BPCE_REGISTRATION_DOCUMENT_2017

5 FINANCIAL REPORT

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

DEBT SECURITIES 5.16 Debt securities are classified based on the nature of the underlying, with the exception of subordinatednotes presented under “Subordinated debt”.

12/31/2017

12/31/2016

in millionsof euros

Bonds

130,745 66,500

147,813 71,754

Interbankmarket instrumentsand negotiable debt securities

Senior non-preferred debt

4,832 1,720

Other debtsecurities

1,701

Total

203,797

221,268

Accrued interest

2,087

2,445

TOTALDEBT SECURITIES

205,884

223,713

A new categoryof liabilitieseligiblefor the numeratorin the TLAC (Total Loss AbsorbingCapacity)calculationhas been introducedby French law and is commonlyreferred to as “senior non-preferreddebt”. These liabilitieshave a ranking betweenthe ranking of own funds and other “senior preferred”debt. The fair valueof debt securities ispresented inNote 15.

ACCRUED EXPENSES AND OTHER LIABILITIES 5.17

12/31/2017

12/31/2016

in millionsof euros

Collection accounts Prepaid income Accounts payable

1,501

5,829

304

272

1,177 3,104 6,086

1,095 3,813

Other accruals

Accrued expensesand otherliabilities

11,009

Settlement accounts in credit on securities transactions

310

286

Guaranteedeposits received*

13,489 12,760

19,927 10,612

Other payables

Other insurance-related liabilities

9,729

8,980

Other liabilities

36,288 42,374

39,805

TOTALACCRUEDEXPENSES ANDOTHERLIABILITIES 50,814 “Securitydepositsreceived”includesmargincallson repurchaseagreementsand derivativesfor €9,890 millionas at December 31,2017,comparedwith €13,029 millionat December 31,2016. *

TECHNICAL RESERVES OF INSURANCE COMPANIES 5.18

12/31/2017

12/31/2016

in millionsof euros

Life insurancetechnicalreserves

5,052

4,692

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

54,087 14,199 68,286

50,515 10,500 61,015

Life insurancetechnicalreserves Financial contracttechnicalreserves

31

29

Deferred profit-sharing

3,275

3,108

TOTALTECHNICAL RESERVES OF INSURANCE COMPANIES

76,644

68,844

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