BPCE_REGISTRATION_DOCUMENT_2017

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

5.3.3

Comprehensive income

Fiscal year 2017

Fiscal year 2016

in millionsof euros Net income

1,515

2,158

Revaluation differenceson defined-benefit pension schemes

14

(73)

Revaluation ofown creditrisk on financialliabilities designatedat fair valuethrough profitor loss (1)

(198)

(142)

Incometaxes (2)

31

72

Share ofgains and losses recognized directly in othercomprehensiveincome ofassociatesthat cannot be reclassified in income

(1)

(1)

Items that cannot be reclassifiedin income

(154) (700)

(144)

Foreign exchange rateadjustments

121

Change in thevalue of available-for-sale financial assets

95

(358)

Change in thevalue of hedging derivatives

105

19

Incometaxes (2)

27

(84)

Share ofgains and losses recognized directly in othercomprehensiveincome ofassociates that can be reclassified in income

9

110

Items that can be reclassifiedin income

(464) (618)

(192) (336) 1,822 1,255

Gains andlosses recognized directly in othercomprehensiveincome (after income tax)

COMPREHENSIVE INCOME

897 464 433

Attributable toequity holdersof the parent

Non-controllinginterests 567 The earlyapplicationat January 1,2016of the provisionsof IFRS 9“Financialinstruments”relatingto financialliabilitiesis recognizedunder“Revaluationof own creditrisk on financialliabilities (1) designatedat fair value throughprofitor loss.” Changesin fair valueattributableto own creditrisk on financialliabilitiesdesignatedat fair value throughprofitor loss for 2017and booked in equity amountedto -€198 million,or -€148 millionafter tax (-€142 million,or -€93 millionafter tax for 2016).Fair valuegainsand lossesattributableto own creditrisk generatedon the early redemption of securitiesover the periodwere transferredto consolidatedreservesin the amountof €3 million(€8 millionin 2016). In 2017,the FrenchFinanceAct for 2018and the fiscalreform in the UnitedStates loweredtax rates,whichallowedBPCE SAgroup to revalue its net deferredtax position(see Note 5.9). (2)

5

361

Registration document 2017