BPCE - 2020 Universal Registration Document

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FINANCIAL REPORT

BPCE PARENT COMPANY ANNUAL FINANCIAL STATEMENTS

OTHER BANKING INCOME AND EXPENSES

3.6

Accounting principles Other banking income and expenses cover primarily the share in joint operations, the rebilling of banking income and expenses, income and expenses from real estate business and IT services.

Fiscal year 2020

Fiscal year 2019

Income

Expense

Net

Income

Expense

Net

in millions of euros

Share in joint operations

0

0 0 0 0 0 0

0

0 0 0 0 3 4 0 9 0

0 0 0 0 0 0

0 0 0 3 4 0 4 0

Rebilling of banking income and expenses* Electronic payment terminal business Amortization and rebilling of issuance costs

356

356

0 0 0 7 0 5 0

0

(21)

(21)

(13)

(13)

Real estate business

0 7 0

Custody

IT services

Other activities

(48)

(43)

(5)

Other related income and expenses

0

0

0

TOTAL (2) In 2020, rebilling of the “central institution” activities (listed in the French Monetary and Financial Code) are now presented in NBI and amount to €356 million. In 2019, they were * presented as a reduction of operating expenses. 368 (69) 299 16 (18)

OPERATING EXPENSES

3.7

Accounting principles Operating expenses include payroll costs (wages and salaries), employee profit-sharing and incentive schemes, social security charges and payroll taxes. Other administrative costs are also recorded, including other taxes and fees paid for external services.

Fiscal year 2020

Fiscal year 2019

in millions of euros

Wages and salaries

(217)

(187)

Pension costs and similar obligations (1) Other social security charges Employee incentive scheme Employee profit-sharing scheme

(43) (76) (19)

(44) (81) (20)

0

0

Payroll taxes

(36)

(34)

Total payroll costs

(391)

(366)

Taxes other than on income Other operating expenses

1

(6)

(640)

(558)

Rebilled expenses (2)

614 (25)

587

Total other operating expenses

23

TOTAL

(416)

(343)

Including additions, utilizations, and reversals of provisions for employee benefit obligations (see Note 3.9.3). (1) In 2020, rebilling of the “central institution” activities (listed in the French Monetary and Financial Code) are now presented in NBI (see Note 3.6) and amount to €356 million. In (2) 2019, they were presented as a reduction of operating expenses (not restated in the table). The 2020 amount also includes a catch-up effect from 2019.

Operating expenses were up by €73 million compared to 2019, mainly due to the operating expenses of €43 million, mainly related to the ongoing Groupe BPCE transformation projects.

The average headcount during the year, broken down by professional category, was as follows at December 31, 2020: 2,187 managerial staff and 318 non-managerial staff, making a total of 2,505 employees,comparedwith 1,918 managerial staff and 268 non-managerial staff at December 31, 2019.

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UNIVERSAL REGISTRATION DOCUMENT 2020 | GROUPE BPCE

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