BPCE_REGISTRATION_DOCUMENT_2017
5 FINANCIAL REPORT
IFRS Consolidated Financial Statements of BPCE SA group as at December 31, 2017
Summarized financial data for non-materialjoint ventures and companies under significant influence at December
31, 2017 isas follows:
12/31/2017
12/31/2016
in millionsof euros
Value ofinvestments in associates
158
305
Total amount ofshare in: Net income
21
4
Gains and lossesrecognizeddirectly in other comprehensive income
1
(1)
COMPREHENSIVE INCOME
22
3
Nature and scope of major restrictions 8.1.3 BPCE SA group has not been faced with any major restrictions relating to interests held in associates and jointventures.
8.2
SHARE IN NET INCOME OF ASSOCIATES
Fiscal year 2017
Fiscal year 2016
in millionsof euros
CNP Assurances(group)
207
193 (13)
BanqueBCP SAS*
0
EDF Investment Group
10
14
Socram Banque
2
4
Other
16
(1)
Financial sectorcompanies Non-financial companies
235
197
6
5
SHARE INNET INCOMEOF ASSOCIATES
241
202
Includinga capital loss on the sale of BanqueBCP SASsecurities toCaissed’EpargneIle-de-France,for -€18 million. *
Note 9
Employee benefits
9.1
PAYROLL COSTS
Fiscal year 2017
Fiscal year 2016
in millionsof euros
Wagesand salaries
(3,367)
(3,157)
Costs ofdefined-contributionplans
(141)
(184)
Other socialsecuritycosts and payroll-based taxes
(1,139)
(1,108)
Profit-sharing and incentiveschemes
(217)
(197)
TOTALPAYROLLCOSTS
(4,864)
(4,646)
EMPLOYEE BENEFITS 9.2 BPCE SA group grants its staffa variety of employee benefits: pensions and other post-employmentbenefits such as retirement ● indemnities and other benefits granted toretirees; other benefits such as long-service awards and other long-term ● employee benefits.
The Employment and CompetitivenessTax Credit (CICE) is deducted from payroll costs. It came to € 13 million in respect of fiscal year 2017 ( € 11 million for 2016). The use of this tax is presented in section 6 “Social, environmental and societal information” of the registration document.
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Registration document 2017
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