Investor Presentaiton
Corporate Centre - 2021
Revenues
Very strong increase at Principal Investments, rebounding from a low level in 2020
Capital gain realised on the sale of 4.99% of SBI Life: +€58m
Accounting impact of a swap set up for the transfer of an activity in 2020: +€86m
Reminder from 2020:
Accounting impact of a swap set up for the transfer of an activity in 4Q20: -€104m
Impact of a negative non-recurring item in 3Q20
Operating expenses
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Increase in taxes subject to IFRIC 211
Restructuring² and adaptation costs³: -€164m (-€211m in 2020)
IT reinforcement costs: -€128m (-€178m in 2020)
Reminder from 2020: donations and staff-safety measures relating to the public health crisis (-€132m)
Other non-operating items
Capital gains on the sale of buildings: +€486m (+€699m in 2020)
Capital gain on the sale of Allfunds shares: +€444m4 (+€371m in 2020)
Total impairments: -€74m
Reminder from 2020: Goodwill impairments (-€130m in 2020)
1. Booking in 1Q of almost the entire amount of taxes and contributions for the year, based on the application of IFRIC 21 "Taxes", including the estimated contribution to the Single Resolution Fund;
2. Related to the restructuring of certain businesses (in particular at CIB; 3. Related in particular to Wealth Management, BancWest and CIB;
4. Disposal of 8.69% stake in Allfunds in 2021; BNP Paribas still holds a 13.81% stake in Allfunds.
BNP PARIBAS
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2021 Full Year Results | 91View entire presentation