2020 Universal registration document and annual financial report - BNP PARIBAS 145
32020 review of oPerations
3
Profit and loss account
OPERATING INCOME
In millions of euros Year to 31 Dec.
2020 Year to 31 Dec.
2019 Change
(2020/2019)
OPERATING INCOME 8,364 10,057 -17%
Share of earnings of equity-method entities 423 586 -28%
Net gain on non-current assets 1,030 1,569 -34%
Goodwill 5 (818) ns
Corporate income tax (2,407) (2,811) -14%
Net income attributable to minority interests (348) (410) -15%
NET INCOME ATTRIBUTABLE TO EQUITY HOLDERS 7,067 8,173 -14%
SHARE OF EARNINGS OF EQUITY-METHOD ENTITIES The share of earnings of equity-method entities decreased from EUR 586 million in 2019 to EUR 423 million in 2020.
NET GAIN ON NON-CURRENT ASSETS This item includes net realised gains or losses on sales of tangible and intangible assets used in operations and on sales of investments in consolidated undertakings.
Net gains on fixed assets decreased by EUR 539 million (EUR 1,030 million in 2020 compared with EUR 1,569 million in 2019). The main capital gains realised relate to gain and losses of disposals on operating building in 2020 for EUR 754 million and the partial sale of SBI Life in 2019 for EUR 1,450 million.
CHANGE IN VALUE OF GOODWILL Changes in the value of goodwill amounted to EUR 5 million in 2020, compared with EUR -818 million in 2019 (including a partial goodwill impairment of BancWest for EUR 500 million).
INCOME TAX EXPENSE The Group records an income tax expense of EUR 2,407 million in 2020, a decrease compared with the income tax expense of EUR 2,811 million recorded in 2019.
MINORITY INTERESTS
The share of earnings attributable to minority interests in consolidated companies decreased by EUR 62 million (to EUR 348 million in 2020 compared with EUR 410 million in 2019).
In total, operating income amounts to EUR 8,364 million (compared with EUR 10,057 million in 2019).
NET INCOME ATTRIBUTABLE TO EQUITY HOLDERS
