2020 Universal registration document and annual financial report - BNP PARIBAS230

4 Consolidated finanCial statements for the year ended 31 deCemBer 2020

4

Notes to the financial statements

4.n PROPERTY, PLANT, EQUIPMENT AND INTANGIBLE ASSETS USED IN OPERATIONS, INVESTMENT PROPERTY

In millions of euros

31 December 2020 31 December 2019

Gross value

Accumulated depreciation,

amortisation and impairment

Carrying amount Gross value

Accumulated depreciation,

amortisation and impairment

Carrying amount

INVESTMENT PROPERTY 926 (322) 604 894 (283) 611

Land and buildings 13,180 (5,626) 7,554 13,565 (5,703) 7,862

Equipment, furniture and fixtures 7,262 (5,333) 1,929 7,494 (5,410) 2,084

Plant and equipment leased as lessor under operating leases 30,435 (8,204) 22,231 28,126 (7,546) 20,580

Other property, plant and equipment 2,387 (1,206) 1,181 2,371 (1,212) 1,159

PROPERTY, PLANT AND EQUIPMENT 53,264 (20,369) 32,895 51,556 (19,871) 31,685

Of which right of use 6,871 (3,728) 3,143 6,660 (3,647) 3,013

PROPERTY, PLANT AND EQUIPMENT AND INVESTMENT PROPERTY 54,190 (20,691) 33,499 52,450 (20,154) 32,296

Purchased software 3,880 (3,080) 800 4,093 (3,072) 1,021

Internally-developed software 5,435 (4,095) 1,340 4,664 (3,581) 1,083

Other intangible assets 2,307 (548) 1,759 2,245 (497) 1,748

INTANGIBLE ASSETS 11,622 (7,723) 3,899 11,002 (7,150) 3,852

Investment property

Land and buildings leased by the Group as lessor under operating leases are recorded in Investment property .

The estimated fair value of investment property accounted for at amortised cost at 31 December 2020 is EUR 743 million, compared with EUR 719 million at 31 December 2019.

Operating leases

Operating leases and investment property transactions are in certain cases subject to agreements providing for the following minimum future payments:

In millions of euros 31 December 2020 31 December 2019

Future minimum lease payments receivable under non-cancellable leases 7,366 7,182

Payments receivable within 1 year 3,167 3,064

Payments receivable after 1 year but within 5 years 4,139 4,076

Payments receivable beyond 5 years 60 42

Future minimum lease payments receivable under non-cancellable leases are payments that the lessee is required to make during the lease term.

Intangible assets

Other intangible assets include leasehold rights, goodwill and trademarks acquired by the Group.

Amortisation and provision

Net depreciation and amortisation expense for the year ended 31 December 2020 was EUR 2,431 million, compared with EUR 2,415 million for the year ended 31 December 2019.

The net increase in impairment on property, plant, equipment and intangible assets taken to the profit and loss account for the year ended 31 December 2020 amounted to EUR 8 million, compared with EUR 30 million for the year ended 31 December 2019.