BPCE - 2020 Universal Registration Document

5

FINANCIAL REPORT

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

INCOME AND EXPENSES FROM OTHER ACTIVITIES

4.6

Accounting principles Income and expenses from other activities mainly include: income and expenses on investment property (rental income and expense, gains and losses on disposals, depreciation, • amortization and impairment); income and expenses on operating leases; • income and expenses on real estate development activities (revenues, purchases used). •

Fiscal year 2020

Fiscal year 2019

Income

Expense

Net

Income

Expense

Net

in millions of euros

Income and expenses from real estate activities Income and expenses from leasing transactions Income and expenses from investment property

8

(3)

5

5

(1)

4

491

(433)

58 30 (7)

584 142

(517)

67 80 23

99

(69) (15)

(62) (13)

Share of joint ventures

9 9

36

Transfers of expenses and income Other operating income and expenses

(8)

1

7

(5)

2

485

(347)

138

504

(396)

108

Net additions to/reversals from provisions to other operating income and expenses

18

18

38

38

Other income and expenses

522

(370) (875)

152 245

586

(414) (994)

171 322

TOTAL INCOME AND EXPENSES FROM OTHER ACTIVITIES

1,120

1,316

Income and expenses from insurance businesses are presented in Note 9.

OPERATING EXPENSES

4.7

Accounting principles Operating expenses include mainly payroll costs (wages and salaries net of rebilled amounts), social security charges, and employee benefit expenses such as pension costs. Operating expenses also include the full amount of administrativeexpenses and external service costs.

Fiscal year 2020

Fiscal year 2019

in millions of euros

Payroll costs

(10,029)

(10,555)

Taxes other than on income (1)

(924)

(893)

External services and other operating expenses

(4,374) (5,298) (15,327)

(4,861) (5,754)

Other administrative costs

TOTAL OPERATING EXPENSES (2) (16,309) Taxes other than on income include, in particular, the contribution to the SRF (Single Resolution Fund) for an annual amount of €400 million in 2020 (compared to €375 million in (1) 2019) and the TSC (Tax for the Support of Local Authorities) for an annual amount of €21 million in 2020 (compared to €19 million in 2019). Operating expenses include €425 million in transformation and restructuring costs in 2020 compared to €440 million in 2019. (2)

The breakkdown of payroll costs is provided in Note 8.1.

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UNIVERSAL REGISTRATION DOCUMENT 2020 | GROUPE BPCE

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