BPCE_REGISTRATION_DOCUMENT_2017
5 FINANCIAL REPORT
IFRS Consolidated Financial Statements of Groupe BPCE as at December 31, 2017
ACCRUED EXPENSES AND OTHER LIABILITIES 5.17
12/31/2017
12/31/2016
in millionsof euros
Collection accounts Prepaid income Accounts payable
4,857 1,421 2,696 4,854
8,789 1,415 2,547 5,430
Other accruals
Accrued expensesand otherliabilities
13,828
18,181
Settlement accounts in credit on securities transactions
773
664
Guaranteedeposits received (1)
10,367 14,625
15,996 12,760
Other payables
Other insurance-related liabilities
9,838
8,949
Other liabilities
35,603 49,431
38,369
TOTALACCRUEDEXPENSES ANDOTHERLIABILITIES 56,550 “Securitydepositsreceived”includesmargincallson repurchaseagreementsand derivativesfor €6,659 millionas at December 31,2017,comparedwith €8,978 millionat December 31,2016. (1)
TECHNICAL RESERVES OF INSURANCE COMPANIES 5.18
12/31/2017
12/31/2016
in millionsof euros
Life insurancetechnicalreserves
5,061
4,698
Life insurancetechnical reserves– EUR policies Life insurancetechnical reserves– unit-linked policies
59,777 15,054 74,831
56,103 11,433 67,536
Life insurance technicalreserves Financial contracttechnicalreserves
31
29
Deferred profit-sharing
3,788
3,553
TOTALTECHNICAL RESERVES OF INSURANCE COMPANIES
83,711
75,816
Non-life insurance technical reserves include unearned premium reserves and outstanding claims reserves. Life insurance technical reserves mainly comprise mathematical reserves, which generally correspond to the surrender value of policies.
Financial contract technical reserves (contracts issued by insurance companies) are mathematicalreserves measured on the basis of the underlying assets of these policies. Deferred profit-sharing represents the portion of income from participatinginsurance policies in the form of a cumulative amount allocated to policyholders and not yet distributed.
292
Registration document 2017
Made with FlippingBook - professional solution for displaying marketing and sales documents online