BPCE_REGISTRATION_DOCUMENT_2017
5 FINANCIAL REPORT
IFRS Consolidated Financial Statements of BPCE SA group as at December 31, 2017
5.3.5
Consolidated cash flow statement
Fiscal year 2017
Fiscal year 2016
in millionsof euros
Incomebeforetax
2,126
2,823
Net depreciationand amortizationof property,plant andequipment,and intangible assets
418
384 117
Goodwillimpairment
61
Net chargeto provisionsand provisions for impairment (including insurancecompanies’technical reserves)
7,366 (149) (453)
4,584 (110) (1,488) (4,436) (810) 2,651 1,923 6,633 (430) 139
Share in netincomeof associates
Net cash flows generated by investing activities Income/expensefrom financing activities
87
Other changes
(1,862) 5,468 5,634 20,452 (13,694) (7,137)
Total non-monetaryitems included innet incomebefore tax Net increaseor decreasearisingfrom transactionswith credit institutions Net increaseor decreasearisingfrom transactionswith customers
Net increaseor decreasearisingfrom transactions involvingfinancial assetsand liabilities Net increaseor decreasearisingfrom transactions involvingnon-financial assetsand liabilities
Incometaxes paid
51
416
Net increase(decrease) in assetsand liabilitiesresulting fromoperating activities
5,306
11,193 13,206
Net cash flows generatedby operatingactivities(A)
12,900
Net increaseor decreaserelatedto financial assetsand equityinvestments
937 136
1,980
Net increaseor decreaserelatedto investment property
146
Net increaseor decreaserelatedto property,plant and equipment,and intangible assets
(311)
(145) 1,981 (1,261) 1,361
Net cashflows generatedby investing activities (B)
762
Net increaseor decreasearisingfrom transactionswith shareholders (1) Other increasesor decreases generated by financing activities (2)
(2,063) (2,258) (4,321) (2,168)
Net cash flows generatedby financingactivities (C)
100 633
Impact ofchangesin exchange rates (D) TOTALNET CASH FLOWS (A+B+C+D)
7,173
15,920
Cash andnet balance ofaccounts with central banks Cash andnet balance ofaccounts with centralbanks (assets) Net balanceof demandtransactionswith credit institutions Currentaccountswith overdrafts (3)
72,036
62,745
8,022
6,992
Demand accounts and loans Demand accounts in credit Demand repurchaseagreements Opening cashand cashequivalents
737
255
(20,429) (5,007) 55,359
(28,244)
(2,309) 39,439
Cash andnet balance ofaccounts with central banks Cash andnet balance ofaccounts with centralbanks (assets) Net balanceof demandtransactionswith credit institutions Currentaccountswith overdrafts (3)
82,721
72,036
6,441
8,022
Demand accounts and loans Demand accounts in credit Demand repurchaseagreements Closing cashand cashequivalents
372
737
(22,244) (4,758) 62,532
(20,429)
(5,007) 55,359 15,920
NET CHANGEIN CASH AND CASHEQUIVALENTS
7,173
Cash flows fromor to the shareholdersmainly include: (1) the redemptionof deeplysubordinatednotesrecordedas equity for -€1,353 million(-€350 millionin 2016); ● interestpaid on deeplysubordinatednotesrecordedas equity for -€75 million(-€151 millionin 2016); ● dividendpayoutsamountingto -€813 million(-€784 millionin 2016). ● Cashflowsfromfinancing activities mainly includethe impactof redemptionsof subordinated notes and loans for -€2,214 million (-€1,695 million i 2016).In 2016, this item included theimpactof (2) issuances ofsubordinated notes and loans for +€3,023 million. No new issueswere made in2017. Currentaccountswith overdraftsdo not includeLivret A,LDD and LEP savingsaccountscentralizedwith the Caissedes dépôtset consignations. (3)
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Registration document 2017
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