BPCE - 2020 Universal Registration Document

5

FINANCIAL REPORT

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

12.1.2

SEGMENT ANALYSIS OF THE BALANCE SHEET

Retail Banking & Insurance

Corporate & Investment Banking (1)

Asset Management

Corporate Center

Groupe BPCE SA

12/31/2020 12/31/2019 12/31/2020 12/31/2019 12/31/2020 12/31/2019 12/31/2020 12/31/2019 12/31/2020 12/31/2019

in millions of euros

Segment assets Segment liabilities

167,167 167,167

153,685 153,685

2,203 2,203

2,940 2,940

296,328 296,328

338,679 338,679

383,243 383,243

286,004 286,004

848,941 848,941

781,308

781,308 Amounts not 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)

SEGMENT REPORTING BY GEOGRAPHIC REGION 12.1.3 The geographic analysis of segment assets and results is based on the location where business activities are recognized. Net banking income

Fiscal year 2020

Fiscal year 2019

in millions of euros

France

5,975 1,037 2,251

5,547 1,970 2,678

Rest of Europe North America Rest of world

553

950

TOTAL

9,816

11,145

Note: the net banking income by geography for 2020 and 2019 is presented without restatement for Coface's contribution and the change in re-invoicing for central services. Total segment assets

12/31/2020

12/31/2019

in millions of euros

France

737,361 28,881 44,443 38,257 848,941

656,970 30,730 60,060 33,547 781,307

Rest of Europe North America Rest of world

TOTAL

12.2 12.2.1

INFORMATION ON LEASES

LEASES AS LESSOR

Accounting principles Leases are analyzed to determine whether in substance and economic reality they are operating leases or finance leases. Finance leases A finance lease is a lease that transfers to the lesseemost of the risks and rewards incidental to ownership of an asset. IFRS 16 gives five examples of situations that (individually or collectively) lead to a lease being classified as a finance lease: the lease transfers ownership of the asset to the lessee at • the end of the lease term; the lease provides the lessee with the option to purchase • the asset at a price that is expected to be sufficiently below the fair value at the date the option becomes exercisable for it to be reasonably certain, at the inception of the lease, that the option will be exercised; the lease term covers most of the economic life of the • asset even if there is no transfer of ownership;

at the inception of the lease, the present value of lease • payments amounts to at least virtually all of the fair value of the leased asset; the leased assets are of such a specialized nature that only • the lessee can use them without major modifications. IFRS 16 also describes three indicators that may also individually or collectively lead to a lease being classified as a finance lease: if the lessee can cancel the lease, the lessor’s losses • associated with the cancellation are borne by the lessee; gains or losses from the change in the fair value of the • residual value accrue to the lessee; the lessee has the ability to extend the lease at a rent that • is substantially lower than the market rent.

500

UNIVERSAL REGISTRATION DOCUMENT 2020 | GROUPE BPCE

www.groupebpce.com