Download the 2021 financial statements
Balance sheet
BALANCE SHEET in millions of euros |
31 December 2021 |
31 December 2020 |
31 December 2019 |
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ASSETS | |||
Cash in hand, balances with central banks, and post office banks (note 1) | 7,038.12 | 9,910.82 | 3,056.63 |
Treasury bills and other bills eligible for refinancing with central banks (note 1) | |||
Loans and advances to credit institutions (note 1) | |||
. repayable at sight | 0.09 | 0.09 | 0.03 |
. repayable at term | |||
Intangible assets (note 2) | |||
Tangible assets (note 2) | |||
Other assets (note 3) | 641.71 | 1,866.50 | 312.21 |
Prepayments and accrued income (note 4) | 4,051.94 | 2,067.64 | 2,703.07 |
TOTAL ASSETS | 11,731.86 | 13,845.05 | 6,071.94 |
LIABILITIES & RESERVES | |||
Amounts owed to credit institutions (note 5) | |||
. Payable at sight | |||
. Payable at term | 1,003.37 | 1,003.37 | 1,003.37 |
Debts evidenced by securities (note 6) | |||
. Negotiable debt instruments | 9,301.80 | 10,489.27 | 398.90 |
. Bonds and similar instruments | 114,053.90 | 92,545.62 | 91,646.61 |
. Other debts evidenced by securities | |||
Other liabilities (note 7) | 1,508.65 | 354.75 | 1,214.55 |
Accruals and deferred income (note 8) | 978.05 | 2,381.14 | 814.28 |
Sub-total - LIABILITIES
|
126,845.77 | 106,774.15 | 95,077.71 |
Provisions (note 8a) | 76.85 | 75.02 | 87.01 |
Property endowment
|
181.22 | 181.22 | 181.22 |
Retained earnings | (133,185.36) | (109,274.01) | (105,527.00) |
Profit for the period | 17,813.38 | 16,088.65 | 16,252.99 |
Sub-total-Reserves | (115,190.76) | (93,004.14) | (89,092.79) |
TOTAL LIABILITIES AND RESERVES | 11,731.86 | 13,845.05 | 6,071.94 |
Profit and loss account
Period ended (in millions of euros) |
31 December 2021 |
31 December |
31 December 2019 |
---|---|---|---|
Interest receivable and similar income (note 9) | 725.82 | 555.40 | 613.69 |
. From transactions with credit institutions | 85.79 | 78.86 | 28.28 |
. From bonds and other fixed income securities | |||
. Other interest receivable and similar income | 640.03 | 476.54 | 585.41 |
Interest payable and similar charges (note 10) | (1,848.76) | (2,067.08) | (2,067.54) |
.On transactions with credit institutions | (44.14) | (43.77) | (41.30) |
.On bonds and other fixed income securities | (1,804.62) | (2,023.31) | (2,566.24) |
Fees payable (note 10) | (42.50) | (27.01) | (7.97) |
Gains and losses on trading securities (Note11) | 0.01 | ||
-Net profit (loss)on foreign exchange transactions | 0.01 | ||
Gains and losses on management operations (Note11a) | |||
-Net profit (loss)on investment secrurities | |||
Exchange rate gains and losses on management operations (Note 11b) | |||
Other operating income -banking | 0.01 | 0.28 | |
Other operating charges -banking | (0.02) | (0.01) | (0.01) |
NET BANKING INCOME | (1,165.45) | (1,538.69) | (2,001.55) |
General operating charges (note 13) | (2.30) | (1.73) | (3.33) |
. Staff costs | (0.87) | (0.95) | (0.98) |
. Other administrative charges | (1.43) | (0.78) | (2.35) |
Depreciation and impairment provisions on intangible and tangible assets |
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Other operating income | 19,139.14 | 17,994.39 | 18,442.96 |
. Income relating to CRDS and CSG (note 12 and 12.1a) | 16,969.97 | 15,882.52 | 16,340.37 |
. Income relating to social levies on income on income from property and investments (Note12.2a) | (0.19) | (0.97) | (0.80) |
Income from the Retirement Reserve Fund (note12.3) (Fonds de Réserve pour les Retraites – FRR) |
2,100.00 | 2,100.00 | 2,100.00 |
. Income from property (note 13.a) | 0.13 | ||
. Provisions reversed for receivables (Notes 12a and 12.1a and 12.2a) |
65.96 | 9.87 | 0.09 |
. Other provisions reversed for receivables ( Note14a) | 3.40 | 2.97 | 3.17 |
Other operating charges | (158.01) | (365.35) | (185.10) |
. Charges relating to CRDS and CSG (note 12a and 12.1a) | (150.52) | (143.49) | (159.85) |
. Charges relating to social levies on income from property ans investments ( Note 12.2a) |
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. Payments to the State (note 14) | |||
. Provision for sundry liabilities (note 14) | (2.30) | ||
. Provision for receivables (note 12a,12.1a and 12.2a) | (7.49) | (221.86) | (22.95) |
. Charges related to property (note 13a) | |||
GROSS OPERATING PROFIT | 17,813.38 | 16,088.61 | 16,252.98 |
OPERATING PROFIT | 17,813.38 | 16,088.61 | 16,252.98 |
PROFIT ON ORDINARY ACTIVITIES BEFORE TAXATION | 17,813.38 | 16,088.61 | 16,252.98 |
- Exceptional income ( Note 15) | 0.04 | 0.01 | |
NET PROFIT FOR PERIOD | 17,813.38 | 16,088.65 | 16,252.99 |
Off balance sheet commitments
At (€ millions) (Notes 16 to 18) | 31 December 2021 | 31 December 2020 | 31 December 2019 |
---|---|---|---|
COMMITMENTS GIVEN (note 18) | |||
Financing commitments | |||
Payments to various social security bodies( Articles 4.IV of order 96-50 of 24 January 1996) | |||
-Assumption of debt provided for by Act No 2020-992 of 7 August 2020 on the social security debt and autonomy |
76,000.00 | 116 000.00 | |
Financing commitments given: acquired under repurchase agreements, currency purchases, treasury bills |
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COMMITMENTS RECEIVED (note 18) |
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Financing commitments | |||
-From credit institutions:credit lines | 1,200.00 | 1,200.00 | 1,200.00 |
-From credit institutions: credit lines in treasury bills | |||
-Financing commitments received: borrowings | |||
-Financing commitments received: commercial paper and lent under repurchase agreements |
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-Financing commitments received: payments from the Retirement Reserve Fund (Fonds de Réserve pour les Retraites) | 19,350.00 | 21,450.00 | 10,500.00 |