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

PROFIT AND LOSS ACCOUNT OF BNP PARIBAS SAIn millions of euros 2004 2003 2002Interest income 16,739 16,348 20,341Interest expense (14,040) (13,690) (18,086)Net interest income 2,699 2,658 2,255Income on equities and other variable income 1,720 1,926 1,696Commission income 4,007 3,319 3,624Commission expense (1,257) (1,086) (872)Net commission income 2,750 2,233 2,752Net gains on sales of trading account securities 2,279 2,408 2,377Net gains on sales of securities available for sale 150 92 90Other banking income 226 269 329Other banking expenses (307) (364) (487)Net other banking income (expense) (81) (95) (158)Net banking income 9,517 9,222 9,012Operating expense:Personnel costs (3,764) (3,757) (3,627)Other administrative expenses (1,693) (1,639) (1,760)Total operating expense (5,457) (5,396) (5,387)Depreciation, amortisation and provisions on tangibleand intangible assets (437) (428) (325)Gross operating income 3,623 3,398 3,300Net additions to provisions for credit risks and country (166) (715) (820)Operating income 3,457 2,683 2,480Gains or losses on disposals of long-term investments 783 (70) 364Income before tax, non-recurring items andmovements in the reserve for general banking risks 4,240 2,613 2,844Net non-recurring expense (321) (416) (67)Corporate income tax (715) (12) 66Movements in the reserve for general banking risksand regulated provisions 78 174 (13)Net income 3,282 2,359 2,830272BNP PARIBAS - ANNUAL REPORT 2004