BPCE_REGISTRATION_DOCUMENT_2017
5 FINANCIAL REPORT
IFRS Consolidated Financial Statements of BPCE SA group as at December 31, 2017
DEBT SECURITIES 5.16 Debt securities are classified based on the nature of the underlying, with the exception of subordinatednotes presented under “Subordinated debt”.
12/31/2017
12/31/2016
in millionsof euros
Bonds
130,745 66,500
147,813 71,754
Interbankmarket instrumentsand negotiable debt securities
Senior non-preferred debt
4,832 1,720
Other debtsecurities
1,701
Total
203,797
221,268
Accrued interest
2,087
2,445
TOTALDEBT SECURITIES
205,884
223,713
A new categoryof liabilitieseligiblefor the numeratorin the TLAC (Total Loss AbsorbingCapacity)calculationhas been introducedby French law and is commonlyreferred to as “senior non-preferreddebt”. These liabilitieshave a ranking betweenthe ranking of own funds and other “senior preferred”debt. The fair valueof debt securities ispresented inNote 15.
ACCRUED EXPENSES AND OTHER LIABILITIES 5.17
12/31/2017
12/31/2016
in millionsof euros
Collection accounts Prepaid income Accounts payable
1,501
5,829
304
272
1,177 3,104 6,086
1,095 3,813
Other accruals
Accrued expensesand otherliabilities
11,009
Settlement accounts in credit on securities transactions
310
286
Guaranteedeposits received*
13,489 12,760
19,927 10,612
Other payables
Other insurance-related liabilities
9,729
8,980
Other liabilities
36,288 42,374
39,805
TOTALACCRUEDEXPENSES ANDOTHERLIABILITIES 50,814 “Securitydepositsreceived”includesmargincallson repurchaseagreementsand derivativesfor €9,890 millionas at December 31,2017,comparedwith €13,029 millionat December 31,2016. *
TECHNICAL RESERVES OF INSURANCE COMPANIES 5.18
12/31/2017
12/31/2016
in millionsof euros
Life insurancetechnicalreserves
5,052
4,692
Life insurancetechnical reserves– EURpolicies Life insurancetechnical reserves– unit-linked policies
54,087 14,199 68,286
50,515 10,500 61,015
Life insurancetechnicalreserves Financial contracttechnicalreserves
31
29
Deferred profit-sharing
3,275
3,108
TOTALTECHNICAL RESERVES OF INSURANCE COMPANIES
76,644
68,844
Non-life insurance technical reserves include unearned premium reserves and outstanding claims reserves. Life insurance technical reserves mainly comprise mathematical reserves, which generally correspond to the surrender value of policies.
Financial contract technical reserves (contracts issued by insurance companies) are mathematicalreserves measured on the basis of the underlying assets of these policies. Deferred profit-sharing represents the portion of income from participatinginsurance policies in the form of a cumulative amount allocated to policyholders and not yet distributed.
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Registration document 2017
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