2020 Universal registration document and annual financial report - BNP PARIBAS164

4 Consolidated finanCial statements for the year ended 31 deCemBer 2020

4

Profit and loss account for the year ended 31 December 2020

The consolidated financial statements of the BNP Paribas Group are presented for the years ended 31 December 2020 and 31 December 2019. In accordance with Article 20.1 of Annex I of European Commission Regulation (EC) 809/2004, the consolidated financial statements for the year ended 31 December 2018 are provided in the Universal registration document filed with the Autorité des Marchés Financiers on 3 March 2020 under number D.20-0097.

4.1 Profit and loss account for the year ended 31 December 2020

In millions of euros Notes Year to

31 Dec. 2020 Year to

31 Dec. 2019

Interest income 2.a 33,589 37,327

Interest expense 2.a (12,277) (16,200)

Commission income 2.b 13,599 13,265

Commission expense 2.b (3,737) (3,900)

Net gain on financial instruments at fair value through profit or loss 2.c 6,861 7,111

Net gain on financial instruments at fair value through equity 2.d 249 350

Net gain on derecognised financial assets at amortised cost 36 3

Net income from insurance activities 2.e 4,114 4,437

Income from other activities 2.f 13,194 13,502

Expense on other activities 2.f (11,353) (11,298)

REVENUES 44,275 44,597

Salary and employee benefit expense 6.a (16,946) (17,553)

Other operating expenses 2.g (10,809) (11,339) Depreciation, amortisation and impairment of property, plant and equipment and intangible assets 4.n (2,439) (2,445)

GROSS OPERATING INCOME 14,081 13,260

Cost of risk 2.h (5,717) (3,203)

OPERATING INCOME 8,364 10,057

Share of earnings of equity-method entities 4.m 423 586

Net gain on non-current assets 1,030 1,569

Goodwill 4.o 5 (818)

PRE-TAX INCOME 9,822 11,394

Corporate income tax 2.i (2,407) (2,811)

NET INCOME 7,415 8,583

Net income attributable to minority interests 348 410

NET INCOME ATTRIBUTABLE TO EQUITY HOLDERS 7,067 8,173

Basic earnings per share 7.a 5.31 6.21

Diluted earnings per share 7.a 5.31 6.21