2018 Registration document and annual fi nancial report - BNP PARIBAS 191
4CONSOLIDATED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2018
4
Notes to the fi nancial statements
In millions of euros Year to 31 Dec. 2018 Year to 31 Dec. 2017
Premiums earned 27,026 24,964
Net gain from investment contracts with discretionary participation feature and other services 29 19
Net income/(expense) from fi nancial investments (2,133) 9,031
Technical charges related to contracts (18,487) (28,130)
Net charges from ceded reinsurance (267) (57)
Policy benefi t expenses (2,104) (2,014)
NET INCOME FROM INSURANCE ACTIVITIES 4,064 3,813
In millions of euros Year to 31 Dec. 2018 Year to 31 Dec. 2017
Net gain on available-for-sale fi nancial assets 3,501 3,656
Interest income and dividends 3,109 3,299
Additions to impairment provisions (33) (39)
Net disposal gains 425 396
Net gain on fi nancial instruments at fair value through profi t or loss (6,002) 4,998
Net gain on fi nancial instruments at amortised cost 213 328
Investment property income/expense 155 135
Share of earnings of equity-method investments 7 -
Other income/expense (7) (86)
NET INCOME/(EXPENSE) FROM FINANCIAL INVESTMENTS (2,133) 9,031
In millions of euros
Year to 31 Dec. 2018 IFRS 9 & IFRS 15
Year to 31 Dec. 2017 IAS 39
Income Expense Net Income Expense Net
Net income from investment property 165 (69) 96 126 (41) 85
Net income from assets held under operating leases 9,845 (8,406) 1,439 8,823 (7,472) 1,351
Net income from property development activities 898 (676) 222 976 (827) 149
Other net income 1,416 (1,108) 308 1,772 (1,742) 30
TOTAL NET INCOME FROM OTHER ACTIVITIES 12,324 (10,259) 2,065 11,697 (10,082) 1,615
In millions of euros Year to 31 Dec. 2018
IFRS 9 & IFRS 15 Year to 31 Dec. 2017
IAS 39
External services and other operating expenses (10,498) (10,017)
Taxes and contributions(1) (1,792) (1,712)
TOTAL OTHER OPERATING EXPENSES (12,290) (11,729)
(1) Contributions to European resolution funds, including exceptional contributions, amount to EUR 607 million for the year ended 31 December 2018 compared with EUR 502 million for the year ended 31 December 2017.
3.g OTHER OPERATING EXPENSES
3.f NET INCOME FROM OTHER A CTIVITIES
3.e NET INCOME FROM INSURANCE ACTIVITIES
