BPCE - 2020 Universal Registration Document

5

FINANCIAL REPORT

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

Consolidated cash flow statement 5.3.5

Fiscal year 2020

Fiscal year 2019

in millions of euros

Income before tax

500 689

1,923

Net depreciation and amortization of property, plant and equipment, and intangible assets

781

Goodwill impairment

0

84

Net charge to provisions and provisions for impairment (including insurance companies’ technical reserves)

4,761 (217) (263) (866) 4,104

8,858 (122)

Share in net income of associates

Net cash flows generated by investing activities

(1,237)

Other changes

611

Total non-monetary items included in net income before tax Net increase (decrease) arising from transactions with banks Net increase (decrease) arising from transactions with customers

8,974

44,651

(10,716) (4,191) (2,104)

5,400

Net increase (decrease) arising from transactions involving financial assets and liabilities Net increase (decrease) arising from transactions involving non-financial assets and liabilities

(6,649)

516

630

Income taxes paid

(394)

(626)

Net increase (decrease) in assets and liabilities resulting from operating activities

43,524 48,128

(17,007) (6,111)

Net cash flows generated by operating activities (A) (3)

Net increase (decrease) related to financial assets and equity investments

1,424

4,157 (160) (496) 3,705 (138) (576) (714)

Net increase (decrease) related to investment property

(50)

Net increase (decrease) related to property, plant and equipment, and intangible assets

(571)

Net cash flows generated by investing activities (B) (3) Net increase (decrease) arising from transactions with shareholders (1) Other increases (decreases) generated by financing activities (2) Net cash flows generated by financing activities (C) (3)

803

(1,081)

(449)

(1,530) (1,708) (1,025) 44,667 72,602 72,602

Impact of changes in exchange rates (D) (3)

279

Cash flow on assets and liabilities held for sale (E) (3)

0

TOTAL NET CASH FLOWS (A+B+C+D+E)

(3,045) 66,647 66,656

Cash and net balance of accounts with central banks Cash and net balance of accounts with central banks (assets) Balance of accounts with central banks (liabilities) Net balance of demand transactions with banks

(0)

(9)

(26,392)

(17,391)

Current accounts with overdrafts (4) Demand accounts and loans Demand accounts in credit Demand repurchase agreements Opening cash and cash equivalents

6,185

7,278

56

170

(30,187) (2,446) 46,211 148,709 148,709 (57,831)

(22,650) (2,188) 49,256 72,602 72,602 (26,392)

Cash and net balance of accounts with central banks Cash and net balance of accounts with central banks (assets) Net balance of demand transactions with banks

Current accounts with overdrafts (4) Demand accounts and loans Demand accounts in credit Demand repurchase agreements Closing cash and cash equivalents

5,197

6,185

31

56

(60,348) (2,710) 90,878 44,667

(30,187) (2,446) 46,211 (3,045)

NET CHANGE IN CASH AND CASH EQUIVALENTS

Cash flows from or to the shareholders mainly include: (1) dividend payouts amounting to -€1,081 million (-€1,216 million in 2019); • BPCE SA’s capital increase and additional paid-in capital totaling +€321 million. •

Cash flows from financing activities mainly include the impact of redemptions of subordinated notes and loans for -€449 million (-€576 million in 2019). (2) In 2020, a change in presentation was made to improve the readability of cash flow on assets and liabilities held for sale, by reporting these as a separate item. (3) Current accounts with overdrafts do not include Livret A, LDD and LEP savings accounts centralized with the Caisse des Dépôts et Consignations. (4)

394

UNIVERSAL REGISTRATION DOCUMENT 2020 | GROUPE BPCE

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