BPCE - 2020 Universal Registration Document

5

FINANCIAL REPORT

IFRS CONSOLIDATED FINANCIAL STATEMENTS OF GROUPE BPCE AS AT DECEMBER 31, 2020

5.1.4

Statement of changes in equity

Share capital and additional paid-in capital

Perpetual deeply subordinated notes

Additional paid-in capital (Note 5.15.1)

Share capital (Note 5.15.1)

Retained earnings

in millions of euros

SHAREHOLDERS’ EQUITY AT JANUARY 1, 2019

19,679

3,834

683

41,386

Dividend payments

(375)

3,227

(1,594)

Capital increase (Note 5.15.1)

Issue & redemption of deeply subordinated notes (Note 5.15.2)

(683)

(64) (73)

Interest on deeply subordinated notes

Impact of acquisitions and disposals on non-controlling interests (Note 5.16.2) Total activity arising from relations with shareholders Gains and losses recognized directly in shareholders equity (Note 5.17) Capital gains and losses reclassified to retained earnings

(382)

3,227

(683)

(2,488)

110

Net income for the period Comprehensive income

110 (37)

Other changes (1)

SHAREHOLDERS’ EQUITY AT DECEMBER 31, 2019

22,906

3,834

38,971

Allocation of net income for 2019

3,030

SHAREHOLDERS’ EQUITY AT JANUARY 1, 2020

22,906

3,834

42,001

Dividend payments (1)

(337)

Capital increase (Note 5.15.1)

743

448

Impact of acquisitions and disposals on non-controlling interests (Note 5.16.2) Total activity arising from relations with shareholders Gains and losses recognized directly in shareholders equity (Note 5.17) Capital gains and losses reclassified to retained earnings

450 561

743

(27)

Net income for the period Comprehensive income

(27)

Other changes (2)

(2)

12

SHAREHOLDERS’ EQUITY AT DECEMBER 31, 2020 42,547 On July 27, 2020, the European Central Bank issued Recommendation ECB/2020/35 reiterating its position announced on March 27, 2020 recommending that credit institutions (1) abstain from paying out dividends in cash until January 1, 2021. As of September 30, 2020, the Banques Populaire and the Caisses d'Epargne distributed interest on shares for a total amount of €337 million, including: €230 million in the form of new shares (see Note 5.15.1). This distribution was made through the delivery of new shares in place of full payment in cash; • €107 million in cash. • Other changes include interest on perpetual deeply subordinated notes for the portion subscribed for by non-controlling interests. (2) 23,649 3,832

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UNIVERSAL REGISTRATION DOCUMENT 2020 | GROUPE BPCE

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