2019 Universal registration document and annual financial report - BNP PARIBAS 215
4Consolidated finanCial statements for the year ended 31 deCemBer 2019
4
Notes to the financial statements
5.m EQUITY-METHOD INVESTMENTS Cumulated financial information of associates and joint ventures is presented in the following table:
In millions of euros
Year to 31 Dec. 2019
31 December 2019
Year to 31 Dec. 2018
31 December 2018
Share of net income
Share of changes in assets and
liabilities recognised
directly in equity
Share of net income and changes in assets and
liabilities recognised
directly in equity Equity-method
investments Share of net
income
Share of changes in assets and
liabilities recognised
directly in equity
Share of net income and changes in assets and
liabilities recognised
directly in equity Equity-method
investments
Joint ventures 64 (17) 47 965 63 (74) (11) 804
Associates(1) 522 160 682 4,987 565 (62) 503 4,968
TOTAL EQUITY- METHOD ENTITIES 586 143 729 5,952 628 (136) 492 5,772
(1) Including controlled but non material entities consolidated under the equity method.
Financing and guarantee commitments given by the Group to joint ventures are listed in the note 8.h Other related parties.
The carrying amount of the Group s investment in the main joint ventures and associates is presented in the following table:
In millions of euros Country of registration Activity Interest (%) 31 December 2019 31 December 2018
Joint ventures
Bpost banque Belgium Retail Banking 50% 242 249
Union de Creditos Inmobiliarios Spain Retail mortgage 50% 220 239
Associates
AG Insurance Belgium Insurance 25% 1,747 1,647
Bank of Nanjing China Retail Banking 15% 1,569 1,372
5.n PROPERTY, PLANT, EQUIPMENT AND INTANGIBLE ASSETS USED IN OPERATIONS, INVESTMENT PROPERTY
In millions of euros
31 December 2019 31 December 2018
Gross value
Accumulated depreciation,
amortisation and impairment
Carrying amount Gross value
Accumulated depreciation,
amortisation and impairment
Carrying amount
INVESTMENT PROPERTY 894 (283) 611 1,031 (316) 715
Land and buildings(1) 13,565 (5,703) 7,862 7,084 (2,061) 5,023
Equipment, furniture and fixtures(1) 7,494 (5,410) 2,084 7,130 (5,083) 2,047
Plant and equipment leased as lessor under operating leases 28,126 (7,546) 20,580 24,675 (6,805) 17,870
Other property, plant and equipment(1) 2,371 (1,212) 1,159 2,086 (1,089) 997
PROPERTY, PLANT AND EQUIPMENT 51,556 (19,871) 31,685 40,975 (15,038) 25,937
Of which right-of-use 6,660 (3,647) 3,013
PROPERTY, PLANT AND EQUIPMENT AND INVESTMENT PROPERTY 52,450 (20,154) 32,296 42,006 (15,354) 26,652
Purchased software 4,093 (3,072) 1,021 3,703 (2,724) 979
Internally-developed software 4,664 (3,581) 1,083 4,250 (3,236) 1,014
Other intangible assets 2,245 (497) 1,748 2,334 (544) 1,790
INTANGIBLE ASSETS 11,002 (7,150) 3,852 10,287 (6,504) 3,783
(1) Changes over the period include the effect of IFRS 16 first time adoption (see note 2).
