La banque d'un monde qui change 2004 - BNP Paribas

Consolidated FInancial statementsCost at Provisions at Additions Recoveries Other Provisions at Net book Net book31 Dec. 2004 1 Jan. 2004 to provisions of provisions provision 31 Dec. 2004 value at value atmovements 31 Dec. 2004 31 Dec. 200341,575 (45) - 1 29 (15) 41,560 30,9203,271 (752) (71) 224 (63) (662) 2,609 2,1603,994 (746) (119) 330 55 (480) 3,514 4,6121,761 1,761 1,63150,601 (1,543) (190) 555 21 (1,157) 49,444 39,323NOTE 11 (CONT’D)TANGIBLE AND INTANGIBLE ASSETS• Intangible assetsOther intangible assets include lease rights, goodwilland trade marks acquired by the Group, includingthe Consors trade mark acquired in 2002.• Operating assetsIn 1991 and 1992, as allowed by French regulations, BanqueNationale de Paris transferred its main operating real estateholdings to its subsidiary Compagnie Immobilière de France.The book value of the assets was increased by EUR 1,156million, and the corresponding capital gain was postedto consolidated shareholders’ equity under “Capital gains onrestructuring”, net of the related tax effect (note 22). In orderto reflect what appeared to be a lasting decline in the realestate market, in 1997 the book value of these real estateassets was written down by EUR 545 million. The adjustment,net of the related tax effect, was recorded in the balancesheet under “Capital gains on restructuring”, consistentlywith the initial adjustment.Depreciation and provisions on rental properties includea EUR 77 million provision booked in accordance withthe principle of prudence to cover unrealised losses onthe rental properties held by Compagnie Bancaire.• Non-operating assetsAt 31 December 2004, non-operating land and buildings,including assets leased under operating leases, amountedto EUR 3,844 million (EUR 3,454 million at 31 December2003 and EUR 3,122 million at 31 December 2002).The total includes shopping centres acquired for rental.• Depreciation, amortisation and provisionsThe charge for depreciation, amortisation and provisionsrecorded in 2004 amounted to EUR 755 million(EUR 758 million in 2003 and EUR 618 million in 2002).The operating assets held by Paribas and its subsidiariesat the time of the merger are stated at historical cost.233BNP PARIBAS - ANNUAL REPORT 2004