BPCE - 2020 Universal Registration Document

5

FINANCIAL REPORT

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

5.11.2

AMOUNTS DUE TO CUSTOMERS

12/31/2020

12/31/2019

in millions of euros

Current accounts

26,681

25,029

Livret A savings accounts

202 205

185 207

Regulated home savings products Other regulated savings accounts Regulated savings accounts

1,197 1,604 6,745 8,433

1,147 1,539 5,461

Demand deposits and loans Term accounts and loans

11,883

Accrued interest

13

24

Other customer accounts Repurchase agreements

15,191

17,368

4,766 2,453

5,029 1,180

Other amounts due to customers Guarantee deposits received

11

10

TOTAL AMOUNTS DUE TO CUSTOMERS

50,705

50,156

The fair value of amounts due to customers is presented in Note 10.

ACCRUED EXPENSES AND OTHER LIABILITIES

5.12

12/31/2020

12/31/2019

in millions of euros

Collection accounts Prepaid income Accounts payable

305 385

972 364

1,126 3,334 5,150 1,282 4,955 1,179 7,416

1,251 3,449 6,036 5,799 1,353 7,219 67

Other accruals

Accrued expenses - liabilities

Settlement accounts in credit on securities transactions

Other accounts payable (1)

Lease liabilities Other liabilities

TOTAL ACCRUED EXPENSES AND OTHER LIABILITIES 13,255 Amounts restated compared to the financial statements published in 2019, following a change in the presentation of premiums on options to be paid or received (see Note 5.2.3). (1) 12,566

5.13

PROVISIONS

Accounting principles Provisions other than those relating to employee benefit commitments and similar, regulated home savings products, off-balancesheet commitments,and insurancepoliciesmainly consist of provisions for restructuring, claims and litigation, fines and penalties, and tax risks (excluding income tax). Provisions are liabilities for which the timing or amount is uncertain, but can be reliably estimated. They correspond to current obligations (legal or implicit), resulting from a past event, and for which an outflow of funds will probably be necessary to settle them. The amount recognized in provisions is the best estimate of the expense required to extinguish the present commitment at the balance sheet date. Provisions are discountedwhen the impact of discounting is material. Changes in provisionsare recognizedin the incomestatement on the lines corresponding to the nature of the future expenditure.

Provisions on regulated home savings products Regulated home savings accounts (Comptes d’Épargne Logement – CEL) and regulated home savings plans (Plans d’Épargne Logement – PEL) are retail products marketed in France governedby the 1965 law on home savingsplans and accounts, and subsequent implementing decrees. Regulated home savings products generate two types of commitments for establishments selling them: a commitment to provide a loan to the customer in the • future at a rate set on inception of the contract (for PEL products) or at a rate contingent upon the savings phase (for CEL products); a commitment to pay interest on the savings in the future • at a rate set on inception of the contract for an indefinite period (for PEL products) or at a rate set on a half-yearly basis according to an indexing formula regulated by law (for CEL products).

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UNIVERSAL REGISTRATION DOCUMENT 2020 | GROUPE BPCE

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