BPCE_REGISTRATION_DOCUMENT_2017

5 FINANCIAL REPORT

IFRS Consolidated Financial Statements of Groupe BPCE as at December 31, 2017

ACCRUED EXPENSES AND OTHER LIABILITIES 5.17

12/31/2017

12/31/2016

in millionsof euros

Collection accounts Prepaid income Accounts payable

4,857 1,421 2,696 4,854

8,789 1,415 2,547 5,430

Other accruals

Accrued expensesand otherliabilities

13,828

18,181

Settlement accounts in credit on securities transactions

773

664

Guaranteedeposits received (1)

10,367 14,625

15,996 12,760

Other payables

Other insurance-related liabilities

9,838

8,949

Other liabilities

35,603 49,431

38,369

TOTALACCRUEDEXPENSES ANDOTHERLIABILITIES 56,550 “Securitydepositsreceived”includesmargincallson repurchaseagreementsand derivativesfor €6,659 millionas at December 31,2017,comparedwith €8,978 millionat December 31,2016. (1)

TECHNICAL RESERVES OF INSURANCE COMPANIES 5.18

12/31/2017

12/31/2016

in millionsof euros

Life insurancetechnicalreserves

5,061

4,698

Life insurancetechnical reserves– EUR policies Life insurancetechnical reserves– unit-linked policies

59,777 15,054 74,831

56,103 11,433 67,536

Life insurance technicalreserves Financial contracttechnicalreserves

31

29

Deferred profit-sharing

3,788

3,553

TOTALTECHNICAL RESERVES OF INSURANCE COMPANIES

83,711

75,816

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