BPCE - 2020 Universal Registration Document

FINANCIAL REPORT

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

PRESENTATION OF THE CONSOLIDATED FINANCIAL STATEMENTS AND BALANCE SHEET DATE

2.4

2.5

GENERAL ACCOUNTING PRINCIPLES

AND MEASUREMENT METHODS The general accounting principles set out below apply to the main items of the financial statements. Specific accounting principles are presented in the Notes to which they refer. FINANCIAL ASSETS IFRS 9 is applicable to BPCE SA group excluding the insurance subsidiaries, which continue to apply IAS 39. On initial recognition, financial assets are classified at amortized cost, at fair value through other comprehensive income, or at fair value through profit or loss, according to the type of instrument (debt or equity), the characteristics of their contractual cash flows and how the entity manages its financial instruments (its business model). CLASSIFICATION AND MEASUREMENT OF 2.5.1

As no specific format is required under IFRS, the presentation used by the Group for summarized statements follows Recommendation No. 2017-02 issued by the Autorité des normes comptables (ANC – French national accounting standards authority) on June 2, 2017. The consolidated financial statements are based on the financial statements at December 31, 2020. The Group’s consolidated financial statements for the period ended December 31, 2020 were approved by the Management Board on February 9, 2021. They will be presented to the Annual General Shareholders’ Meeting on May 27, 2021. The amounts presented in the financial statements and in the notes are shown in millions of euros, unless otherwise indicated. Rounding may lead to differences between the amounts shown in the financial statements and those referred to in the notes.

What type of financial asset is concerned?

Equity instrument

Debt instrument: loans and receivables, bonds

Solely Payments of Principal and Interest (SPPI) Basic debt instruments

What are the characteristics of its contractual cash flows?

Non-SPPI Non-basic debt instruments

5

Collection of contractual cash flows

Collection of contractual cash flows + sale

FVOCI irrevocable option without later reclassification

What management model (or choice) is applied?

Trading book

FAIR VALUE THROUGH OTHER COMPREHENSIVE INCOME (FVOCI) WITH LATER RECLASSIFICATION

FAIR VALUE THROUGH OTHER COMPREHENSIVE INCOME (FVOCI) WITHOUT LATER RECLASSIFICATION

FAIR VALUE THROUGH PROFIT OR LOSS (FVPL)

Its accounting classification is therefore:

AMORTIZED COST

405

UNIVERSAL REGISTRATION DOCUMENT 2020 | GROUPE BPCE