New Business Organisation
BNP PARIBAS
BNL 9M06
As published
in Italy
P&L Reclassifications Explained
Group
contribution
incl 1Q06 proforma
Revenues
2,305
3
2,233
Costs
(1,599)
4
(1,400)
Gross Op. Income
706
833
2
Cost of risk
(485)
LO
5
(245)
Reclassifications
Operating Income
221
588
Net Pre-Tax
225
579
Purchase
Accounting
in €mn
1 (99mn) transferred from costs to cost of risk corresponding to provisions for credit
related litigations
2
+ 41mn provisions time value for money reducing cost of risk under Italian practices;
increasing revenues under BNP Paribas practices
3 - 112mn as contribution does not include the results on BNL's AFS and trading
portfolios revalued on purchase accounting
4
5
( 108mn) one-off costs in BNL published accounts corresponding to BNP Paribas
balance sheet adjustments (depreciations, employee benefits)
( 378mn) one-off provisions in BNL published accounts corresponding to
BNP Paribas balance sheet adjustments
BNL
Grupp BNP PARIBAS
Strategy in Italy
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