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Balance sheet

BALANCE SHEET
in millions of euros
30 June 2019 30 June 2018 31 December
2018
       
ASSETS      
Cash in hand, balaces with central banks, and post office banks (note 1) 5,862.82 1,685.84 2,263.29
Treasury bills and other bills eligible for refinancing with central banks (note 1)      
Loans and advances to credit institutions (note 1)      
. repayable at sight 0.05 0.02 0.21
. repayable at term      
Intangible assets (note 2)      
Tangible assets (note 2)   0.05  
Tangible assets (note 13bis)      
Other assets (note 3) 407.03 604.14 450.32
Prepayments and accrued income (note 4) 2,571.47 2,136.55 2,364.06
       
TOTAL ASSETS 8,841.37 4,426.60 5,077.88
       
LIABILITIES & RESERVES      
       
Amounts owed to credit institutions (note 5)      
. repayable at sight      
. repayable at term 1,017.45 1,017.45 1,003.37
Debts evidenced by securities (note 6)      
. Negotiable debt instruments 705.12 6,349.97 265.17
. Bonds and similar instruments 101,817.06 108,099.36 107,694.03
. Other debts evidenced by securities      
Other liabilities (note 7) 1,042.79 666.81 447.61
Accruals and deferred income (note 8) 1,811.79 2,057.70 933.32
Sub-total - LIABILITIES
106,394.21 118,191.30 110,343.49
Provisions (note 8a) 80.18 113.26 80.17
Property endowment
181.22 181.22 181.22
Retained earnings (105,527.00) (120,970.77) (120,970.77)
Profit for the period 7,712.76 6,911.57 15,443.77
Sub-total-Reserves (97,633.02) (113,877.97) (105,345.78)
       
TOTAL LIABILITIES ANS RESERVES 8,841.37 4,426.60 5,077.88

 

 

Profit ans loss account

Period ended
(in millions of euros)
30 June
2019

30 June
2018

31 December
2018
Interest receivable and similar income (note 9) 310.87 493.48 874.54
. From transactions with credit institutions 12.15 134.21 188.81
. From bonds and other fixed income securities      
. Other interest receivable and similar income 298.72 359.27 685.73
       
Interest payable and similar charges (note 10) (1,353.97) (1,585.41) (3,058.41)
.On transactions with credit institutions (20.40) (23.14) (44.34)
.On bonds and other fixed income securities (1,333.57) (1,562.27) (3,014.07)
       
Fees payable (note 10) (7.43) (15.23) (22.78)
Other operating income - banking 0.28    
Other operatiing charges - banking (0.01) (0.01)  (0.02) 
NET BANKING INCOME (1,056.26) (1,107.17) (2,206.67)
       
       
       
       
       
       
       
       
       
General operating charges (note 13) (1.26) (1.39) (2.91)
. Staff costs (0.58) (0.63) (1.08)
. Other administrative expenses (0.68) (0.76) (1.83)
       
Depreciation and impairment provisions -(intangible and tangible and tangible assets )
  (0.01) (0.01)
       
Other operating income 8,812.38 8,056.02 17,816.86
. Income related to CRDS and CSG (note 12 and 12.1a) 7,762.25 7,006.02 15,631.70
. Income related to social levies on income     (1.90)
Income from Retirement Reserve Fund
(Fonds de Réserve pour les Retraites – FRR)
1,050.00 1,050.00 2,100.00
. Income from property (note 13.a) 0.13   0.14
. Provisions reversed for receivables (Notes
12a and 12.1a)
    79.50
. Other provisions reversed for receivables     7.41
Other operating charges (48.10) (35.88) (163.47)
. Charges related to CRDS and CSG (note 12a and 12.1a) (48.10) (35.87) (155.10)
. Charges relating to social levies on income
from property ans investments ( Note 12.2a)
    0.01
. Payments to the State (note 14)      
. Provision for receivables (note 12
and 12.a)
     
. Provision for sundry liabilities (note 14)       (1.57) 
. Provision for recievables (note 12,12a,12.1a and 12.2a)     (6.79)
. Charges related to property (note 13a)   (0.01)     (0.02) 
GROSS OPERATING PROFIT 7,712.76 6,911.57 15,443.80
OPERATING PROFIT 7,712.76 6,911.57 15,443.80
       
PROFIT ON ORDINARY ACTIVITIES BEFORE TAXATION 7,712.76 6,911.57 15,443.80
- Exceptional income ( Note 15)     (0.03)
NET PROFIT FOR PERIOD 7,712.76 6,911.57 15,443.77

 

Off balance sheet commitments

At (€ millions) (Notes 16 to 18) 31 June 2019 30 June 2018 31 December 2018
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 the 2019
Social Security Finance Act
15,000.00   15,000.00
Financing commitments given: acquired under
repurchase agreements, currency purchases, treasury
bills
     
COMMITMENTS RECEIVED (note 18)
     
Financing commitments      
-From credit institutions:credit lines 1,000.00 700.00 700.00
-From credit institutions: credit lines in treasury bills      
-Financing commitments received: borrowings 500.00    
-Financing commitments received: commercial paper
and lent under repurchase agreements
  855,13  
-Financing commitments received: payments from the Retirement Reserve Fund (Fonds de Réserve pour les Retraites) 10,500.00 12,600.00 12,600.00