BPCE - 2020 Universal Registration Document

5

FINANCIAL REPORT

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

5.1.5

Consolidated cash flow statement

Fiscal year 2020 Fiscal year 2019

in millions of euros

Income before tax

2,789 1,440

5,538 1,447

Net depreciation and amortization of property, plant and equipment, and intangible assets

Goodwill impairment

0

84

Net charge to provisions and provisions for impairment (including insurance companies’ technical reserves)

5,557 (232) (591)

8,928 (150)

Share in net income of associates

Net cash flows generated by investing activities

(1,687) (1,544)

Other changes

(2,008)

Total non-monetary items included in net income before tax Net increase (decrease) arising from transactions with banks Net increase (decrease) arising from transactions with customers

4,167

7,077

61,239 16,464 (11,012)

(11,250) (1,614) (3,845)

Net increase (decrease) arising from transactions involving financial assets and liabilities Net increase (decrease) arising from transactions involving non-financial assets and liabilities

763

720

Income taxes paid

(1,389) 66,064 73,020

(1,529)

Net increase (decrease) in assets and liabilities resulting from operating activities

(17,518) (4,904)

Net cash flows generated by operating activities (A) (3)

Net increase (decrease) related to financial assets and equity investments

2,455

6,785 (189)

Net increase (decrease) related to investment property

(65)

Net increase (decrease) related to property, plant and equipment, and intangible assets

(1,074)

(1,322)

Net cash flows generated by investing activities (B) (3) Net increase (decrease) arising from transactions with shareholders (1) Other increases (decreases) generated by financing activities (2) Net cash flows generated by financing activities (C) (3)

1,317

5,274

680

154

(449)

(576) (423)

231

Impact of changes in exchange rates (D) (3)

(1,704) (1,025) 71,839 80,246 80,246 (5,080) (9,389) (2,446) 75,167 153,403 153,403 (6,396) 6,706 50

275

Cash flow on assets and liabilities held for sale (E) (3)

0

TOTAL NET CASH FLOWS (A+B+C+D+E)

223

Cash and net balance of accounts with central banks Cash and net balance of accounts with central banks (assets) Net balance of demand transactions with banks

76,450 76,450 (1,506)

Current accounts with overdrafts (4) Demand accounts and loans Demand accounts in credit Demand repurchase agreements Opening cash and cash equivalents

7,941

105

(7,364) (2,188) 74,944 80,246 80,246 (5,080)

Cash and net balance of accounts with central banks Cash and net balance of accounts with central banks (assets) Net balance of demand transactions with banks

Current accounts with overdrafts (4) Demand accounts and loans Demand accounts in credit Demand repurchase agreements Closing cash and cash equivalents

5,780

6,706

5

50

(9,471) (2,710) 147,006 71,839

(9,389) (2,446) 75,167

NET CHANGE IN CASH AND CASH EQUIVALENTS

223

Cash flows from or to the shareholders mainly include: (1) net changes in share capital and additional paid-in capital of the Banques Populaires and Caisses d’Epargne amounting to +€1,191 million (+€1,633 million in 2019); • dividend payouts amounting to -€511 million (-€1,406 million in 2019). • Cash flows from financing activities mainly include the impact of redemptions of subordinated notes and loans for -€449 million (-€576 million in 2019). (2) In 2020, a change in presentation was made to improve the readability of cash flow on assets and liabilities held for sale, by reporting these as a separate item. (3) Current accounts with overdrafts do not include Livret A, LDD and LEP savings accounts centralized with the Caisse des Dépôts et Consignations. (4)

244

UNIVERSAL REGISTRATION DOCUMENT 2020 | GROUPE BPCE

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