BPCE - 2018 Registration document

5 FINANCIAL REPORT

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

Payment schedule – (non-discounted) amounts paid to beneficiaries

12/31/2018

12/31/2017

CAR-BP

CGP-CE

CAR-BP

CGP-CE

Year N+1 to N+5 Year N+6 to N+10 Year N+11 to N+15 Year N+16 to N+20

184 178 164 143 316

753 882 933 886

185 181 169 149 346

720 860 932 904

Year > N+20

2,528

2,713

Breakdown of fair value of CAR-BP plan assets (including reimbursement rights) and CGP-CE plan assets

12/31/2018

12/31/2017

CAR-BP

CGP-CE

CAR-BP

CGP-CE

Weighting by category

Fair value of plan assets

Weighting by category

Fair value of plan assets

Weighting by category

Fair value of plan assets

Weighting by category

Fair value of plan assets

as a % and in millions of euros

Cash

5.45%

24

0.40%

27

3.23%

15

0.30%

20

Equities Bonds

39.26% 173

9.31% 624 42.03% 191

9.80% 661

46.07% 203 88.29% 5,916 46.43% 211 88.20% 5,950

Real estate

2.00% 134

1.70% 115

Investment funds

9.23%

41

0.00%

-

8.32%

37

TOTAL

100.00% 441 100.00% 6,701 100.00% 454 100.00% 6,746

8.3

SHARE-BASED PAYMENTS

Accounting principles Share-based payments are those based on shares issued by the Group, regardless of whether transactions are settled in the form of equity or cash indexed to the share price. The cost to the Group is calculated on the basis of the fair value at the grant date of the share purchase or subscription options granted by certain subsidiaries. The total cost of the plan is determined by multiplying the unit value of the option by the estimated number of options that will have vested at the end of the vesting period, taking account of the likelihood that the grantees will still be employed by the Group, and of any non-market performance conditions that may affect the plan. The cost to the Group is recognized in income from the date the employees are notified of the plan, without waiting for the vesting conditions, if any, to be satisfied (for example, in the case of a subsequent approval process), or for the beneficiaries to exercise their options. The corresponding adjustment for the expense recorded under equity-settled plans is an increase in equity. The Group recognizes a liability for cash-settled plans. The related cost is taken to income over the vesting period and a corresponding fair value adjustment is booked to a liability account.

The main plans settled in the form of shares are presented below.

Regarding the plans approved at February 13, 2018, as the allocations had not been formally completed on the balance sheet date, the cost assessment was based on the best possible estimate of the inputs on the balance sheet date, both in terms of the share value and dividend assumptions.

Share-based employee retention and performance recognition plans

Each year since 2010, a share-based payment plan has been awarded to certain categories of Natixis group staff, in compliance with regulations.

330

Registration document 2018