1352019 Universal registration document and annual financial report - BNP PARIBAS
32019 review of oPerations
3
Profit and loss account
NET INCOME ATTRIBUTABLE TO EQUITY HOLDERS
In millions of euros Year to 31
December 2019 Year to 31
December 2018 Change
(2019/2018)
OPERATING INCOME 10,057 9,169 10%
Share of earnings of equity-method entities 586 628 -7%
Net gain on non-current assets 1,569 358 x4,4
Goodwill (818) 53 ns
Corporate income tax (2,811) (2,203) 28%
Net income attributable to minority interests (410) (479) -14%
NET INCOME ATTRIBUTABLE TO EQUITY HOLDERS 8,173 7,526 9%
SHARE OF EARNINGS OF EQUITY-METHOD ENTITIES The share of earnings of equity-method entities decreased from EUR 628 million in 2018 to EUR 586 million in 2019.
NET GAIN ON NON-CURRENT ASSETS This item includes net realised gains or losses on sales of tangible and intangible assets used in operations and on sales of investments in consolidated undertakings.
Net gains on fixed assets increased by EUR 1,211 million (EUR 1,569 million in 2019 compared with EUR 358 million in 2018). The main capital gains realised relate to the partial sale of SBI Life in 2019 for EUR 1,450 million and of First Hawaiian Bank in 2018 for EUR 286 million.
CHANGE IN VALUE OF GOODWILL Changes in the value of goodwill amounted to -EUR 818 million in 2019 (including a partial goodwill impairment of BancWest for EUR 500 million), compared with EUR 53 million in 2018 (including a EUR 68 million negative goodwill on the Core bank activity of Raiffeisen Polska).
INCOME TAX EXPENSE The Group records an income tax expense of EUR 2,811 million in 2019, up from the amount of EUR 2,203 million recorded in 2018.
MINORITY INTERESTS
The share of earnings attributable to minority interests in consolidated companies decreased by EUR 69 million (to EUR 410 million in 2019 compared with EUR 479 million in 2018).
