BPCE_REGISTRATION_DOCUMENT_2017
5 FINANCIAL REPORT
IFRS Consolidated Financial Statements of BPCE SA group as at December 31, 2017
ORDINARY SHARES AND EQUITY INSTRUMENTS ISSUED 5.21
Nominal (in millions of euros)*
Amount (in original currency)
Issuing entity
Redemption option date
Interest step-up date
12/31/2017
Issue date Currency
Rate
12/31/2016
Min (10-year CMAT 0.3%; 9%) Min (10-year CMS; 7%)
BPCE
July 30,2004 USD 200 million September 30,2017
None
142
BPCE October 12,2004 EUR 80 million BPCE January 27,2006 USD 300 million BPCE October 30,2007 EUR 509 million
July 12,2017 July 27,2017
None None
80
6.75%
214 509
October 30,2017
October 30,2017 6.12%
BPCE August 6,2009 EUR 374 million September 30,2019 September 30,2019 12.50% BPCE August 6,2009 USD 444 million September 30,2019 September 30,2019 12.50%
374 309
374 309
TOTAL
683
1,628
Nominalamounttranslatedinto eurosat the exchangerate in forceat the date of classificationas equity. *
Issues of perpetual deeply subordinatednotes prior to June 30, 2009 have thereafterbeen recognizedas equity instrumentsas a result of a remuneration payment clause that has since become discretionary. Previously,they were recognizedas subordinateddebt and similar. In accountingterms, the transformationof these debt instrumentsinto equity instruments is treated as debt extinguishment.
Issues subsequent to June 30, 2009 have always been recognized in equity due to the discretionary nature of their remuneration. Redemptionsduring the period ( € 945 million)led to the write-backof the capital gain recordedin equity in 2009 for the equivalentin euros of € 399 million. This write-back is recorded in retained earnings for - € 443 million for 2017 (including a translation adjustment of € 44 million).
NON-CONTROLLING INTERESTS 5.22 Informationregardingconsolidatedsubsidiariesand structuredentities for which the amount of non-controllinginterests is significantin terms of total Group equity is shown in the following statement:
Fiscal year 2017
Non-controlling interests
Summary financial information for 100% equity interests
in millions of euros
Income attributed during the period to holders of non-controlling interests
Dividends paid to holders of non-controlling
Amount of subsidiary’s non-controlling interests
Net income attributable to equity holders of the parent
Comprehensive income attributable to equity holders of the parent
Percentage of non-controlling interests
interests Assets Liabilities 397 519,986 499,000
Entity name
Natixisgroup o/w Coface (1)
28.98% 689
6,883 1,082
1,669
973
58.62% 49.99% 25.18%
33 83
12 7,360 5,554
83
76
o/w H2O (1) Locindus
89 64 71
28
278 709
77
167
176
2
2 4
455
8
8
Otherentities
(21) 670
TOTALAT 12/31/2017
7,018
403
(1)
Non-controllinginterestsin Natixisgroup.
414
Registration document 2017
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