2005 Annual Report - Banque PSA Finance

NOTE 27 – OTHER REVENUE AND EXPENSE
CONSOLIDATED FINANCIAL STATEMENTS
Notes to the consolidated financial statements
“Other revenue and expense” replaces the caption “Fees and commissions” in the income statement.
(in millions of euros)31/12/2005 Dec. 31, 2005 Dec. 31, 2004
Fees and commissions on retail customer transactions (1) 54 47
Fees and commissions on other customer transactions 2 3
Fees and commissions on transactions with the dealer network (2) - -
Fees and commissions on services to retail customers (3) - -
Other (4) 6 1
Other revenue 62 51
Bank charges (5) (8) (7)
Provisions and gains and losses on sales of used vehicles, net (6) (17) (25)
Joint venture income attributable to partners (7) (3) (3)
Other (8) (5) (2)
Other expense (33) (37)
Other revenue and expense 29 14
(1) Interest and other revenue on assets at amortized cost now
includes loan set-up fees spread over the term of the contract.
In the IFRS financial statements for the year ended December 31,
2004, they were included in “Fees and commissions” in the
amount of €35 million (see note 25).
(2) As in other countries, interest paid by the Peugeot and Citroën
marques in the United Kingdom during the interest-free period
granted to the dealerships is now included under “Interest and
other revenue from wholesale financing activities”. In the IFRS
financial statements for the year ended December 31, 2004, they
were included in “Fees and commissions” in the amount of
€35 million (see note 25).
(3) Insurance brokerage fees are now included under “Revenues
from sales of services”. In the IFRS financial statements for the
year ended December 31, 2004, they were included under “Fees
and commissions” in the amount of €10 million.
(4) In the published IFRS financial statements for the year ended
December 31, 2004, “Other fees and commissions” were included
in “Margin on sales of services” in the amount of €1 million. They
are now included in “Other revenue and expense”.
NOTE 28 – INTEREST ON DEPOSITS FROM
CREDIT INSTITUTIONS
(5) Bank charges are now classified as “Other revenue and
expense”. In the IFRS financial statements for the year ended
December 31, 2004, they were included under “Debt issuing
costs”, a component of “Net refinancing cost”, in the amount
of €7 million.
(6) Provisions and gains and losses on sales of used vehicles are now
included under “Other revenue and expense”. In the IFRS financial
statements for the year ended December 31, 2004, they were
included under “Interest expense on customer transactions” in the
amount of €25 million (see note 26).
(7) Joint venture income attributable to partners is now included under
“Other revenue and expense”. In the IFRS financial statements for
the year ended December 31, 2004, it was included under
“Expenses on sales of services” in the amount of €3 million.
(8) “Other interest expense on customer transactions” is now included
under “Other revenue and expense”. In the IFRS financial
statements for the year ended December 31, 2004, it was included
under “Interest expense on customer transactions” in the amount
of €(2) million (see note 26).
(in millions of euros)31/12/2005 Dec. 31, 2005 Dec. 31, 2004
Interest expense on deposits from credit institutions (205) (188)
Total (1) (205) (188)
(1) In the published IFRS financial statements for the year ended December 31, 2004, “Premiums/discounts on foreign exchange transactions”
in the amount of €21 million were included in “Interest on deposits from credit institutions”. They are now included in “Interest on hedging
instruments”. This is simply a reclassification between two components of net refinancing cost.
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