BPCE_REGISTRATION_DOCUMENT_2017
FINANCIAL REPORT IFRS Consolidated Financial Statements of BPCE SA group as at December 31, 2017
5.3.3
Comprehensive income
Fiscal year 2017
Fiscal year 2016
in millionsof euros Net income
1,515
2,158
Revaluation differenceson defined-benefit pension schemes
14
(73)
Revaluation ofown creditrisk on financialliabilities designatedat fair valuethrough profitor loss (1)
(198)
(142)
Incometaxes (2)
31
72
Share ofgains and losses recognized directly in othercomprehensiveincome ofassociatesthat cannot be reclassified in income
(1)
(1)
Items that cannot be reclassifiedin income
(154) (700)
(144)
Foreign exchange rateadjustments
121
Change in thevalue of available-for-sale financial assets
95
(358)
Change in thevalue of hedging derivatives
105
19
Incometaxes (2)
27
(84)
Share ofgains and losses recognized directly in othercomprehensiveincome ofassociates that can be reclassified in income
9
110
Items that can be reclassifiedin income
(464) (618)
(192) (336) 1,822 1,255
Gains andlosses recognized directly in othercomprehensiveincome (after income tax)
COMPREHENSIVE INCOME
897 464 433
Attributable toequity holdersof the parent
Non-controllinginterests 567 The earlyapplicationat January 1,2016of the provisionsof IFRS 9“Financialinstruments”relatingto financialliabilitiesis recognizedunder“Revaluationof own creditrisk on financialliabilities (1) designatedat fair value throughprofitor loss.” Changesin fair valueattributableto own creditrisk on financialliabilitiesdesignatedat fair value throughprofitor loss for 2017and booked in equity amountedto -€198 million,or -€148 millionafter tax (-€142 million,or -€93 millionafter tax for 2016).Fair valuegainsand lossesattributableto own creditrisk generatedon the early redemption of securitiesover the periodwere transferredto consolidatedreservesin the amountof €3 million(€8 millionin 2016). In 2017,the FrenchFinanceAct for 2018and the fiscalreform in the UnitedStates loweredtax rates,whichallowedBPCE SAgroup to revalue its net deferredtax position(see Note 5.9). (2)
5
361
Registration document 2017
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