BPCE_REGISTRATION_DOCUMENT_2017
5 FINANCIAL REPORT
IFRS Consolidated Financial Statements of Groupe BPCE as at December 31, 2017
PROPERTY, PLANT AND EQUIPMENT AND INTANGIBLE ASSETS 5.13
12/31/2017
12/31/2016
Gross carrying amount
Accumulated depreciation and
Gross carrying amount
Accumulated depreciation and
impairment Net amount
impairment Net amount
in millions of euros
Property, plant and equipment land and buildings -
3,961
(2,001)
1,960
4,066
(1,996)
2,070
leased real estate -
579
(211)
368
526
(210)
316
equipment,furnitureand otherproperty,plant - and equipment
7,475
(5,342) (7,554)
2,133
7,448
(5,324) (7,530)
2,124 4,510
TOTALPROPERTY,PLANT ANDEQUIPMENT 12,015
4,461 12,040
Intangibleassets leasehold rights -
390
(213)
177 598 392
407
(219)
188 589 296
software -
2,757
(2,159)
2,660
(2,071)
other intangibleassets -
687
(295)
565
(269)
TOTALINTANGIBLEASSETS
3,834
(2,667)
1,167
3,632
(2,559)
1,073
GOODWILL 5.14 Goodwill relatedto operations for the financial year is analyzed inrespectof the note regarding the scopeof consolidation.
12/31/2017
12/31/2016
in millionsof euros
Opening netvalue
4,397
4,354
Acquisitions (1)
194
177
Disposals
(4)
Impairment (2)
(85)
(154)
Reclassifications
(24)
Foreign exchange rateadjustments
(202) 4,304
48
Closing netvalue
4,397
The main transactionsduringthe periodthat led to the recognitionof goodwillare as follows: (1) in accordancewith IFRS 3,“Businesscombinations”,analysisof the accountingtreatmentof the acquisitionof Fidorgroupwas finalizedin 2017.This analysisled to the recognitionof a haircuton a • portfolioof financialassetsfor -€52 millionnet of deferredtax assetsand liabilitiesand the recognitionof intangibleassetscoveringthe technologicalplatform,the brandand a majorcontractfor +€49 million net of deferredtax assetsand liabilities.Furtherto the analysis,goodwillon Fidorgroup,whichhad beenassessedon a provisionalbasisat the end of 2016,was adjustedby +€2 millionand amountedto €82 million; Natixis’acquisitionsof PayPlug(€14 million),Dalenys(€72 million),InvestorMutualLimited– IML (€100 million)and AltheliaEcosphere(€3 million). • Lossesfor the periodprimarilyconcernthe followingcash-generatingunits (CGUs):RegionalBanks (€17 million),BanquePalatine(€53 million)and BPCE International(€13 million).In 2016, (2) impairmentwas recordedon Coface(€75 million),BanquePalatine(€42 million)and the RegionalBanks (€35 million).
At December 31, 2017, gross goodwill stood at € 4,961 million and total impairment stoodat € 657 million. Certain goodwill items recognized in the United States gave rise to tax amortizationover 15 years, leading to a difference between the
carrying amount of the goodwill and its tax base. This difference in treatment generated a deferred tax liability of € 311 million at December 31, 2017, compared with € 530 million at December 31,
2016 (see Note5.9).
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Registration document 2017
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