BPCE - 2018 Registration document

5 FINANCIAL REPORT

IFRS Consolidated Financial Statements of Groupe BPCE as at December 31, 2018

4.8

GAINS OR LOSSES ON OTHER ASSETS

Accounting principles This item includes gains and losses on disposals of property, plant and equipment and intangible assets, as well as gains and losses on disposals of consolidated investments in associates.

Fiscal year 2018

Fiscal year 2017

in millions of euros

Gains or losses on disposals of property, plant and equipment and intangible assets used in operations

13

87

Gains or losses on disposals of consolidated investments TOTAL GAINS OR LOSSES ON OTHER ASSETS

2

1

15

88

In 2018, gains or losses on disposals of consolidated investments mostly related to Axeltis and Selection 1818 (+ € 42 million). This gain was partially offset by the provision recorded for the disposal of BPCE International’s African subsidiaries (see Note 1.3). In 2017, gains or losses on disposals of property, plant and equipment and intangible assets mainly included the € 84 million capital gain on the sale of the Parc Avenue building.

Gains or losses on disposals of consolidated investments primarily concerned the disposal by Natixis of Ellisphère and IJCOF (+ € 22 million), the two Caspian private equity companies (+ € 10 million) and the liquidation of Nexgen Financial Holding (+ € 18 million). These gains were offset by the - € 37 million provision recorded ahead of the disposal of Banco Primus and Banque des Mascareignes.

Note 5

Notes to the balance sheet

5.1

CASH AND AMOUNTS DUE FROM CENTRAL BANKS

Accounting principles This item mainly includes cash and assets held with the central bank at amortized cost.

12/31/2018

01/01/2018

in millions of euros

Cash

2,667

2,712

Amount due from central banks

73,791 76,458

91,985 94,697

TOTAL CASH AND AMOUNTS DUE FROM CENTRAL BANKS

FINANCIAL ASSETS AND LIABILITIES AT FAIR VALUE THROUGH PROFIT OR LOSS 5.2

Accounting principles Financial assets and liabilities at fair value through profit or loss comprise instruments held for trading, including derivatives; certain assets and liabilities that the Group chose to recognize at fair value at their date of acquisition or issue using the fair value option available under IFRS 9; and non-SPPI assets. Date of recognition Securities are recorded in the balance sheet on the settlement/delivery date. Temporary transfers of securities are also recorded on the settlement/delivery date. When such transactions are recorded under “Assets and liabilities at fair value through profit or loss”, the commitment is recorded as an interest rate derivative. The first-in, first-out (FIFO) method is applied to any partial disposals of securities, expect in special cases.

288

Registration document 2018