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Reporte De Información Financiera Complementaria Del Garante Al 30 De Junio De 2019

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Reporte De Información Financiera Complementaria Del Garante Al 30 De Junio De 2019 REPORTE DE INFORMACIÓN FINANCIERA COMPLEMENTARIA DEL GARANTE AL 30 DE JUNIO DE 2019 Cetelem, S.A. de C.V., Sociedad Financiera de Objeto Múltiple, Entidad Regulada REPORTE QUE CONTIENE INFORMACIÓN FINANCIERA COMPLEMENTARIA DEL GARANTE AL 30 DE JUNIO DE 2019 PRESENTADA DE ACUERDO CON LAS DISPOSICIONES DE CARÁCTER GENERAL APLICABLES A LAS EMISORAS DE VALORES Y A OTROS PARTICIPANTES DEL MERCADO DE VALORES, EMITIDAS POR LA COMISIÓN NACIONAL BANCARIA Y DE VALORES. Los términos con mayúscula inicial que no se encuentren definidos en el presente Reporte tendrán el significado que se les atribuye en el Reporte Anual 2018. La información contenida en el presente Reporte forma parte integral del reporte anual correspondiente al ejercicio social concluido el 31 de diciembre de 2018, presentado por Cetelem, S.A. de C.V., Sociedad Financiera de Objeto Múltiple, Entidad Regulada (el “Emisor”) ante la Comisión Nacional Bancaria y de Valores (la “Comisión”) el 26 de abril de 2019 (el “Reporte Anual 2018”). Este documento, junto con el Reporte Anual 2018, pueden ser consultados en los portales de Internet de la Bolsa Mexicana de Valores (la “BMV”) (www.bmv.com.mx), de la CNBV (www.gob.mx/cnbv) y del Emisor (www.cetelem.com.mx). El presente Reporte tiene por objeto actualizar la información financiera de BNP Paribas, como garante (el “Garante”), al 30 de junio de 2019, debido a que en el mercado de valores del país de origen del Garante se ha llevado a cabo la publicación de los estados financieros a fechas intermedias con revisión limitada por el periodo terminado el 30 de junio de 2019. Para mayor información sobre BNP Paribas, los inversionistas podrán consultar adicionalmente el portal de Internet de BNP Paribas (www.bnpparibas.com/en) y el portal de Internet de la Comisión Bancaria de Francia (Comission Bancaire) (http://www.banque-france.fr/). Ciudad de México, a 22 de agosto de 2019 I. INFORMACIÓN FINANCIERA DEL GARANTE El Emisor hizo del conocimiento del público inversionista, mediante una publicación en la página de la BMV y de la CNBV el 1 de agosto de 2019, la revelación de la información financiera del primer semestre de BNP Paribas al 30 de junio de 2019, mismos que fueron divulgados al público inversionista en el mercado de origen del Garante y pueden ser consultados gratuitamente en la siguiente dirección de Internet: www.bnpparibas.com/en, así como su traducción al español publicada en la página de la BMV y de la CNBV el 20 de agosto de 2019. Dicha documentación, así como su respectiva traducción certificada al español, se adjuntan al presente como Anexo A, y pueden consultarse gratuitamente en los portales de Internet de la BMV (www.bmv.com.mx), de la CNBV (www.gob.mx/cnbv) y del Emisor (www.cetelem.com.mx). ANEXO ANEXO A Estados Financieros con revisión limitada del Garante correspondientes al 30 de junio de 2019, así como su correspondiente traducción al idioma español por perito traductor certificado. El Anexo A forma parte integral del presente Reporte. Auditores Externos del Garante Los suscritos, auditores conjuntos del Garante, en este acto confirmamos que (a) de conformidad con las normas de auditoría generalmente aceptadas en Francia, hemos realizado una revisión limitada de los estados financieros intermedios condensados consolidados del primer semestre del Garante por el periodo terminado el 30 de junio de 2019, según se establece en nuestro reporte de fecha 31 de julio de 2019, (el “Reporte de Revisión Limitada”), mismo que ha incluido en el presente reporte de información financiera complementaria, cuya traducción al español ha sido certificada por perito traductor; y (b) estamos de acuerdo con la inclusión del Reporte de Revisión Limitada en este reporte de información financiera complementaria. ______________________ ______________________ ______________________ Laurence Dubois Patrice Morot Virginie Chauvin Socio y Representante Legal Socio y Representante Legal Socio y Representante Legal Deloitte & Associés PricewaterhouseCoopers Audit Mazars La presente leyenda se incluye exclusivamente con respecto a la información financiera del primer semestre del Garante al y por el periodo terminado el 30 de junio de 2019, misma que ha sido revisada conjuntamente por Deloitte & Associés, PricewaterhouseCoopers Audit, y Mazars en Francia. Nuestro consentimiento para la inclusión de nuestro Reporte de Revisión Limitada en este reporte de información financiera complementaria no deberá ser interpretado como la reexpedición de dicho reporte. Hacemos notar que no hemos realizado auditoría alguna a los estados financieros de BNP Paribas con respecto a periodos posteriores al terminado el 31 de diciembre de 2018 o revisión alguna a los estados financieros de BNP Paribas con respecto a periodos posteriores al terminado el 30 de junio de 2019. CONTENTS CONSOLIDATED FINANCIAL STATEMENTS 4 PROFIT AND LOSS ACCOUNT FOR THE FIRST HALF OF 2019 4 STATEMENT OF NET INCOME AND CHANGES IN ASSETS AND LIABILITIES RECOGNISED DIRECTLY IN EQUITY 5 BALANCE SHEET AT 30 JUNE 2019 6 CASH FLOW STATEMENT FOR THE FIRST HALF OF 2019 7 STATEMENT OF CHANGES IN SHAREHOLDERS’ EQUITY 8 NOTES TO THE FINANCIAL STATEMENTS 10 1. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES APPLIED BY THE GROUP 10 1.a Accounting standards 10 1.b Consolidation 11 1.c Translation of foreign currency transactions 16 1.d Net interest income, commissions and income from other activities 16 1.e Financial assets and liabilities 18 1.f Accounting standards specific to insurance activities 31 1.g Property, plant, equipment and intangible assets 35 1.h Leases 36 1.i Non-current assets held for sale and discontinued operations 37 1.j Employee benefits 37 1.k Share-based payments 39 1.l Provisions recorded under liabilities 40 1.m Current and deferred tax 40 1.n Cash flow statement 41 1.o Use of estimates in the preparation of the financial statements 41 2. EFFECT OF IFRS 16 FIRST TIME ADOPTION 43 3. NOTES TO THE PROFIT AND LOSS ACCOUNT FOR THE FIRST HALF OF 2019 44 3.a Net interest income 44 3.b Commission income and expense 45 3.c Net gain on financial instruments at fair value through profit or loss 46 3.d Net gain on financial instruments at fair value through equity 47 3.e Net income from insurance activities 48 3.f Net income from other Activities 48 3.g Other operating expenses 48 3.h Cost of risk 49 3.i Corporate income tax 53 4. SEGMENT INFORMATION 54 5. NOTES TO THE BALANCE SHEET AT 30 JUNE 2019 57 5.a Financial instruments at fair value through profit or loss 57 5.b Financial assets at fair value through equity 59 5.c Measurement of the fair value of financial instruments 60 5.d Financial assets at amortised cost 71 5.e Financial liabilities at amortised cost due to credit institutions and customers 73 5.f Debt securities and subordinated debt 74 5.g Financial investments of insurance activities 76 5.h Technical reserves and other insurance liabilities 78 5.i Current and deferred taxes 79 5.j Accrued income/expense and other assets/liabilities 79 5.k Property, plant, equipment and intangible assets used in operations, investment property 80 - 2 - Consolidated financial statements as at 30 June 2019 5.l Goodwill 82 5.m Provisions for contingencies and charges 83 5.n Offsetting of financial assets and liabilities 84 6. FINANCING AND GUARANTEE COMMITMENTS 87 6.a Financing commitments given or received 87 6.b Guarantee commitments given by signature 87 6.c Securities commitments 87 7. ADDITIONAL INFORMATION 88 7.a Changes in share capital and earnings per share 88 7.b Contingent liabilities : legal proceedings and arbitration 92 7.c Business combinations and loss of control or significant influence 94 7.d Minority interests 95 7.e Fair value of financial instruments carried at amortised cost 98 7.f Scope of consolidation 100 - 3 - Consolidated financial statements as at 30 June 2019 CONSOLIDATED FINANCIAL STATEMENTS Prepared in accordance with IFRS as adopted by the European Union The consolidated financial statements of the BNP Paribas Group are presented for the first halves of 2019 and 2018. In accordance with Article 20.1 of Annex I of European Commission Regulation (EC) 809/2004, the consolidated financial statements for the first half of 2017 are provided in the registration document filed with the Autorité des marchés financiers on 6 March 2018 under number D.18-0104. PROFIT AND LOSS ACCOUNT FOR THE FIRST HALF OF 2019 Notes First half 2019 First half 2018 In millions of euros Interest income 3.a 19,167 17,948 Interest expense 3.a (8,669) (7,495) Commission income 3.b 6,334 6,502 Commission expense 3.b (1,865) (1,842) Net gain on financial instruments at fair value through profit or loss 3.c 3,690 3,545 Net gain on financial instruments at fair value through equity 3.d 218 170 Net gain on derecognised financial assets at amortised cost 2 14 Net income from insurance activities 3.e 2,318 2,133 Income from other activities 3.f 6,675 6,612 Expense on other activities 3.f (5,502) (5,583) REVENUES 22,368 22,004 Salary and employee benefit expense (8,667) (8,385) Other operating expenses 3.g (5,973) (6,434) Depreciation, amortisation and impairment of property, plant and equipment and intangible (1,244) (809) assets GROSS OPERATING INCOME 6,484 6,376 Cost of risk 3.h (1,390) (1,182) OPERATING INCOME 5,094 5,194 Share of earnings of equity-method entities 314 294 Net gain on non-current assets 1,471 206 Goodwill 5.l (819) 15 PRE-TAX INCOME 6,060 5,709 Corporate income tax 3.i (1,462) (1,476) NET INCOME 4,598 4,233 Net income attributable to minority interests 212 273 NET INCOME
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