Investor Presentaiton
LA
CORPORATE CENTRE
BANQUE
POSTALE
FINANCIAL RESULTS
(€m)
Net banking income
Operating expenses
Gross operating profit
Cost of risk
H1 2020
H1 2021
175
(454)
(81)
(212)
94
(666)
(17)
Operating profit
77
(666)
Changes in goodwill
2,999
(and gains/losses on other assets)
Share of profits of equity-accounted companies
594
Pre-tax profit
3,670
(666)
Attributable net profit
3,690
(336)
Investor presentation / December 2021
0
First-time consolidation entries in 2020: €3,593m
favourable impact on goodwill/gains and losses on other
assets
Reversals of purchase price allocations(1): €157m
unfavourable impact on attributable net profit, including
unfavourable impacts of €305m on net banking income
and €104m on general operating expenses, partly offset
by favourable impacts on tax and non-controlling interests
Single Resolution Fund (SRF)/Fonds de Garantie des
Dépôts et de Résolution (FGDR) contributions of €61m in
2020 and €89m in 2021, included in general operating
expenses
ALM: methodological review in 2020
Other
(1) Adjustment of goodwill based on the purchase price allocation (remeasurement of CNP Assurances assets and liabilities at their acquisition-date fair
value and amortisation of the adjustments over the useful lives of the acquired assets and liabilities).
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