2019 Universal registration document and annual financial report - BNP PARIBAS246
4 Consolidated finanCial statements for the year ended 31 deCemBer 2019
4
Notes to the financial statements
8.h OTHER RELATED PARTIES Other related parties of the BNP Paribas Group comprise consolidated companies (including entities consolidated under the equity method) and entities managing post-employment benefit plans offered to Group employees (except for multi-employer and multi-industry schemes).
Transactions between the BNP Paribas Group and related parties are carried out on an arm s length basis.
Relations between consolidated companies
A list of companies consolidated by the BNP Paribas Group is provided in note 8.j Scope of consolidation. Transactions and outstanding balances between fully-consolidated entities are eliminated. The tables below show transactions with entities accounted for under the equity method.
➤ OUTSTANDING BALANCES OF RELATED-PARTY TRANSACTIONS
In millions of euros
31 December 2019 31 December 2018
Joint ventures Associates Joint ventures Associates ASSETS
On demand accounts 3 139 2 171
Loans 4,408 103 3,784 85
Securities 732 - 769 -
Other assets 58 133 56 76
Financial investments of insurance activities - 4 1 3
TOTAL 5,201 379 4,612 335
LIABILITIES
On demand accounts 354 689 150 555
Other borrowings 87 1,781 53 2,084
Other liabilities 6 6 43 61
Technical reserves and other insurance liabilities - 70 - 2
TOTAL 447 2,546 246 2,702
FINANCING COMMITMENTS AND GUARANTEE COMMITMENTS
Financing commitments given 114 651 132 671
Guarantee commitments given 2,545 37 2,543 44
TOTAL 2,659 688 2,675 715
The Group also carries out trading transactions with related parties involving derivatives (swaps, options and forwards, etc.) and financial instruments purchased or underwritten and issued by them (equities, bonds, etc.).
