BPCE - 2020 Universal Registration Document

5

FINANCIAL REPORT

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

INCOME AND EXPENSES FROM OTHER ACTIVITIES

4.6

Accounting principles Income and expenses from other activities mainly include: income and expenses on investment property (rental income and expense, gains and losses on disposals, depreciation, • amortization and impairment); income and expenses on operating leases; • income and expenses on real estate development activities (revenues, purchases used). •

Fiscal year 2020

Fiscal year 2019

Income

Expense

Net

Income

Expense

Net

in millions of euros

Income and expenses from real estate activities Income and expenses from leasing transactions Income and expenses from investment property

5

(1)

4

3

3

198

(164)

34 10 27 (5)

343

(294)

49 49 46 (3)

18

(8)

55

(6)

Share of joint ventures

120

(93)

138

(92)

Transfers of expenses and income Other operating income and expenses

2

(7)

1

(4)

990

(238)

751

766

(318)

447

Net additions to/reversals from provisions to other operating income and expenses

(13)

(13) 760 808

3

3

Other income and expenses

1,112 1,333

(351) (524)

908

(414) (714)

493 594

TOTAL INCOME AND EXPENSES FROM OTHER ACTIVITIES

1,308

Income and expenses from insurance businesses are presented in Note 9.

4.7

OPERATING EXPENSES

Accounting principles Operating expenses include mainly payroll costs (wages and salaries net of rebilled amounts), social security charges, and employee benefit expenses such as pension costs. Operating expenses also include the full amount of administrativeexpenses and external service costs.

Fiscal year 2020

Fiscal year 2019

in millions of euros Payroll costs

(4,690)

(5,194)

Taxes other than on income (1)

(452)

(475)

External services and other operating expenses

(2,203) (2,655) (7,344)

(2,512) (2,987)

Other administrative costs (2)

TOTAL GENERAL OPERATING EXPENSES (8,181) Taxes other than on income included, in particular, the contribution to the SRF (Single Resolution Fund) for an amount of €254 million in 2020 (compared to €259 million in 2019) (1) and the TSC (Tax for the Support of Local Authorities) for an amount of €8 million in 2020 (compared to €8 million in 2019). In 2020, re-invoicing of “central institution” activities are now presented in NBI and re-invoicing of Group assignments is still presented as operating expenses. NBI contributions (2) amounted to €297 million and management fees to €516 million in 2020.

The breakdown of payroll costs is provided in Note 8.1.

418

UNIVERSAL REGISTRATION DOCUMENT 2020 | GROUPE BPCE

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