BPCE - 2020 Universal Registration Document

FINANCIAL REPORT

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

Contributions to banking resolution mechanisms The procedure for financing the deposit and resolution guarantee fund was changed by a Ministerial Order dated October 27, 2015. For the Deposit Guarantee Fund, the cumulative amount of contributions made to the fund by the Group for deposit, collateral and securities guaranteemechanismsamounts to €982 million. Contributions (which are non-refundablein the event of a voluntary withdrawal of approval to operate) represent €239 million. Contributions paid in the form of partner or association certificates and cash security deposits, recognized as assetosn the balance sheet, total €743 million. European directive 2014/59/EU, known as the BRRD (the Bank Recovery and Resolution directive), which sets out a framework for the recovery and resolution of banks and investment firms, and European Regulation 806/2014 (the Single Resolution Mechanism (SRM) Regulation) set up a resolution fund from 2015. In 2016, this fund became a Single Resolution Fund (SRF) between the Member States participating in the Single Supervisory Mechanism (SSM). The SRF is a resolution funding mechanismavailable to the resolution authority (Single ResolutionCouncil). The latter may draw on this fund in the context of the implementation of the resolution procedures. The Single Resolution Board set the level of contributions for 2020 in accordance with Delegated Regulation 2015/63 and Implementing Regulation 2015/81 supplementing the BRRD on ex-ante contributions to bank resolution financing mechanisms. The amount of contributions paid by the Group totaled €470 million, of which €400 million recognized as an expense and €70 million in cash security deposits recognized as assets on the balance sheet (15% of funds in cash security deposits). The cumulative amount of contributions recognized as assets on thebalance sheet totaled €330 million at December 31, 2020.

GAINS OR LOSSES ON OTHER ASSETS

4.8

Accounting principles This item includes gains and losses on disposals of property, plant and equipment and intangible assets, as well as gains and losses on disposals of consolidated investments in associates.

Fiscal year 2020

Fiscal year 2019

in millions of euros

14

10 (9)

Gains or losses on disposals of property, plant and equipment and intangible assets used in operations

5

Gains or losses on disposals of consolidated investments TOTAL GAINS OR LOSSES ON OTHER ASSETS

(303) (289)

1

In 2020, gains or losses on disposals of consolidated investments mainly reflect the sale of Coface and H2O and the transactions in the Fidor group (see Note 1.3).

Note 5

Notes to the balance sheet

5.1

CASH AND CENTRAL BANKS

Accounting principles This item mainly includes cash and assets held with centrabl anks at amortized cost.

12/31/2020

12/31/2019

in millions of euros

Cash

2,739

2,924

Central banks

150,664 153,403

77,320 80,244

TOTAL CASH AND CENTRAL BANKS

269

UNIVERSAL REGISTRATION DOCUMENT 2020 | GROUPE BPCE