BPCE_REGISTRATION_DOCUMENT_2017
5 FINANCIAL REPORT
IFRS Consolidated Financial Statements of Groupe BPCE as at December 31, 2017
Financial data for the main joint arrangements and associates 8.1.2 Summarizedfinancialdata for materialjoint venturesand/or companiesunder notable influenceare as follows (based on the last availabledata published by the entities in question):
Associates
CNP Assurances (group)
Socram Banque
EDF Investment Group (EIG)
Banque Calédonienne d’investissement (BCI)
in millions of euros
DIVIDENDSRECEIVED MAINAGGREGATES Total assets
88
2
11
4
423,298 405,040
2,066 1,839
8,583
2,723 2,432
Total debt
57
Incomestatement Operating incomeor net banking income
2,519 (896) 1,623
56 (2)
247 (77) 170
91
Incometax Net income
(20)
5
25
CARRYINGVALUEOF INVESTMENTS INASSOCIATES Equity of associates (1)
18,258
227
8,526
290
Percentage ofownership
16.11% 33.42% 6.11%
49.90%
VALUE OF INVESTMENTS IN ASSOCIATES
2,567
76
521
145
o/w goodwill
2
MARKET VALUE OF INVESTMENTS IN ASSOCIATES
2,129
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The equityusedby GroupeBPCE to consolidateCNP Assurances(group)via the equitymethod is subjectto restatement(deeplysubordinatednotes). (1)
Groupe BPCE has no interestin any jointventure thathas amaterial impact onthe consolidatedfinancial statements. Summarized financial data for non-materialjoint ventures and companies under significant influence at December
31, 2017 isas follows:
Fiscal year 2017
Fiscal year 2016
in millionsof euros
Value ofinvestments in associates
803
545
Total amount ofshare in: Net income
44 (1) 43
35
Gains and lossesrecognizeddirectly in other comprehensive income
COMPREHENSIVE INCOME
35
Nature and scope of major restrictions 8.1.3 Groupe BPCE has not been faced with any major restrictions relating to interests held in associates and jointventures.
8.2
SHARE IN NET INCOME OF ASSOCIATES
Fiscal year 2017
Fiscal year 2016
in millionsof euros
CNP Assurances(group) EDF Investment Group(EIG)
207
193
10
14
Socram Banque
2
4
BanqueCalédonienne d’investissement
13 37
13 20
Other
Financial sectorcompanies
269
244
Other
7 7
15 15
Non-financial companies
SHARE INNET INCOMEOF ASSOCIATES
276
259
308
Registration document 2017
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