BPCE - 2020 Universal Registration Document

5

FINANCIAL REPORT

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

12/31/2020

12/31/2019

Accumulated depreciation and impairment

Accumulated depreciation and impairment

Gross amount

Net amount

Gross amount

Net amount

in millions of euros

Property, plant and equipment

1,806

(1,237)

570 134 436

1,892

(1,285)

607 169 438

Real estate assets Movable assets

421

(287) (950)

505

(335) (950)

1,386

1,387

Property, plant & equipment leased under operating leases

709 709

(203) (203) (459) (446)

506 506

643 643

(178) (178) (320) (308)

465 465

Movable assets

Right-of-use assets for lease contracts

1,541 1,518

1,081 1,072

1,542 1,505

1,222 1,198

Real estate assets

o/w contracted during the period

75 36

(17) (12)

58 24

Movable assets

23

(13)

10

o/w contracted during the period

6

(1)

5

TOTAL PROPERTY, PLANT & EQUIPMENT

4,056 2,806 2,172

(1,898) (1,905) (1,676)

2,157

4,077 2,954 2,180

(1,783) (1,996) (1,617)

2,294

Intangible assets

901 496 405 901

958 563 395 958

Software

Other intangible fixed assets TOTAL INTANGIBLE ASSETS

634

(230)

774

(379)

2,806

(1,905)

2,954

(1,996)

DEBT SECURITIES

5.10

Accounting principles Issues of debt securities not classified as financial liabilities at fair value through profit or loss or through other comprehensive income are initially recognized at fair value less any transactioncosts. They are subsequentlymeasured at amortized cost at each balance sheet date using the effective interest method. These instruments are recognized on the balance sheet under “Amounts due to banks”, “Amounts due to customers”or “Debt securities”. Debt securities are classified based on the nature of the underlying, with the exception of subordinated notes presented under “Subordinated debt”. Securities are recorded in the balance sheet on thesettlement-delivery date. The first-in, first-out (FIFO) method is applied to any partial disposals of securities, except in special cases. A new category of liabilities eligible for the numerator in the TLAC (Total Loss Absorbing Capacity) calculation has been introduced by French law and is commonly referred to as “senior non-preferreddebt”. These liabilities rank between own funds and other senior preferred debt.

12/31/2020

12/31/2019

in millions of euros

Bonds

123,525 64,171

122,808 79,683

Interbank market instruments and negotiable debt securities Other debt securities that are neither preferred nor subordinated

1,247

2,266

Senior non-preferred debt

22,065 211,008

18,297 223,055

Total

Accrued interest

1,188

1,557

TOTAL DEBT SECURITIES

212,196

224,611

The fair value of debt securities is presented in Note 10.

438

UNIVERSAL REGISTRATION DOCUMENT 2020 | GROUPE BPCE

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