RISULTATI AL 31 DICEMBRE 2007 - BNP Paribas

OTHER BUSINESSES*
RISULTATI AL 31 DICEMBRE 2007
4Q07 4Q06 3Q07 2007 2006
In millions of euros
Revenues 61 2 226 1,108 576
incl. BNP Paribas Capital 112 53 274 1,017 287
Operating Expenses and Dep. -116 -296 -53 -426 -550
Incl. BNL restructuring costs -37 -141 50 -71 -151
Gross Operating Income -55 -294 173 682 26
Provisions 9 -1 0 14 66
Operating Income -46 -295 173 696 92
Associated Companies 60 26 43 252 193
Other Non Operating Items -10 147 -5 -40 119
Pre-Tax Income 4 -122 211 908 404
* Including Klépierre
BNP Paribas Capital
Substantial capital gains realised in 2007, in particular disposals of Vivarte (1Q07), Saur
(2Q07), Bouygues Télécom (3Q07)
Unrealised capital gains as at 31 December 2007: €1.7bn vs. €2.2bn as at 31 December
2006
Restructuring costs related to the integration of BNL
Including one-off savings (€74mn) due to a change in the Italian accounting rule for
severance costs (TFR), booked as a deduction of BNL’s restructuring costs in 3Q07
Klépierre
4Q07 4Q06 4Q07 / 3Q07 4Q07 / 2007 2006 2007 /
In millions of euros 4Q06 3Q07 2006
Revenues 100 124 -19.4% 81 +23.5% 383 343 +11.7%
Operating Expenses and Dep. -27 -27 +0.0% -23 +17.4% -99 -94 +5.3%
Gross Operating Income 73 97 -24.7% 58 +25.9% 284 249 +14.1%
Provisions -2 -3 -33.3% -1 n.s. -4 -3 +33.3%
Operating Income 71 94 -24.5% 57 +24.6% 280 246 +13.8%
Non Operating Items 0 1 n.s. 1 n.s. 2 1 +100.0%
Pre-Tax Income 71 95 -25.3% 58 +22.4% 282 247 +14.2%
Cost/Income 27.0% 21.8% +5.2 pt 28.4% -1.4 pt 25.8% 27.4% -1.6 pt
Allocated Equity (Ebn) 1.3 1.1 +16.9%
Pre-Tax ROE 22% 23% -1 pt
Revenues growth: +11.7%/2006
Pursued growth in shopping malls with €950mn in investments, of which €591mn generated
rents starting in 2007
Increased rents +15.5%, of which 5.6% at constant scope and exchange rates
Substantial capital gains on property sales primarily in 1H07
Book value*: €41.1 per share (+26.6%/31.12.2006)
Or €2,855mn group share
* Transfer duties included
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