2019 Universal registration document and annual financial report - BNP PARIBAS180
4 Consolidated finanCial statements for the year ended 31 deCemBer 2019
4
Notes to the financial statements
In millions of euros
Year to 31 Dec. 2019 Year to 31 Dec. 2018
Income Expense Net Income Expense Net
Financial instruments at amortised cost 30,715 (12,278) 18,437 29,115 (10,482) 18,633
Deposits, loans and borrowings 27,790 (9,083) 18,707 26,957 (8,069) 18,888
Repurchase agreements 186 (88) 98 152 (59) 93
Finance leases 1,398 (86) 1,312 1,312 (73) 1,239
Debt securities 1,341 1,341 694 694
Issued debt securities and subordinated debt (3,021) (3,021) (2,281) (2,281)
Financial instruments at fair value through equity 1,076 - 1,076 965 - 965
Debt securities 1,076 1,076 965 965
Financial instruments at fair value through profit or loss (Trading securities excluded) 63 (347) (284) 42 (442) (400)
Cash flow hedge instruments 2,746 (1,159) 1,587 2,941 (1,369) 1,572
Interest rate portfolio hedge instruments 2,727 (2,349) 378 2,660 (2,368) 292
Lease liabilities - (67) (67)
TOTAL INTEREST INCOME/(EXPENSE) 37,327 (16,200) 21,127 35,723 (14,661) 21,062
Interest income on individually impaired loans amounted to EUR 432 million for the year ended 31 December 2019, compared to EUR 454 million for the year ended 31 December 2018.
3.b COMMISSION INCOME AND EXPENSE
In millions of euros
Year to 31 Dec. 2019 Year to 31 Dec. 2018
Income Expense Net Income Expense Net
Customer transactions 4,535 (1,246) 3,289 4,406 (1,157) 3,249
Securities and derivatives transactions 1,751 (1,283) 468 1,729 (1,187) 542
Financing and guarantee commitments 1,276 (59) 1,217 1,102 (44) 1,058
Asset management and other services 4,769 (288) 4,481 4,723 (246) 4,477
Others 934 (1,024) (90) 965 (1,084) (119)
COMMISSION INCOME/EXPENSE 13,265 (3,900) 9,365 12,925 (3,718) 9,207
of which net commission income related to trust and similar activities through which the Group holds or invests assets on behalf of clients, trusts, pension and personal risk funds or other institutions 2,753 (210) 2,543 2,834 (261) 2,573
of which commission income and expense on financial instruments not measured at fair value through profit or loss 3,105 (490) 2,615 3,005 (427) 2,578
