2020 Universal registration document and annual financial report - BNP PARIBAS 231
4Consolidated finanCial statements for the year ended 31 deCemBer 2020
4
Notes to the financial statements
4.o GOODWILL
In millions of euros Year to
31 Dec 2020 Year to
31 Dec 2019
CARRYING AMOUNT AT START OF PERIOD 7,817 8,487
Acquisitions 5 55
Impairment recognised during the period (820)
Exchange rate adjustments (329) 97
Other movements (2)
CARRYING AMOUNT AT END OF PERIOD 7,493 7,817
Gross value 11,247 11,608
Accumulated impairment recognised at the end of period (3,754) (3,791)
Goodwill by cash-generating unit is as follows:
In millions of euros
Carrying amount Impairment recognised Acquisitions
31 December 2020
31 December 2019
Year to 31 Dec. 2020
Year to 31 Dec. 2019
Year to 31 Dec. 2020
Year to 31 Dec. 2019
Retail Banking & Services 6,311 6,602 - (820) 5 (2)
Domestic Markets 1,424 1,440 - - 5 -
Arval 510 515 5
Leasing Solutions 149 151
New Digital Businesses 159 159
Personal Investors 600 609
Others 6 6
International Financial Services 4,887 5,162 - (820) - (2)
Asset Management 181 187
Insurance 352 353
BancWest 2,362 2,571 (500)
Personal Finance 1,238 1,293
Personal Finance partnership tested individually (318)
Real Estate 403 407 (2)
Wealth Management 314 314 (2)
Others 37 37
Corporate & Institutional Banking 1,179 1,212 - - - 57
Corporate Banking 273 277
Global Markets 460 481 57
Securities Services 446 454
Other Activities 3 3 - - - -
TOTAL GOODWILL 7,493 7,817 - (820) 5 55
Negative goodwill 5 2
CHANGE IN VALUE OF GOODWILL RECOGNISED IN THE PROFIT AND LOSS ACCOUNT 5 (818)