Universal registration document and annual financial report 2020

2020 Universal registration document and annual financial report - BNP PARIBAS162

1.e.8 Financial liabilities and equity instruments 181

1.e.9 Hedge accounting 181

1.e.10 Determination of fair value 182

1.e.11 Derecognition of financial assets and financial liabilities 183

1.e.12 Offsetting financial assets and financial liabilities 183

1.f Accounting standards specific to insurance activities 184

1.f.1 Profit and loss account 184

1.f.2 Financial investments of insurance activities 184

1.f.3 Technical reserves and other insurance liabilities 185

1.g Property, plant, equipment and intangible assets 186

1.h Leases 187

1.h.1 Group company as lessor 187

1.h.2 Group company as lessee 187

1.i Non-current assets held for sale and discontinued operations 188

1.j Employee benefits 188

1.k Share-based payments 189

1.l Provisions recorded under liabilities 189

1.m Current and deferred tax 189

1.n Cash flow statement 190

1.o Use of estimates in the preparation of the financial statements 190

Note 2 Notes to the profit and loss account for the year ended 31 December 2020 191

2.a Net interest income 191

2.b Commission income and expense 192

2.c Net gain on financial instruments at fair value through profit or loss 192

2.d Net gain on financial instruments at fair value through equity 193

2.e Net income from insurance activities 193

2.f Net income from other Activities 194

2.g Other operating expenses 194

2.h Cost of risk 194

2.i Corporate income tax 201

Note 3 Segment information 202

Note 4 Notes to the balance sheet at 31 December 2020 206

4.a Financial instruments at fair value through profit or loss 206

4.b Derivatives used for hedging purposes 207

4.c Financial assets at fair value through equity 210

4.d Measurement of the fair value of financial instruments 211

4.e Financial assets at amortised cost 220

4.f Impaired financial assets (stage 3) 221

4.g Financial liabilities at amortised cost due to credit institutions and customers 222

4.h Debt securities and subordinated debt 223

4.i Financial investments of insurance activities 225

4.j Technical reserves and other insurance liabilities 227

4.k Current and deferred taxes 228

4.l Accrued income/expense and other assets/liabilities 229

4.m Equity-method investments 229

4.n Property, plant, equipment and intangible assets used in operations, investment property 230