BPCE - 2020 Universal Registration Document

5

FINANCIAL REPORT

BPCE PARENT COMPANY ANNUAL FINANCIAL STATEMENTS

4.9.1

STATEMENT OF CHANGES IN PROVISIONS

Other changes

12/31/2019

Charges

Reversals

Used

12/31/2020

in millions of euros

Provisions for counterparty risks Provisions for employee benefits

1

(1) (5) (6) (2)

0

105

11

(2) (2) (3)

109

Provisions for litigation

16 10

3

11

Provisions for restructuring costs Securities portfolio and financial futures

5 1

0 6 0

1

Long-term investments Real estate development

45

(5)

46

0

Provisions for taxes

348

102

(32)

(67)

351

Other*

11

23

34

Other provisions

365 497

171 185

(32) (46)

(72) (79)

432 557

TOTAL

0

charges mainly concern the provisioning of renovation costs and double rents in connection with the project to review the Real Estate Master Plan. *The

4.9.2

PROVISIONS AND IMPAIRMENT FOR COUNTERPARTY RISKS

Other changes

12/31/2019

Charges

Reversals

Used

12/31/2020

in millions of euros

Impairment of loans and advances to customers (individual basis)

0 0 1 1 1

1 1

-

-

-

1 1 0 0 1

Impairment of assets

0

0

0

Provisions for performance risk on signature commitments Provisions for counterparty risk recognized as liabilities

-

(1) (1) (1)

-

-

0 1

0 0

0 0

TOTAL

PROVISIONS FOR EMPLOYEE BENEFITS 4.9.3 Post-employment benefits related to defined-contribution plans Defined-contribution plans refer to mandatory social security pension schemes, as well as those managed by the pension funds AGIRC and ARRCO, and the supplementary pension schemes to which the Caisses d’Epargne and the Banques Populaires belong. BPCE’s obligations under these schemes are limited to the payment of contributions (€33 million in 2020). Post-employment benefits related to defined-benefit plans and long-term employee benefits BPCE’s obligations in this regard relate to the following schemes: the Caisse d’Epargne private supplementary pension plan, • previously managed by Caisse Générale de Retraite des Caisses d’Epargne (CGRCE), but now incorporated within

Caisse Générale de Prévoyance des Caisses d’Epargne (CGPCE), which is a retained-benefitplan. The plan was closed on December 31, 1999, and beneficiary entitlements were crystallized at this date. The retained-benefits plan is considered as a fund providing long-term employee benefits; the Banque Populaire private supplementary pension plan, • managed by Caisse Autonome de Retraite des Banques Populaires (CAR-BP), covers the pension benefits deriving from the closure of the former banking pension scheme at December 31, 1993; pensions and other post-employment benefits such as • end-of-career awards and other benefits granted to retirees; other benefits such as long-service awards and other • long-term employee benefits. These commitments are calculated in accordance with ANC Recommendation No. 2013-R-02.

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UNIVERSAL REGISTRATION DOCUMENT 2020 | GROUPE BPCE

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