BPCE_REGISTRATION_DOCUMENT_2017

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

Change in plan assets The plan assets presented in the table below include the fair value of plan assets andreimbursementrights (seeNote

9.2.1).

Post-employment benefits related to defined-benefit pension plans

Other long-term employee benefits

Supplementary pension benefits and other

End-of-career awards

Long-service awards

Fiscal year 2017

Fiscal year 2016

in millions of euros

Fair value of plan assetsat start ofyear

7,930

357

10

8,297

7,932

Interest income

132

3

135 233

159

Plan participantcontributions

46

187 (23)

27

Benefits paid

(147)

(170)

(143)

Other

(2) 29

7

5

1

Changesrecorded in income

174

203 (79) (79) (29)

44

Revaluation adjustments – Return on planassets

(84) (84) (29)

5 5

329 329

Changes recognizeddirectlyin non-recyclableequity

Foreign exchange rate adjustments

(1) (7)

Other

(3)

9

6

FAIR VALUE OFPLAN ASSETSAT END OF YEAR (1)

7,843

545

10

8,398

8,297

O/w €589 millionin reimbursementrights includedin retirementbenefitsand €43 millionincludedin end-of-careerbenefits. (1)

Revaluation differences on post-employment benefits

Supplementary pension benefits and other

End-of-career awards

5

Fiscal year 2017

Fiscal year 2016

in millionsof euros

Revaluation adjustments at start ofperiod Revaluation adjustmentsover theperiod

407 221

59 (7)

466 214

258 101 107 466

Adjustmentsto asset ceiling

(275)

(275)

Revaluation adjustments at endof period

353

52

405

Returnson plan assets are calculatedby applyingthe same discountrate as the one appliedto gross liabilities.The differencebetweenthe actual return at the balancesheet dateand this financialincome isa revaluation difference recorded in equity for post-employment benefits.

Actuarial expense under defined-benefit plans 9.2.3 The various components of the charge recognized for defined-benefit plansare included under “Payroll costs”.

Post-employment benefits related to defined-benefit pension plans

Other long-term employee benefits

Supplementary pension benefits and other

Fiscal year 2017

End-of-career awards

Long-service awards

Fiscal year 2016

Other

in millions of euros

Service cost

(18)

(53)

(18)

(47)

(136)

(123)

Service cost for priorperiods

43

(3)

(4) (2)

11

47

22

Interestcost

(123)

(10)

(135)

(166)

Interest income Benefits paid

132

3

135 115 233

159 124

36 46

21

10

48

Plan participantcontributions

187

27

Other (o/wasset ceiling)

(13) 103

4

3

(6)

(18)

TOTALEXPENSEFOR THEYEAR (1)

149

(11)

12

253

25

O/w:a chargeof €95 millionrecordedunderpayrollcostsand a net paymentof +€348 millionin benefitsand contributions. (1)

311

Registration document 2017

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