BPCE - 2020 Universal Registration Document

FINANCIAL REPORT

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

12/31/2020

12/31/2019

Accumulated depreciation and impairment

Accumulated depreciation and impairment

Gross amount

Gross amount

Net amount

Net amount

in millions of euros

Property, plant and equipment

11,627

(7,579) (2,136) (5,443)

4,048 2,077 1,971

11,720

(7,570) (2,167) (5,403)

4,150 2,158 1,993

Real estate assets Movable assets

4,214 7,413

4,324 7,396

Property, plant & equipment leased under operating leases

782 782

(269) (269) (982) (969)

513 513

733 733

(255) (255) (568) (556)

478 478

Movable assets

Right-of-use assets for lease contracts (1)

2,644 2,621

1,661 1,651

2,388 2,352

1,820 1,795

Real estate assets

o/w contracted during the period

2

2

138

(24) (12)

114

Movable assets

23

(13)

10

36

24

o/w contracted during the period

6

(1)

5

TOTAL PROPERTY, PLANT & EQUIPMENT

15,053

(8,830) (2,755) (2,431)

6,222 1,038

14,841

(8,393) (2,817) (2,344)

6,448 1,089

Intangible assets

3,792 3,014

3,906 2,990

Software

582 456

646 443

Other intangible fixed assets TOTAL INTANGIBLE ASSETS

778

(323)

915

(472)

3,792 1,089 The application of the IFRS IC decision in 2019 would have resulted in the recognition of an additional amount of +€126 million in right-of-use assets (net book value at (1) December 31, 2019). DEBT SECURITIES 5.10 Accounting principles Issues of debt securities not classified as financial liabilities at fair value through profit or loss or through other comprehensive income are initially recognized at fair value less any transactioncosts. They are subsequentlymeasured at amortized cost at each balance sheet date using the effective interest method. These instruments are recognized on the balance sheet under “Amounts due to banks”, “Amounts due to customers”or “Debt securities”. Debt securities are classified based on the nature of the underlying, with the exception of subordinated notes presented under “Subordinated debt”. Securities are recorded in the balance sheet onthe settlement-delivery date. The first-in, first-out (FIFO) method is applied toany partial disposals of securities, except in special cases. A new category of liabilities eligible for the numerator in the TLAC (Total Loss Absorbing Capacity) calculation has been introduced by French law and is commonly referred to as “senior non-preferreddebt”. These liabilities rank between own funds and other senior preferred debt. (2,755) 1,038 3,906 (2,817)

5

12/31/2020

12/31/2019

in millions of euros

Bonds

126,207 76,768

125,036 92,180

Interbank market instruments and negotiable debt securities Other debt securities that are neither preferred nor subordinated

1,970

2,266

Senior non-preferred debt

22,065 227,010

18,297 237,779

Total

Accrued interest

1,191

1,562

TOTAL DEBT SECURITIES

228,201

239,341

The fair value of debt securities is presented in Note 10.

287

UNIVERSAL REGISTRATION DOCUMENT 2020 | GROUPE BPCE