BPCE_REGISTRATION_DOCUMENT_2017
FINANCIAL REPORT IFRS Consolidated Financial Statements of Groupe BPCE as at December 31, 2017
PROVISIONS 5.19 Provisionsare detailedin the tablebelow.
12/31/2017
01/01/2017
Increase
Use Reversals unused
Other changes (1)
in millionsof euros
Provisions for employee benefit commitments (2) Provisions for restructuring costs (3)
2,546
200 109 560 163
(198)
(235)
(35)
2,278
104
(41)
(18)
(2)
152
Legal andtax risks (4)
1,537
(106)
(205) (140)
(74) (61)
1,712
Loan and guarantee commitments Provisions for regulated home savings products
366
(29)
299
713
36
(54)
695
Other operatingprovisions TOTALPROVISIONS
1,233 6,499
310
(103)
(209) (861)
25
1,256
1,378 (477) 6,392 Otherchangesincludeprimarilythe variationin revaluationdifferenceson employeebenefits(-€22 millionbeforetax) and the impactsrelatedto changesin the scopeof consolidationand foreign (1) exchangerate adjustments(-€117 million). O/w €2,104 millionfor post-employmentdefined-benefitplansand other long-termemployeebenefits(see Note 9.2.1). (2) At December 31,2017,provisionsfor restructuringcostsnotably included: (3) €2 millionfor the workforceadjustmentplan at Natixiscompletedin 2015 (€6 millionat December 31,2016); ● €31 millionin provisionsfor restructuringcosts for the COFACEplan (€42 millionat December 31,2016); ● €30 millionfor Caissed’EpargneProvence-Alpes-Corse (€22 millionat December 31,2016 for “overseas”voluntaryredundancy). ● Provisionsfor legaland tax risks included: (4) €389 millionfor the net insuranceexposureon the Madofffraud.The insuranceamounttotals€123 millionfor disputesrelatingto this case.The provisionfor Madoffnet outstandingstotaled ● €480 millionat December 31,2016; €87 millionfor the fine associatedwith the exchangeof truncatedchecksfollowingthe unfavorablerulingby the ParisCourtof Appealson December 21,2017. ● (147)
5.19.1 Deposits held in regulated home savings products
5
12/31/2017
12/31/2016
in millions of euros
Depositsheld in PELregulatedhome savings plans less than 4years - more than 4 years and less than 10 years -
8,441
41,569 15,748 11,997 69,314
51,926 11,481 71,848
more than 10 years -
Deposits heldin PEL regulatedhome savings plans Deposits heldin CELregulated home savings accounts
5,625
5,621
TOTALDEPOSITSHELD IN REGULATEDHOME SAVINGSPRODUCTS
77,473
74,935
The significantchange in the first and second tranches (under 4 years and 4-10 years) is attributableto the maturationof the strata of the PEL home savingsplan.
5.19.2 Loans outstanding granted under regulated home savings products
12/31/2017
12/31/2016
in millions of euros
Loans outstandinggranted underregulated homesavingsplans Loans outstandinggranted underregulated homesavingsaccounts
64
98
254 318
379 477
TOTALLOANS OUTSTANDINGON REGULATEDHOMESAVINGS PRODUCTS
293
Registration document 2017
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