2018 Registration document and annual fi nancial report - BNP PARIBAS 259
4CONSOLIDATED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2018
4
Notes to the fi nancial statements
➤ RELATED-PARTY PROFIT AND LOSS ITEMS
In millions of euros
Year to 31 Dec. 2018 IFRS 9 & IFRS 15
Year to 31 Dec. 2017 IAS 39
Joint ventures Associates Joint ventures Associates
Interest income 17 25 14 33
Interest expense (2) (10) (1) (16)
Commission income 188 271 3 393
Commission expense (15) (18) (1) (13)
Services provided 1 16 1 17
Services received - - - (5)
Lease income 1 - - 1
Net income from insurance activities (2) (1) - -
TOTAL 188 283 16 410
Group entities managing certain post- employment benefit plans offered to Group employees
In Belgium, BNP Paribas Fortis funds a number of pension schemes managed by AG Insurance in which the BNP Paribas Group has a 25% equity interest.
In other countries, post-employment benefi t plans are generally managed by independent fund managers or independent insurance companies, and occasionally by Group companies (in particular BNP Paribas Asset
Management, BNP Paribas Cardif, Bank of the West and First Hawaiian Bank). In Switzerland, a dedicated foundation manages pension plans for BNP Paribas Suisse s employees.
At 31 December 2018, the value of plan assets managed by Group companies or by companies over which the Group exercises signifi cant infl uence was EUR 3,853 million (EUR 3,916 million as at 1 January 2018). Amounts received by Group companies in the year to 31 December 2018 totalled EUR 4,7 million, and were mainly composed of management and custody fees (EUR 4,5 million in 2017).
