BPCE_REGISTRATION_DOCUMENT_2017
5 FINANCIAL REPORT
IFRS Consolidated Financial Statements of Groupe BPCE as at December 31, 2017
Note 6
Notes to the income statement
6.1
INTEREST AND SIMILAR INCOME
It also includes interest receivable on fixed-income securities classified as available-for-sale financial assets and hedging derivatives, it being specified that accrued interest on cash flow hedgingderivativesis taken to incomein the samemannerand period as the accrued interest on the hedgeditem.
AND EXPENSES This line item comprises interest income and expenses, calculated using the effective interest method, on financial assets and liabilities measured at amortized cost, which include interbank and customer items, held-to-maturity assets, debt securities and subordinated debt.
Fiscal year 2017
Fiscal year 2016
Income 17,007
Expense (5,505)
Net
Income
Expense
Net
in millions of euros
Loans and receivablesdue from customers
11,502
17,816
(5,238)
12,578
Loans and receivablesdue from creditinstitutions (1)
1,378
(809)
569
1,314
(682)
632
Finance leases
495
///
495
533
///
533
Debt securities and subordinated debt
///
(4,420) (4,948)
(4,420)
///
(4,794)
(4,794)
Hedgingderivatives
4,877 1,832
(71)
5,074 1,855
(5,282)
(208)
Available-for-salefinancial assets Held-to-maturity financial assets
/// /// ///
1,832
/// /// ///
1,855
269
269
287
287
Impaired financialassets
71 12
71
73
73
Other interestincomeand expenses
(27)
(15)
5
(57)
(52)
TOTALINTEREST INCOMEAND EXPENSES 10,904 Interest incomefrom loansand receivableswith credit institutionsconsistsof €707 millionin income(€760 millionin 2016)collectedon the Livret A,LDD and LEP passbooksavingsaccounts, (1) whichare depositedwith Caissedes Dépôtset Consignations. 25,941 (15,709) 10,232 26,957 (16,053)
6.2
FEE AND COMMISSION INCOME
occasionalservices (fund transfers, payment penalties, etc.), fees and commissions receivable or payable on execution of significant transactions,and fees and commissionsreceivableor payableon trust assets managed onbehalf of theGroup’scustomers. However, fees and commissions that form an integral part of the effective yield on a contract are recorded under “Net interest income.”
AND EXPENSES Fees and commissions are recorded based on the type of service rendered and on the method of accounting for the financial instrument to which the service relates. This line includes mainly fees and commissionsreceivable or payable on recurring services (payment processing, custody fees, etc.) and
Fiscal year 2017
Fiscal year 2016
Income
Expense
Net
Income
Expense
Net
in millions of euros
Cash andinterbank transactions
22
(57) (22)
(35)
16
(32)
(16)
Customer transactions
3,294
3,272
3,094
(39)
3,055
Financialservices
662
(751)
(89)
563
(678)
(115)
Sales of life insurance products
1,220 1,570
///
1,220 1,024
1,298 1,625
///
1,298
Payment services
(546) (188)
(604) (159)
1,021
Securitiestransactions
326
138
285
126
Trust management services
3,606
(8)
3,598
3,220
(6)
3,214
Financialinstruments and off-balance sheet transactions
455
(156)
299
401
(146)
255
Other fee and commission income/(expense) TOTALFEE ANDCOMMISSIONINCOME AND EXPENSES
433
(409)
24
450
(507)
(57)
11,588
(2,137)
9,451
10,952
(2,171)
8,781
300
Registration document 2017
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