2018 REGISTRATION DOCUMENT AND ANNUAL FINANCIAL REPORT

2018 Registration document and annual fi nancial report - BNP PARIBAS 183

4CONSOLIDATED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2018

Notes to the fi nancial statements

The application of IFRS 15 mainly consisted in reviewing the accounting treatment applied to commission income and income from other activities. As far as the latter are concerned, the post-tax impact of IFRS 15 adoption on shareholders equity as at 1 January 2018 amounts to EUR -24 million. This impact is generated by:

■ a change in the timing of recognition of revenues derived from maintenance services offered by operating lease entities, previously recognised on a linear basis and now recognised to the extent of the costs incurred;

■ a change in the timing of recognition of revenues derived from real estate programmes, due to the land part of sale contracts in the future state of completion, when the control is transferred.

Income from these activities is recognised in the profi t and loss account within Income/expense from other activities .