2020 Universal registration document and annual financial report - BNP PARIBAS 261
4Consolidated finanCial statements for the year ended 31 deCemBer 2020
4
Notes to the financial statements
➤ RELATED-PARTY PROFIT AND LOSS ITEMS
In millions of euros
Year to 31 Dec. 2020 Year to 31 Dec. 2019
Joint ventures Associates Joint ventures Associates
Interest income 30 5 29 9
Interest expense (5) (6) (6) (9)
Commission income 145 279 151 279
Commission expense (8) (38) (12) (28)
Services provided 32 1 52
Services received (6) (2) (7)
Lease income (1) 1
Net income from insurance activities (3) (4) (2) (6)
TOTAL 159 261 160 290
Group Entities managing certain post- employment benefit plans offered to Group employees
In Belgium, BNP Paribas Fortis funds a number of pension schemes managed by AG Insurance in which the BNP Paribas Group has a 25% equity interest.
In other countries, post-employment benefit plans are generally managed by independent fund managers or independent insurance companies, and occasionally by Group companies (in particular BNP Paribas Asset
Management, BNP Paribas Cardif and Bank of the West). In Switzerland, a dedicated foundation manages pension plans for BNP Paribas Switzerland s employees.
At 31 December 2020, the value of plan assets managed by Group companies or by companies over which the Group exercises significant influence was EUR 4,102 million (EUR 4,156 million as at 31 December 2019). Amounts received by Group companies in the year to 31 December 2020 totalled EUR 5 million, and were mainly composed of management and custody fees (unchanged from 2019).
