2018 Registration document and annual fi nancial report - BNP PARIBAS180

4 CONSOLIDATED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2018

4

Notes to the fi nancial statements

➤ PROFIT AND LOSS ACCOUNT

In millions of euros

Year ended 31 Dec. 2017

IAS 39 former

presentation

Reclassifi cation of income and expense from

insurance activities

Re-labelling of fi nancial

instruments item headings

Reclassifi cation of interest

income and expense

on trading instruments

Year ended 31 Dec. 2017

IAS 39 revised

presentation

Interest income 40,785 (3,485) (3,734) 33,566

Interest expense (19,011) 2,995 3,641 (12,375)

Commission income 13,231 (288) 12,943

Commission expense (5,777) 2,264 (3,513)

Net gains on fi nancial instruments at fair value through profi t or loss 5,733 (480) 93 5,346

Net gains on available-for-sale fi nancial assets and other fi nancial assets not measured at fair value 2,338 (572) (1,766)

of which net gains on available-for-sale fi nancial instruments 2,283 (572) (1,711)

of which net gains on loans and receivables and held-to-maturity fi nancial assets 55 (55)

Net gains on fi nancial instruments at fair value through equity 1,711 1,711

Net gains on derecognised amortised-cost fi nancial assets 55 55

Net income from insurance activities 3,813 3,813

Income from other activities 42,041 (30,344) 11,697

Expense on other activities (36,179) 26,097 (10,082)

REVENUES 43,161 - - - 43,161

Salary and employee benefi t expense (16,496) (16,496)

Other operating expenses (11,729) (11,729)

Depreciation, amortisation and impairment of property, plant and equipment and intangible assets (1,719) (1,719)

GROSS OPERATING INCOME 13,217 - - - 13,217

Cost of risk (2,907) (2,907)

OPERATING INCOME 10,310 - - - 10,310

Share of earnings of equity-method entities 713 713

Net gain on non-current assets 488 488

Goodwill (201) (201)

PRE-TAX INCOME 11,310 - - - 11,310

Corporate income tax (3,103) (3,103)

NET INCOME 8,207 - - - 8,207

Net income attributable to minority interests 448 448

NET INCOME ATTRIBUTABLE TO EQUITY HOLDERS 7,759 - - - 7,759

Income and expense from insurance activities have been reclassifi ed into Net income from insurance activities , which amounts to EUR 3,813 million, thus including:

■ gross written premiums and changes in unearned premiums from insurance contracts and investment contracts with discretionary participating features according to IFRS 4;

■ investments income, net of expense;

■ amortisation of deferred acquisition costs;

■ claims and benefi ts expenses;