BPCE - 2020 Universal Registration Document

5

FINANCIAL REPORT

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

8.2.4 Main actuarial assumptions

OTHER INFORMATION

Fiscal year 2020

Fiscal year 2019

CAR-BP

CGP-CE

CAR-BP

CGP-CE

Discount rate Inflation rate Life tables used

0.38% 1.60%

0.61% 1.60%

0.62% 1.60%

0.86% 1.60%

TGH05-TGF05

TGH05-TGF05

TGH05-TGF05

TGH05-TGF05

Duration

14 years

18 years

14 years

18 years

Sensitivity of actuarial liabilities to changes in the principal assumptions At December 31, 2020, a 0.5% change in the discount rate and the inflation rate would have the following impact on actuarial liabilities:

12/31/2020

12/31/2019

CAR-BP

CGP-CE

CAR-BP

CGP-CE

% Amount

% Amount

% Amount

% Amount

as a% and in millions of euros

+0.5% change in the discount rate -0.5% decrease in the discount rate +0.5% increase in the inflation rate -0.5% decrease in the inflation rate

(6.68%) 7.48% 6.79% (5.64%)

(56)

(8.38%) 9.56% 7.56% (6.85%)

(542)

(6.73%) 7.54% 6.88% (5.71%)

(57)

(8.48%) 9.68% 7.77% (7.03%)

(538)

63 57

618 489

64 59

614 493

(48)

(443)

(49)

(446)

Payment schedule – (non-discounted) amounts paid to beneficiaries

12/31/2020

12/31/2019

CAR-BP

CGP-CE

CAR-BP

CGP-CE

in millions of euros

Year N+1 to N+5 Year N+6 to N+10 Year N+11 to N+15 Year N+16 to N+20

182 171 154 130 256

819 918 930 854

183 175 159 137 283

785 900 932 870

Year > N+20

2,217

2,368

Breakdown of fair value of CAR-BP plan assets (including reimbursement rights) and CGP-CE plan assets

12/31/2020

12/31/2019

CAR-BP

CGP-CE

CAR-BP

CGP-CE

Weighting by category

Fair value of plan assets

Weighting by category

Fair value of plan assets

Weighting by category

Fair value of plan assets

Weighting by category

Fair value of plan assets

as a% and in millions of euros

Cash

1.30% 37.70% 51.70%

6

1.00% 8.40%

73

2.70% 42.20% 55.10%

13

1.10% 9.00%

80

Equities

179 246

616

197 258

658

Bonds

88.40% 6 481

87.90% 6,425

Real estate

2.20%

161

2.00%

146

Investment funds

9.30%

44

TOTAL

100.00%

476 100.00% 7 332 100.00%

468 100.00% 7,310

316

UNIVERSAL REGISTRATION DOCUMENT 2020 | GROUPE BPCE

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