BPCE_REGISTRATION_DOCUMENT_2017

FINANCIAL REPORT IFRS Consolidated Financial Statements of Groupe BPCE as at December 31, 2017

5.1.3

Comprehensive income

Fiscal year 2017

Fiscal year 2016

in millionsof euros Net income

3,705

4,488 (205) (142)

Revaluation differenceson defined-benefit pension schemes

50

Revaluation ofown creditrisk on financialliabilities atfair value through profitor loss (1)

(198)

Incometaxes (2)

16

109

Share ofgains and losses recognized directly in othercomprehensiveincome ofassociates that cannotbe reclassified in income

(1)

Items that cannot be reclassifiedin income

(133) (699)

(238)

Foreign exchange rateadjustments

118

Change in thevalue of available-for-sale financial assets

28

(340)

Change in thevalue of hedging derivatives

153

134

Incometaxes (2)

78

(114)

Share ofgains and losses recognized directly in othercomprehensiveincome ofassociates that can be reclassified in income

9

112 (90)

Items that can be reclassifiedin income

(431)

Gains andlosses recognized directly in othercomprehensiveincome (after income tax)

(564) 3,141 2,693

(328) 4,160 3,583

COMPREHENSIVE INCOME

Attributable toequity holdersof the parent

Non-controllinginterests 577 The earlyapplicationat January 1,2016of the provisionsof IFRS 9“Financialinstruments”relatingto financialliabilitiesis recognizedunder“Revaluationof own creditrisk on financialliabilitiesat (1) fair value throughprofitor loss.”Changesin fair valueattributableto own creditrisk on financialliabilitiesat fair value throughprofitor loss for 2017and booked in equityamountedto -€198 million, or -€148 millionafter tax (-€142 million,or -€93 millionafter tax for 2016).Fair valuegainsand lossesattributableto own creditrisk generatedon the early redemptionof securitiesover the period were transferredto consolidatedreservesin the amountof €3 million(€8 millionin 2016). In 2017,the FrenchFinanceAct for 2018and the fiscalreform in the UnitedStates loweredtax rates,whichallowedGroupeBPCE to revalue its net deferredtax position(see Note 5.9). (2) 448

5

241

Registration document 2017