BPCE_REGISTRATION_DOCUMENT_2017
FINANCIAL REPORT IFRS Consolidated Financial Statements of BPCE SA group as at December 31, 2017
Note 8
Partnerships and associates
8.1
INVESTMENTS IN ASSOCIATES
Partnerships and other associates 8.1.1 The Group’s maininvestmentsin joint venturesand associatesare as follows:
12/31/2017
12/31/2016
in millionsof euros
CNP Assurances(group)
2,657
2,540
Socram Banque
76
76
EDF Investment Group(EIG)
521 231
524 158
Other
Financial sectorcompanies Non-financial companies
3,485
3,298
140
147
TOTALINVESTMENTSIN ASSOCIATES
3,625
3,445
Financial data for the main joint arrangements and associates 8.1.2 Summarizedfinancialdata for materialjoint venturesand/or companiesunder notable influenceare as follows (based on the last availabledata published by the entities in question):
Associates
CNP Assurances (group)
EDF Investment Group (EIG)
5
Socram Banque
in millions of euros
DIVIDENDSRECEIVED MAINAGGREGATES Total assets
88
2
11
423,298 405,040
2,066 1,839
8,583
Total debt
57
Incomestatement Operating incomeor net banking income
2,519 (896) 1,623
56 (2)
247 (77) 170
Incometax Net income
5
CARRYINGVALUEOF INVESTMENTS INASSOCIATES Equity of associates*
18,258 16.11%
227
8,526 6.11%
Percentage ofownership
33.42%
VALUE OF INVESTMENTS IN ASSOCIATES
2,657
76
521
o/w goodwill MARKET VALUE OF INVESTMENTS IN ASSOCIATES
2,129
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The equityusedby BPCE SAgroup to consolidateCNP Assurances(group)via the equitymethod is subjectto restatement(deeplysubordinatednotes). *
BPCE SA group has nointerestin any jointventure that has amaterial impact onthe consolidatedfinancial statements.
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Registration document 2017
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