2020 Universal registration document and annual financial report - BNP PARIBAS 193
4Consolidated finanCial statements for the year ended 31 deCemBer 2020
4
Notes to the financial statements
2.d NET GAIN ON FINANCIAL INSTRUMENTS AT FAIR VALUE THROUGH EQUITY
In millions of euros Year to
31 Dec. 2020 Year to
31 Dec. 2019
Net gain on debt instruments(1) 196 234
Dividend income on equity instruments 53 116
NET GAIN ON FINANCIAL INSTRUMENTS AT FAIR VALUE THROUGH EQUITY 249 350
(1) Interest income from debt instruments is included in Net interest income (note 2.a), and impairment losses related to potential issuer default are included in Cost of risk (note 2.h).
Unrealised gains and losses on debt securities previously recorded under Changes in assets and liabilities recognised directly in equity that may be reclassified to profit or loss and included in the pre-tax income, amount to a gain of EUR 144 million for the year ended 31 December 2020, compared with EUR 194 million for the year ended 31 December 2019.
2.e NET INCOME FROM INSURANCE ACTIVITIES
In millions of euros Year to
31 Dec. 2020 Year to
31 Dec. 2019
Premiums earned 21,259 24,183
Net gain from investment contracts with discretionary participation feature and other services 49 32
Net income from financial investments 4,610 14,858
Technical charges related to contracts (19,664) (32,423)
Net charges from ceded reinsurance (158) (118)
External services expenses (1,982) (2,095)
NET INCOME FROM INSURANCE ACTIVITIES 4,114 4,437
In millions of euros Year to
31 Dec. 2020 Year to
31 Dec. 2019
Net gain on available-for-sale financial assets 2,809 3,273
Interest income and dividends 2,752 3,040
Additions to impairment provisions (338) (160)
Net disposal gains 395 393
Net gain on financial instruments at fair value through profit or loss 1,523 11,278
Net gain on financial instruments at amortised cost 124 106
Investment property income 168 200
Share of earnings of equity-method investments (5) 5
Other expense (9) (4)
NET INCOME FROM FINANCIAL INVESTMENTS 4,610 14,858
