2018 Registration document and annual fi nancial report - BNP PARIBAS226
4 CONSOLIDATED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2018
4
Notes to the fi nancial statements
In millions of euros
Carrying amount Impairment recognised
during the period Acquisitions during the period
31 December 2018 IFRS 9 & IFRS 15
1 January 2018 IFRS 9 & IFRS 15
Year to 31 Dec. 2018
IFRS 9 & IFRS 15
Year to 31 Dec. 2017
IAS 39
Year to 31 Dec. 2018
IFRS 9 & IFRS 15
Year to 31 Dec. 2017
IAS 39
Retail Banking & Services 7,348 8,472 (30) (208) 69 292
Domestic Markets 1,428 1,415 - - 17 160
Arval 503 503
Leasing Solutions 151 135 17
New Digital Businesses 159 159 159
Personal Investors 609 612 1
Others 6 6
International Financial Services 5,920 7,057 (30) (208) 52 132
Asset Management 185 167 15
Insurance 352 352 57
BancWest 3,008 4,147
Personal Finance 1,303 1,329 36
Personal Finance partnership tested individually 318 348 (30) (36)
Real Estate 404 406 (2) 39
Turk Ekonomi Bankasi A.S (172)
Wealth Management 313 272 39
Others 37 36
Corporate & Institutional Banking 1,136 1,096 - - 30 -
Corporate Banking 276 274
Global Markets 418 407
Securities Services 442 415 30
Other Activities 3 3 - - - -
TOTAL GOODWILL 8,487 9,571 (30) (208) 99 292
Negative goodwill 83 7
CHANGE IN VALUE OF GOODWILL RECOGNISED IN THE PROFIT AND LOSS ACCOUNT 53 (201)
As at 30 June 2018, the Group considered the loss of control of First Hawaiian Inc within one year to be highly probable and applied the provisions of IFRS 5 on groups of assets and liabilities held for sale. The application of IFRS 5 had the effect of splitting the BancWest homogeneous group of businesses and, as a result, the related goodwill between Bank of the West and FHI (see note 8.c).
The homogeneous groups of businesses to which goodwill is allocated are:
Arval: Specialist in vehicle long-term leasing, Arval offers corporates (from multinational companies to small business clients) tailored solutions that optimise their employees mobility and outsource the risks associated with fl eet management. Recently, clientele was expanded to include individuals.
Leasing Solutions: BNP Paribas Leasing Solutions uses a multi-channel partnership approach (sales via referrals, partnerships, direct sales and banking networks) to offer corporate and small business clients an array of leasing and rental solutions, ranging from equipment fi nancing to fl eet outsourcing.
New digital businesses: they include in particular the account management service Nickel , open to all, without any conditions regarding income, deposits or personal wealth, and without any overdraft or credit facility. This service, which operates in real time using the latest technology, is available through over 4,000 tobacconists.
Personal Investors: BNP Paribas Personal Investors is a digital specialist of banking and investment services. Mainly based in Germany, Austria, Spain and India, it provides a wide range of banking, savings and long and short term investment services to individual clients via the internet, and
Goodwill by cash-generating unit is as follows:
