BPCE - 2019 Universal Registration Document

FINANCIAL REPORT

BPCE PARENT COMPANY ANNUAL FINANCIAL STATEMENTS

4.9.1

STATEMENT OF CHANGES IN PROVISIONS

Other changes*

12/31/2018

Charges

Reversals

Use

12/31/2019

in millions of euros

Provisions for counterparty risks on guarantee and loan commitments

2

(1) (7) (1)

1

Provisions for employee benefits

89 24

18

(19) (13)

24

105

Provisions for litigation

6

16 10

Provisions for restructuring costs Securities portfolio and financial futures

0 0 3 0

10

0

0 6 0

Long-term investments Real estate development

5

(2)

Provisions for taxes

379

40

(65)

(6) (1) (7)

348

Other

20

(8)

11

Other provisions

402 517

45 79

(75) (84)

365

TOTAL 497 Other changes include compensation received by BPCE for the transfer of employees (creation of the Financial Solutions and Expertise division) and the integration of some Crédit * Foncier staff. (39) 24

4.9.2

PROVISIONS AND IMPAIRMENT FOR COUNTERPARTY RISKS

Other changes

12/31/2018

Charges

Reversals

Use

12/31/2019

in millions of euros

Impairment of loans and advances to customers (individual basis)

0 0 0 2 0 0 0 0 2 2

- -

- -

- -

- -

0 0 0 1 0 0 0 0 1 1

Impairment of other assets Impairment of assets

0

0

0

0

Provisions for performance risk on off-balance sheet commitments

- - - - -

(1)

- - - - -

- - - - -

Provisions for country risk

- - - -

Sector provisions

5

Other provisions for counterparty risk

Other provisions

Provisions for counterparty risk recognized as liabilities

0 0

(1) (1)

0 0

0 0

TOTAL

PROVISIONS FOR EMPLOYEE BENEFITS 4.9.3 Post-employment benefits related to defined-contribution plans Defined-contribution plans refer to mandatory social security pension schemes, as well as those managed by the pension funds AGIRC and ARRCO, and the supplementary pension schemes to which the Caisses d’Epargne and the Banques Populaires belong. BPCE’s obligations under these schemes are limited to the payment of contributions (€29 million in 2019). Post-employment benefits related to defined-benefit plans and long-term employee benefits BPCE’s obligations in this regard relate to the following schemes: the Caisse d’Epargne private supplementary pension plan, • previously managed by Caisse Générale de Retraite des Caisses d’Epargne (CGRCE), but now incorporated within

Caisse Générale de Prévoyance des Caisses d’Epargne (CGPCE), which is a retained-benefit plan. The plan was closed on December 31, 1999, and beneficiary entitlements were crystallized at this date. The retained-benefits plan is considered as a fund providing long-term employee benefits; the Banque Populaire private supplementary pension plan, • managed by Caisse Autonome de Retraite des Banques Populaires (CAR-BP), covers the pension benefits deriving from the closure of the former banking pension scheme at December 31, 1993; pensions and other post-employment benefits such as • end-of-career awards and other benefits granted to retirees; other benefits such as long-service awards and other • long-term employee benefits. These commitments are calculated in accordance with ANC Recommendation No. 2013-R-02.

533

UNIVERSAL REGISTRATION DOCUMENT 2019 | GROUPE BPCE