2019 Universal registration document and annual financial report - BNP PARIBAS152
4 Consolidated finanCial statements for the year ended 31 deCemBer 2019
4
Profit and loss account for the year ended 31 December 2019
The consolidated financial statements of the BNP Paribas Group are presented for the years ended 2019 and 2018. In accordance with article 20.1 of Annex I of European Commission Regulation (EC) 809/2004, the consolidated financial statements for the year ended 2017 are provided in the Registration document filed with the Autorité des Marchés Financiers on 5 March 2019 under number D.19-0114.
4.1 Profit and loss account for the year ended 31 December 2019
In millions of euros Notes Year to
31 Dec. 2019 Year to
31 Dec. 2018
Interest income 3.a 37,327 35,723
Interest expense 3.a (16,200) (14,661)
Commission income 3.b 13,265 12,925
Commission expense 3.b (3,900) (3,718)
Net gain on financial instruments at fair value through profit or loss 3.c 7,111 5,808
Net gain on financial instruments at fair value through equity 3.d 350 315
Net gain on derecognised financial assets at amortised cost 3 (5)
Net income from insurance activities 3.e 4,437 4,064
Income from other activities 3.f 13,502 12,324
Expense on other activities 3.f (11,298) (10,259)
REVENUES 44,597 42,516
Salary and employee benefit expense 7.a (17,553) (16,617)
Other operating expenses 3.g (11,339) (12,290) Depreciation, amortisation and impairment of property, plant and equipment and intangible assets 5.n (2,445) (1,676)
GROSS OPERATING INCOME 13,260 11,933
Cost of risk 3.h (3,203) (2,764)
OPERATING INCOME 10,057 9,169
Share of earnings of equity-method entities 5.m 586 628
Net gain on non-current assets 1,569 358
Goodwill 5.o (818) 53
PRE-TAX INCOME 11,394 10,208
Corporate income tax 3.i (2,811) (2,203)
NET INCOME 8,583 8,005
Net income attributable to minority interests 410 479
NET INCOME ATTRIBUTABLE TO EQUITY HOLDERS 8,173 7,526
Basic earnings per share 8.a 6.21 5.73
Diluted earnings per share 8.a 6.21 5.73
