2020 Universal registration document and annual financial report - BNP PARIBAS158
3 2020 review of oPerations
3
Alternative Performance Measures (APM) Article 223-1 of the AMF s General regulation
NET EARNINGS PER SHARE
In million 31 December
2020 31 December
2019 31 December
2018 31 December
2017 31 December
2018
Average number of shares outstanding excluding Treasury shares 1,248 1,248 1,248 1,246 1,244
Net income attributable to equity holders 7,067 8,173 7,526 7,759 7,702
Remuneration net of tax of Undated Super Subordinated Notes (436) (414) (367) (286) (357)
Exchange rate effect on reimbursed Undated Super Subordinated Notes (5) (14) 0 64 125
Net income attributable to equity holders, after remuneration and exchange rate effect on Undated Super Subordinated Notes 6,626 7,745 7,159 7,537 7,470
NET EARNINGS PER SHARE (EPS) (IN EUROS) 5.31 6.21 5.73 6.05 6.00
RETURN ON EQUITY
in millions of euros 31 December 2020
31 December 2019 (with 2019 net income
placed into reserves (1)) 31 December 2019
(published)
Net income Group share 7,067 8,173 8,173
Remuneration net of tax of Undated Super Subordinated Notes and exchange effect (441) (428) (428)
Net income Group share used for the calculation of ROE/ROTE 6,626 7,745 7,745
Average permanent shareholders equity, not revaluated, used for the ROE calculation (2) 98,235 92,706 90,770
Return on Equity (ROE) 6.7% 8.4% 8.5%
Average tangible permanent shareholders equity, not revaluated, used for the ROTE calculation (3) 86,704 80,736 78,801
Return on Tangible Equity (ROTE) 7.6% 9.6% 9.8%
(1) In accordance with the Annual General Meeting decision of 19 May 2020 on non-distribution of the 2019 dividend. (2) Average Permanent shareholders equity: average of beginning of the year and end of the period (Permanent Shareholders equity = Shareholders
equity attributable to shareholders changes in assets and liabilities recognised directly in equity Undated Super Subordinated Notes remuneration net of tax payable to holders of Undated Super Subordinated Notes distribution assumption).
(3) Average Tangible permanent shareholders equity: average of beginning of the year and end of the period (Tangible permanent shareholders equity = permanent shareholders equity - intangible assets - goodwill).
