BPCE - 2020 Universal Registration Document

FINANCIAL REPORT

BPCE PARENT COMPANY ANNUAL FINANCIAL STATEMENTS

NET GAINS OR LOSSES ON TRADING BOOK TRANSACTIONS

3.4

Accounting principles Net gains or losses on trading book transactions include: net gains or losses on balance sheet and off-balance sheestecurities transactions; • net gains or losses on outright forward foreign exchange transactions, arising from currency purchases and sales and the • periodic valuation of currency and precious metal transactions; net gains or losses from transactions in futuresor options instruments, including hedging of tradingbook transactions. •

Fiscal year 2020

Fiscal year 2019

in millions of euros

Trading securities

0

0

Foreign exchange transactions

(1) (6) (7)

(2)

Forward transactions*

347

TOTAL 345 The gain recorded in 2019 was due to the recognition in the income statement, in the amount of €345 million, of an option premium not recognized before maturity, in accordance * with French GAAP (winding-up of the Natixis CIB exposures guarantee run-off activity).

NET GAINS OR LOSSES ON AVAILABLE-FOR-SALE SECURITIES AND EQUIVALENT

3.5

Accounting principles This item comprises the net gains or losses on available-for-sale securities arising from the difference between a) provision reversals and capital gains on disposals and b) provisioncharges and losses on disposals.

Fiscal year 2020

Fiscal year 2019

5

Available-for-sale securities

Available-for-sale securities

Total

Total

in millions of euros

Impairment Charges*

(163)

(163)

(34)

(34)

Reversals

3 1 0

3 1 0

23

23

Net gain/(loss) on disposal

(10)

(10)

Other items

0

0

TOTAL

(159)

(159)

(21)

(21)

The charges recorded in 2020 mainly relate to FIDOR for an amount of €132 million. *

539

UNIVERSAL REGISTRATION DOCUMENT 2020 | GROUPE BPCE