2018 Registration document and annual fi nancial report - BNP PARIBAS 223

4CONSOLIDATED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2018

4

Notes to the fi nancial statements

In order to determine the amount of the tax loss carryforwards recognised as assets, the Group conducts every year a specifi c review for each relevant entity based on the applicable tax regime, notably incorporating any time limit rules, and a realistic projection of their future revenue and charges in line with their business plan.

Deferred tax assets recognised on tax loss carryforwards are mainly related to BNP Paribas Fortis for EUR 955 million, with a 6-year expected recovery period (unlimited carryforward period).

Unrecognised deferred tax assets totalled EUR 1,324 million at 31 December 2018, compared with EUR 1,205 million at 1 January 2018.

5.m EQUITY-METHOD INVESTMENTS Cumulated fi nancial information of associates and joint ventures is presented in the following table:

In millions of euros

Year to 31 Dec. 2018

31 December 2018

IFRS 9 & IFRS 15 Year to 31 Dec. 2017 1 January 2018 IFRS 9 & IFRS 15

Share of net income

Share of changes in assets and

liabilities recognised

directly in equity

Share of net income and

changes in assets and liabilities

recognised directly in equity

Equity-method investments

Share of net income

Share of changes in assets and

liabilities recognised

directly in equity

Share of net income and changes in assets and

liabilities recognised

directly in equity Equity-method

investments

Joint ventures 63 (74) (11) 804 48 (57) (9) 893

Associates(1) 565 (62) 503 4,968 665 (292) 373 5,328

TOTAL EQUITY- METHOD ENTITIES 628 (136) 492 5,772 713 (349) 364 6,221

(1) Including controlled but non material entities consolidated under the equity method.

Financing and guarantee commitments given by the Group to joint ventures are listed in the note 8.h Other related parties.

5.l ACCRUED INCOME/EXPENSE AND OTHER ASSETS/LIABILITIES

In millions of euros 31 December 2018

IFRS 9 & IFRS 15 1 January 2018

IFRS 9 & IFRS 15

Guarantee deposits and bank guarantees paid 64,988 56,452

Collection accounts 369 654

Accrued income and prepaid expenses 7,355 6,179

Other debtors and miscellaneous assets 30,634 29,676

TOTAL ACCRUED INCOME AND OTHER ASSETS 103,346 92,961

Guarantee deposits received 48,308 38,918

Collection accounts 2,820 717

Accrued expense and deferred income 10,122 9,195

Other creditors and miscellaneous liabilities 28,312 31,642

TOTAL ACCRUED EXPENSE AND OTHER LIABILITIES 89,562 80,472