2018 Registration document and annual fi nancial report - BNP PARIBAS224

4 CONSOLIDATED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2018

4

Notes to the fi nancial statements

In millions of euros Country of registration Activity Interest (%) 31 December 2018 1 January 2018

Joint ventures

Bpost banque Belgium Retail Banking 50% 249 266

Union de Creditos Inmobiliarios Spain Retail mortgage 50% 239 251

Associates

AG Insurance Belgium Insurance 25% 1,647 1,687

Bank of Nanjing China Retail Banking 15% 1,372 1,483

5.n PROPERTY, PLANT, EQUIPMENT AND INTANGIBLE ASSETS USED IN OPERATIONS, INVESTMENT PROPERTY

In millions of euros

31 December 2018 IFRS 9 & IFRS 15

1 January 2018 IFRS 9 & IFRS 15

Gross value

Accumulated depreciation,

amortisation and impairment

Carrying amount Gross value

Accumulated depreciation,

amortisation and impairment

Carrying amount

INVESTMENT PROPERTY 1,031 (316) 715 1,213 (361) 852

Land and buildings 7,084 (2,061) 5,023 7,443 (2,074) 5,369

Equipment, furniture and fi xtures 7,130 (5,083) 2,047 6,947 (4,857) 2,090

Plant and equipment leased as lessor under operating leases 24,675 (6,805) 17,870 21,659 (5,870) 15,789

Other property, plant and equipment 2,086 (1,089) 997 1,961 (1,061) 900

PROPERTY, PLANT AND EQUIPMENT 40,975 (15,038) 25,937 38,010 (13,862) 24,148

PROPERTY, PLANT AND EQUIPMENT AND INVESTMENT PROPERTY 42,006 (15,354) 26,652 39,223 (14,223) 25,000

Purchased software 3,703 (2,724) 979 3,366 (2,510) 856

Internally-developed software 4,250 (3,236) 1,014 4,139 (3,189) 950

Other intangible assets 2,334 (544) 1,790 1,990 (469) 1,521

INTANGIBLE ASSETS 10,287 (6,504) 3,783 9,495 (6,168) 3,327

The carrying amount of the Group s investment in the main joint ventures and associates is presented in the following table:

Investment property

Land and buildings leased by the Group as lessor under operating leases are recorded in Investment property .

The estimated fair value of investment property accounted for at amortised cost at 31 December 2018 is EUR 800 million, compared with EUR 942 million at 1 January 2018.

Operating leases

Operating leases and investment property transactions are in certain cases subject to agreements providing for the following minimum future payments: