(3)

(2)

Securities portfolio and other receivables Provisions Off-balance sheet commitments Provisions for customer credit risks

0

0

1

1 0 0

0 0 0

Other

TOTAL

0

1

(3)

0

(2)

0

1

(3)

0

(2)

o/w: reversals of obsolete impairment charges reversals of utilized impairment charges

1

reversals of obsolete provisions reversals of utilized provisions NET AMOUNT OF REVERSALS

1

1

1

3.9

GAINS OR LOSSES ON LONG-TERM INVESTMENTS

Accounting principles Gains or losses on long-term investments include: gains or losses on disposals of property, plant and equipment and intangible assets used for the bank’s operations, arising from • the difference between a) capital gains and losses on disposals and b) allocations and reversals of provisions; gains or losses on investments in associates, other long-term investments, equity interests, affiliates and held-to-maturity • securities, arising from the difference between a) provision reversals and capital gains on disposals and b) provision charges and losses on disposals.

5

Fiscal year 2019

Fiscal year 2018

Property, plant and equipment and intangible assets

Property, plant and equipment and intangible assets

Equity interests and other long-term investments

Equity interests and other long-term investments

Held-to- maturity securities

Held-to- maturity securities

Total

Total

in millions of euros

Impairment Charges

(1,142)

0 0 0 0

0 0 0 0

(1,142)

(358)

0 0

0 0 0 0

(358)

Reversals

1,181 (380) (341)

1,181 (380) (341)

80

80

Net gain/(loss) on disposal

(58)

(16) (16)

(74)

TOTAL

(336)

(352)

Crédit Foncier (€359 million), – BPCE International (€659 million); – gains or losses on the sale of investments in associates and • other long-term securities, including: a capital loss of €27 million on Informatique Banque – Populaire (i-BP), which was offset by a provision reversal, a capital loss of €344 million on the transfer of assets and – liabilities (€335 million for 3F Holding), which was partially offset by a provision reversal of €137 million).

Gains or losses on investments in associates, equity interests, affiliates and other long-term investments included specifically: provisions for impairment of investments in associates: • Natixis (€1,954 million), which was offset by an exceptional – dividend of €1,069 million, Banque Palatine (€231 million), – Crédit Logement (€14 million); – reversals of provisions for impairment on investments in • associates:

513

UNIVERSAL REGISTRATION DOCUMENT 2019 | GROUPE BPCE