RISULTATI AL 31 DICEMBRE 2007 - BNP Paribas

RISULTATI AL 31 DICEMBRE 2007OTHER BUSINESSES*4Q07 4Q06 3Q07 2007 2006In millions of eurosRevenues 61 2 226 1,108 576incl. BNP Paribas Capital 112 53 274 1,017 287Operating Expenses and Dep. -116 -296 -53 -426 -550Incl. BNL restructuring costs -37 -141 50 -71 -151Gross Operating Income -55 -294 173 682 26Provisions 9 -1 0 14 66Operating Income -46 -295 173 696 92Associated Companies 60 26 43 252 193Other Non Operating Items -10 147 -5 -40 119Pre-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 December2006 Restructuring costs related to the integration of BNL• Including one-off savings (€74mn) due to a change in the Italian accounting rule forseverance costs (TFR), booked as a deduction of BNL’s restructuring costs in 3Q07Klépierre4Q07 4Q06 4Q07 / 3Q07 4Q07 / 2007 2006 2007 /In millions of euros 4Q06 3Q07 2006Revenues 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 ptAllocated 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 generatedrents 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 included38