BPCE_REGISTRATION_DOCUMENT_2017
5 FINANCIAL REPORT
IFRS Consolidated Financial Statements of BPCE SA group as at December 31, 2017
Note 6
Notes to the income statement
6.1
INTEREST AND SIMILAR INCOME
It also includes interest receivable on fixed-income securities classified as available-for-sale financial assets and hedging derivatives, it being specified that accrued interest on cash flow hedgingderivativesis taken to incomein the samemannerand period as the accrued interest on the hedgeditem.
AND EXPENSES This line item comprises interest income and expenses, calculated using the effective interest method, on financial assets and liabilities measured at amortized cost, which include interbank and customer items, held-to-maturity assets, debt securities and subordinated debt.
Fiscal year 2017
Fiscal year 2016
Income 6,103 1,432
Expense (1,644) (1,028)
Net
Income 5,995 1,449
Expense (1,033) (1,114)
Net
in millions of euros
Loans and receivablesdue from customers Loans and receivablesdue from creditinstitutions
4,459
4,962
404
335
Finance leases
339
///
339
359
///
359
Debt securities and subordinated debt
///
(4,303) (3,497)
(4,303)
///
(4,674)
(4,674)
Hedgingderivatives
4,208 1,102
711
4,373 1,163
(3,598)
775
Available-for-salefinancial assets Held-to-maturity financial assets
/// /// ///
1,102
/// /// ///
1,163
122
122
139
139
Impaired financialassets
7
7
8 5
8
Other interestincomeand expenses
12
(31)
(19)
(76)
(71)
TOTALINTEREST INCOMEAND EXPENSES
13,325
(10,503)
2,822
13,491
(10,495)
2,996
6.2
FEE AND COMMISSION INCOME
occasionalservices (fund transfers, payment penalties, etc.), fees and commissions receivable or payable on execution of significant transactions,and fees and commissionsreceivableor payableon trust assets managed onbehalf of theGroup’scustomers. However, fees and commissions that form an integral part of the effective yield on a contract are recorded under “Net interest income.”
AND EXPENSES Fees and commissions are recorded based on the type of service rendered and on the method of accounting for the financial instrument to which the service relates. This line includes mainly fees and commissionsreceivable or payable on recurring services (payment processing, custody fees, etc.) and
Fiscal year 2017
Fiscal year 2016
Income
Expense
Net
Income
Expense
Net
in millions of euros
Cash andinterbank transactions
5
(65)
(60) 942
3
(37) (20)
(34) 837
Customer transactions
944 484 178 395 253
(2)
857 398 187 392
Financialservices
(777)
(293)
(696)
(298)
Sales of life insurance products
///
178 332
///
187 332
Payment services
(63)
(60)
Securitiestransactions
(179)
74
212
(150)
62
Trust management services
3,507
0
3,507
3,121
3,121
Financialinstruments and off-balance sheet transactions
201
(155)
46
168
(159)
9
Other fee and commission income/(expense) TOTALFEE ANDCOMMISSIONINCOME AND EXPENSES
296
(1,049)
(753)
283
(927)
(644)
6,263
(2,290)
3,973
5,621
(2,049)
3,572
418
Registration document 2017
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