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