Download the 2021semi-annual financial statements

Balance sheet

BALANCE SHEET
in millions of euros
30 June
2021
30 June
2020
31 December
2020
       
ASSETS      
Cash in hand, balances with central banks, and post office banks (note 1) 20,902.22 20,735.62 9,910.82
Treasury bills and other bills eligible for refinancing with central banks (note 1)      
Loans and advances to credit institutions (note 1)      
. repayable at sight 0.12 0.01 0.09
. repayable at term      
Intangible assets (note 2)      
Tangible assets (note 2)      
Other assets (note 3) 1 030.90 846.00 1 866.50
Prepayments and accrued income (note 4) 2,360.46 2,259.93 2,067.64
       
TOTAL ASSETS 24,293.70 23,841.56 13,845.05
       
LIABILITIES & RESERVES      
       
Amounts owed to credit institutions (note 5)      
. Payable at sight      
. Payable at term 1,017.44 1,017.49 1,003.37
Debts evidenced by securities (note 6)      
. Negotiable debt instruments 12,058.36 12,881.64 10,489.27
. Bonds and similar instruments 112,969.05 88,469.37 92,545.62
. Other debts evidenced by securities      
Other liabilities (note 7 and 7a) 20,815.86 1,307.07 354.75
Accruals and deferred income (note 8) 2,130.65 1,941.80 2,381.14
Sub-total - LIABILITIES
148,991.36 105,617.37 106,774.15
Provisions (note 8a) 75.03 87.03 75.02
Property endowment
181.22 181.22 181.22
Retained earnings (133,185.36) (89,274.01) (109,274.01)
Profit for the period 8,231.45 7,229.95 16,088.65
Sub-total-Reserves (124,772.69) (81,862.84) (93,004.14)
       
TOTAL LIABILITIES AND RESERVES 24,293.70 23,841.56 13,845.05

 

 

Profit ans loss account

Period ended
(in millions of euros)
30 June
2021

30 June
2020

31 December
2020
Interest receivable and similar income (note 9) 345.12 280.22 555.40
. From transactions with credit institutions 41.40 31.62 78.86
. From bonds and other fixed income securities      
. Other interest receivable and similar income 303.72 248.60 476.54
       
Interest payable and similar charges (note 10) (993.63) (1,084.30) (2,067.08)
.On transactions with credit institutions (22.90) (20.88) (43.77)
.On bonds and other fixed income securities (970.73) (1,063.42) (2,023.31)
Fees payable (note 10) (30.73)  (3.02)  (27.01) 
Gains cand losses on trading securities (Note11)      
-Net profit (loss)on exchange transactions      
Gains cand losses on management operations (Note11a)      
-Net profit (loss)on investisment secruities      
Exchange rate gains and losses on management operations (Note 11b)      
Other operating income -banking     0.01
Other operating charges -banking (0.01) (0.01) (0.01)
NET BANKING INCOME (679.25) (807.11) (1,538.69)
General operating charges (note 13) (1.26) (1.04) (1.73)
. Staff costs (0.51) (0.59) (0.95)
. Other administrative expenses (0.75) (0.45) (0.78)
       
Depreciation and impairment provisions on intangible and tangible assets
     
       
Other operating income 8,959.56 8,338.80 17,994.39
. Income relating to CRDS and CSG (note 12 and 12.1a) 7,909.56 7,288.80 15,882.52
. Income relating to social levies on income on income from property and investments (Note12.2a)     (0.97)
Income from the Retirement Reserve Fund (note12.3)
(Fonds de Réserve pour les Retraites – FRR)
1,050.00 1,050.00 2,100.00
. Income from property (note 13.a)      
. Provisions reversed for receivables (Notes
12a and 12.1a and 12.2a)
    9.87
. Other provisions reversed for receivables ( Note14a)     2.97
Other operating charges (47.60) (300.70) (365.35)
. Charges relating to CRDS and CSG (note 12a and 12.1a) (47.60) (45.23) (143.49)
. Charges relating to social levies on income
from property ans investments ( Note 12.2a)
     
. Payments to the State (note 14)      
. Provision for sundry liabilities (note 14)      
. Provision for receivables (note 12a,12.1a and 12.2a)   (255.47) (221.86)
. Charges related to property (note 13a)      
GROSS OPERATING PROFIT 8,231.45 7,229.95 16,088.61
OPERATING PROFIT 8,231.45 7,229.95 16,088.61
       
PROFIT ON ORDINARY ACTIVITIES BEFORE TAXATION 8,231.45 7,229.95 16,088.61
- Exceptional income ( Note 15)     (0.04)
NET PROFIT FOR PERIOD 8,231.45 7,229.95 16,088.65

 

Off balance sheet commitments

At (€ millions) (Notes 16 to 18) 30 June 2021 30 June 2020 31 December 2020
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
     
COMMITMENTS RECEIVED (note 18)
     
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
     
-Financing commitments received: payments from the Retirement Reserve Fund (Fonds de Réserve pour les Retraites) 19,350.00 8,400.00 21,450.00