BPCE - 2020 Universal Registration Document

FINANCIAL REPORT

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

5.1.6

Notes to the financial statements of Groupe BPCE

5.8 5.9

Investment property

285

Note 1

General framework

247

Property, plant and equipment and

1.1

Groupe BPCE

247 247 248 249

intangible assets

286 287

1.2 1.3 1.4 1.5

Guarantee mechanism

Debt securities 5.10

Significant events

Amounts due to banks and similar and 5.11 customers Accrued expenses and other liabilities 5.12

Post-balance sheet events

288 289 289 291

Impact of the health crisis on the financial

statements

249

Provisions 5.13

Subordinated debt 5.14

Note 2

Applicable accounting standards

Ordinary shares and equity instruments 5.15 issued

and comparability

252

292 293

2.1 2.2 2.3 2.4

Regulatory framework Accounting standards

252 252 254

Non-controlling interests 5.16

Changes in gains and losses recognized 5.17

directly in other comprehensive income 294

Use of estimates and judgments

Offsetting of financial assets and financial 5.18 liabilities Transferred financial assets, other financial 5.19 assets pledged as collateral and assets received as collateral that can be sold or repledged Financial instruments subject to benchmark 5.20 index reform

Presentation of the consolidated financial

295

statements and closing date General accounting principles and measurement methods

254

2.5

255

297

Note 3

Consolidation

257

3.1 3.2

Consolidating entity

257

299

Scope of consolidation – consolidation

and valuation methods Consolidation rules

257 259

Note 6

Commitments

300

3.3 3.4

6.1 6.2

Loan commitments

301 301

Changes in the scope of consolidation

Guarantee commitments

during fiscal year 2020

260 261

5

3.5

Goodwill

Note 7

Exposure to risks

302

Note 4

Notes to the income statement

263

7.1

Credit risk Market risk

302 312 312 312

7.2 7.3 7.4

4.1 4.2

Interest and similar income and expenses

263

Interest rate risk and exchange rate risk

Fee and commission income and

Liquidity risk

expenses

264

4.3

Net gains or losses on financial instruments

Note 8

Employee benefits and similar

312

at fair value through profit or loss

266

Net gains or losses on financial instruments 4.4 at fair value through other comprehensive income Net gains or losses arising from the derecognition of financial assets at amortized cost 267 Income and expenses from other activities 4.6 268 Operating expenses 4.7 268 Gains or losses on other assets 4.8 269 Notes to the balance sheet 269 4.5 267

8.1 8.2 8.3

Payroll costs

313 313 317

Employee benefits

Share-based payments

Note 9

Insurance businesses

319 320 327

9.1 9.2 9.3

Notes to the balance sheet Notes to the income statement Information to be provided on the temporary exemption of insurance businesses from IFRS 9

329

Note 5

5.1 5.2

Cash and central banks

269

Note 10

Fair value of financial assets and

Financial assets and liabilities at fair value

liabilities

329

through profit or loss Hedging derivatives

270 275

Fair value of financial assets and liabilities 10.1 Fair value of financial assets and liabilities at 10.2 amortized cost

335

5.3 5.4

Financial assets at fair value through other

345

comprehensive income Assets at amortized cost

280 282 284

5.5 5.6 5.7

Note 11

Income taxes

346

Accrued income and other assets Non-current assets held for sale and

11.1

Income tax

346 347

Deferred tax assets and liabilities 11.2

associated liabilities

284

245

UNIVERSAL REGISTRATION DOCUMENT 2020 | GROUPE BPCE