BPCE - 2020 Universal Registration Document

FINANCIAL REPORT

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

Notes to the financial statements of BPCE SA group 5.3.6

Note 1

General framework

397

5.9

Property, plant and equipment and

intangible assets

437 438

1.1

Groupe BPCE

397 397 398

Debt securities 5.10

1.2 1.3 1.5

Guarantee mechanism

Amounts due to banks and similar and 5.11 customers Accrued expenses and other liabilities 5.12

Significant events

439 440 440 441

Impact of the public health crisis on the

financial statements

399

Provisions 5.13

Subordinated debt 5.14

Note 2

Applicable accounting standards

Ordinary shares and equity instruments 5.15 issued

and comparability

402

443 444

2.1 2.2 2.3 2.4

Regulatory framework Accounting standards

402 402 404

Non-controlling interests 5.16

Changes in gains and losses recognized 5.17

Use of estimates and judgments

directly in other comprehensive income 445

Presentation of the consolidated financial statements and balance sheet date

Offsetting of financial assets and financial 5.18 liabilities Transferred financial assets, other financial 5.19 assets pledged as collateral and assets received as collateral that can be sold or repledged Financial instruments subject to benchmark 5.20 index reform

405

446

2.5

General accounting principles and measurement methods

405

Note 3

Consolidation

408

448

3.1

Scope of consolidation – consolidation

450

and valuation methods Consolidation rules

408 409

3.2 3.3

Note 6

Commitments

451 452 452

Changes in the scope of consolidation

6.1 6.2

Loan commitments

during fiscal year 2020

410

Guarantee commitments

3.4

Goodwill

411

Note 7

Exposure to risks

453

Note 4

Notes to the income statement

413

5

7.1

Credit risk Market risk

453 462 462 462

4.1 4.2

Interest and similar income and expenses

413

7.2 7.3 7.4

Fee and commission income and

expenses

414

Interest rate risk and exchange rate risk

4.3

Net gains or losses on financial instruments

Liquidity risk

at fair value through profit or loss

416

Net gains or losses on financial instruments 4.4 at fair value through other comprehensive income

Note 8

Employee benefits and similar

463

8.1 8.2 8.3

Payroll costs

463 463 466

417

Employee benefits

4.5

Net gains or losses arising from the derecognition of financial assets at amortized cost

Share-based payments

417 418 418 419

Note 9

Insurance businesses

468

Income and expenses from other activities 4.6

4.7

Operating expenses

9.1 9.2 9.3

Notes to the balance sheet Notes to the income statement Information to be provided on the temporary exemption of insurance businesses from IFRS 9

469 477

Gains or losses on other assets 4.8

Note 5

Notes to the balance sheet

419

479

5.1 5.2

Cash and central banks

419

Financial assets and liabilities at fair value

Note 10

Fair value of financial assets and

through profit or loss Hedging derivatives

420 425

liabilities

479

5.3 5.4

Fair value of financial assets and liabilities 10.1 Fair value of financial assets and liabilities at 10.2 amortized cost

485

Financial assets at fair value through other

comprehensive income Assets at amortized cost

431 433 435

495

5.5 5.6 5.7

Accrued income and other assets Non-current assets held for sale and

Note 11

Income taxes

496

11.1

Income tax

496 497

associated liabilities Investment property

435 436

Deferred tax assets and liabilities 11.2

5.8

395

UNIVERSAL REGISTRATION DOCUMENT 2020 | GROUPE BPCE