2019 Universal registration document and annual financial report - BNP PARIBAS 247
4Consolidated finanCial statements for the year ended 31 deCemBer 2019
4
Notes to the financial statements
➤ RELATED-PARTY PROFIT AND LOSS ITEMS
In millions of euros
Year to 31 Dec. 2019 Year to 31 Dec. 2018
Joint ventures Associates Joint ventures Associates
Interest income 29 9 17 25
Interest expense (6) (9) (2) (10)
Commission income 151 279 188 271
Commission expense (12) (28) (15) (18)
Services provided 1 52 1 16
Services received (2) (7) -
Lease income 1 - 1
Net income from insurance activities (2) (6) (2) (1)
TOTAL 160 290 188 283
Group Entities managing certain post-employment benefit plans offered to Group employees
In Belgium, BNP Paribas Fortis funds a number of pension schemes managed by AG Insurance in which the BNP Paribas Group has a 25% equity interest.
In other countries, post-employment benefit plans are generally managed by independent fund managers or independent insurance companies, and occasionally by Group companies (in particular BNP Paribas Asset
Management, BNP Paribas Cardif and Bank of the West). In Switzerland, a dedicated foundation manages pension plans for BNP Paribas Suisse s employees.
At 31 December 2019, the value of plan assets managed by Group companies or by companies over which the Group exercises significant influence was EUR 4,156 million (EUR 3,853 million as at 31 December 2018). Amounts received by Group companies in the year to 31 December 2019 totalled EUR 4.6 million, and were mainly composed of management and custody fees (EUR 4.7 million in 2018).
