BPCE - 2020 Universal Registration Document

FINANCIAL REPORT

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

4.4

NET GAINS OR LOSSES ON FINANCIAL INSTRUMENTS AT FAIR VALUE THROUGH OTHER

COMPREHENSIVE INCOME

Accounting principles Financial assets at fair value through other comprehensiveincome include: SPPI debt instruments managed under a hold to collect and sell business model at fair value through other comprehensive • income recyclable to profit or loss. If they are sold, changes in fair value are taken to income; equity instruments at fair value through other comprehensive income not recyclable to profit or loss. In the event of disposal, • changes in fair value are not transferred to profit or loss but are taken directly to retained earnings. Only dividends affect income when they correspond to a return on investment. Changes in the value of SPPI debt instrumentsmanaged under a hold to collect and sell business model recognized at fair value through other comprehensive income recyclable to profit or loss include: income and expenses recognized in net interest income; • net gains or losses on derecognized debt financial assets at fair valuethrough other comprehensive income; • impairment/reversals recognized in “Cost of credit risk”; • gains and losses recognized directly in other comprehensive income. •

Fiscal year 2020

Fiscal year 2019

in millions of euros

26 59

9

Net gains or losses on debt instruments

Net gains or losses on equity instruments (dividends)

94

TOTAL GAINS OR LOSSES ON FINANCIAL ASSETS AT FAIR VALUE THROUGH OTHER COMPREHENSIVE INCOME

85

103

4.5

NET GAINS OR LOSSES ARISING FROM THE DERECOGNITION OF FINANCIAL ASSETS

5

AT AMORTIZED COST

Accounting principles This item includes net gains or losses on financial assets at amortized cost arising from the derecognition of financial assets at amortized cost (loans andreceivables, debt securities) and financial liabilities at amortized cost.

Fiscal year 2020

Fiscal year 2019

Gains

Losses

Net

Gains

Losses

Net

in millions of euros

Loans or receivables due from banks Loans or receivables due from customers

16

16

109

(60)

49 (8) 10 51

(16) (54) (70)

(16)

(8)

Debt securities

51 67

(3) (3) (4) 18 14

171 280

(161) (229) (105)

Gains and losses on financial assets at amortized cost

Amounts due to banks

1

(5) (3) (8)

66

(39)

Debt securities

21 22

(3)

(3)

Gains and losses on financial liabilities at amortized cost TOTAL GAINS OR LOSSES ON FINANCIAL INSTRUMENTS AT AMORTIZED COST

66

(108)

(42)

89

(79)

10

346

(337)

9

417

UNIVERSAL REGISTRATION DOCUMENT 2020 | GROUPE BPCE