BRD - Groupe Société Générale S.A.
CONSOLIDATED AND SEPARATE FINANCIAL STATEMENTS
Prepared in Accordance with
International Financial Reporting Standards as adopted by the European Union DECEMBER 31, 2022
BRD - Groupe Société Générale S.A.
CONSOLIDATED AND SEPARATE STATEMENT OF FINANCIAL POSITION
for the period ended December 31, 2022
(Amounts in thousands RON)
Group | Bank | ||||
Note | December 31, | December 31, | December 31, | December 31, | |
2022 | 2021 | 2022 | 2021 | ||
ASSETS | |||||
Cash and due from Central Bank | 5, 36 | 7,625,002 | 6,206,356 | 7,624,933 | 6,206,323 |
Due from banks | 6 | 7,220,963 | 4,537,941 | 7,204,987 | 4,521,357 |
Derivatives and other financial instruments held for trading | 7 | 2,343,377 | 2,274,924 | 2,337,311 | 2,274,924 |
Financial assets at fair value through profit and loss | 8 | 14,262 | 6,947 | 8,132 | 6,947 |
Financial assets at fair value through other comprehensive income | 9 | 13,439,596 | 19,863,825 | 13,439,596 | 19,863,825 |
Financial assets at amortised cost | 10 | 39,019,048 | 32,913,875 | 38,272,985 | 32,183,856 |
Loans and advances to customers | 10.1 | 36,288,342 | 32,913,875 | 35,542,279 | 32,183,856 |
Treasury bills at amortised cost | 10.2 | 2,730,706 | - | 2,730,706 | - |
Finance lease receivables | 11 | 1,407,394 | 1,222,595 | - | - |
Investments in subsidiaries, associates and joint ventures | 12 | 113,670 | 107,205 | 129,964 | 158,916 |
Property, plant and equipment | 13 | 1,063,863 | 1,072,099 | 1,046,443 | 1,051,254 |
Investment property | 13 | 15,503 | 16,312 | 15,503 | 16,312 |
Goodwill | 14 | 50,130 | 50,130 | 50,130 | 50,130 |
Intangible assets | 15 | 407,487 | 321,063 | 405,667 | 319,656 |
Current tax asset | 24 | 23,563 | 7,484 | 23,563 | 7,484 |
Deferred tax asset | 24 | 496,034 | 180,089 | 478,893 | 166,173 |
Other assets | 16 | 590,963 | 271,256 | 473,958 | 176,910 |
Non-current assets held for sale | 10,912 | 11,196 | 10,912 | 11,196 | |
Total assets | 73,841,767 | 69,063,297 | 71,522,977 | 67,015,263 |
LIABILITIES AND SHAREHOLDERS' EQUITY
Due to banks | 17 |
Derivatives and other financial instruments held for trading | 7 |
Due to customers | 18 |
Borrowed funds | 19 |
Subordinated debts | 20 |
Current tax liability | 24 |
Provisions | 21 |
Other liabilities | 22 |
Total liabilities | |
Share capital | 23 |
Other reserves
Retained earnings and capital reserves
Non-controlling interest
Total equity
Total liabilities and equity
636,888 | 156,810 | 636,888 | 156,810 |
1,443,546 | 498,651 | 1,443,546 | 498,651 |
56,660,841 | 52,683,581 | 56,915,740 | 52,917,886 |
5,625,488 | 4,056,470 | 3,567,262 | 2,230,572 |
1,238,651 | 495,022 | 1,238,651 | 495,022 |
5,595 | 83,963 | - | 79,979 |
393,452 | 383,185 | 380,172 | 374,745 |
877,540 | 826,710 | 763,682 | 722,260 |
66,882,001 | 59,184,392 | 64,945,941 | 57,475,925 |
2,515,622 | 2,515,622 | 2,515,622 | 2,515,622 |
(2,054,109) | (385,380) | (2,054,109) | (385,380) |
6,439,441 | 7,690,955 | 6,115,523 | 7,409,096 |
58,812 | 57,708 | - | - |
6,959,766 | 9,878,905 | 6,577,036 | 9,539,338 |
73,841,767 | 69,063,297 | 71,522,977 | 67,015,263 |
The financial statements have been authorized by the Group's management on March 15, 2023 and are signed on the Group's behalf by:
Giovanni Luca Soma | François Bloch | |
Chairman of the Board of | Chief Executive Officer | |
Directors | ||
Etienne Loulergue | ||
Deputy Chief Executive Officer |
The accompanying notes are an integral part of this financial statements
1
BRD - Groupe Société Générale S.A.
CONSOLIDATED AND SEPARATE PROFIT OR LOSS
for the period ended December 31, 2022 (Amounts in thousands RON)
Group | Bank | ||||
Note | 2022 | 2021 | 2022 | 2021 | |
Interest and similar income | 25 | 2,941,286 | 2,234,229 | 2,790,043 | 2,085,527 |
Interest and similar expense | 26 | (570,852) | (150,042) | (550,845) | (132,419) |
Net interest income | 2,370,434 | 2,084,187 | 2,239,198 | 1,953,108 | |
Fees and commission income | 27 | 1,123,056 | 1,064,987 | 1,079,100 | 1,018,273 |
Fees and commission expense | 27 | (368,727) | (320,760) | (359,906) | (312,230) |
Fees and commissions, net | 754,329 | 744,227 | 719,194 | 706,043 | |
Gain on derivative, other financial instruments held for trading and foreign exchange | 28 | 316,229 | 245,298 | 313,165 | 244,316 |
Gain from financial instruments at fair value through other comprehensive income | 2,415 | 11,960 | 2,415 | 11,960 | |
Gain from financial instruments at fair value through profit and loss | 2,541 | 7,747 | 2,554 | 7,411 | |
Net (loss)/Income from associates and joint ventures | 5,344 | 11,441 | (30,075) | 3,349 | |
Other income/(expense) from banking activities | 29 | 7,931 | (7,723) | 42,412 | 3,700 |
Net banking income | |||||
3,459,223 | 3,097,137 | 3,288,863 | 2,929,887 | ||
Personnel expenses | 31 | (898,901) | (828,692) | (839,169) | (765,270) |
Depreciation, amortisation and impairment on tangible and intangible assets | 32 | (228,889) | (238,946) | (223,599) | (230,458) |
Contribution to Guarantee Scheme and Resolution Fund | 30 | (69,171) | (49,384) | (69,171) | (49,384) |
Other operating expenses | 33 | (547,641) | (480,008) | (508,946) | (448,944) |
Total operating expenses | |||||
(1,744,602) | (1,597,030) | (1,640,885) | (1,494,056) | ||
Gross operating profit | 1,714,621 | 1,500,107 | 1,647,978 | 1,435,831 | |
Cost of risk | 34 | (95,106) | 145,656 | (92,699) | 159,233 |
Operating profit | 1,619,515 | 1,645,763 | 1,555,279 | 1,595,064 | |
Profit before income tax | 1,619,515 | 1,645,763 | 1,555,279 | 1,595,064 | |
Current tax expense | 24 | (280,610) | (313,574) | (264,300) | (298,892) |
Deferred tax income/(expense) | (1,817) | (13,286) | (5,041) | (16,916) | |
Total income tax | (282,427) | (326,860) | (269,341) | (315,808) | |
Profit for the period | 1,337,088 | 1,318,903 | 1,285,938 | 1,279,256 | |
Profit attributable to equity holders of the parent | 1,328,008 | 1,309,686 | - | - | |
Profit attributable to non-controlling interests | 9,080 | 9,217 | - | - | |
Basic earnings per share (in RON) | 35 | 1.9056 | 1.8793 | 1.8452 | 1.8356 |
The accompanying notes are an integral part of this financial statements
2
BRD - Groupe Société Générale S.A.
CONSOLIDATED AND SEPARATE STATEMENT OF COMPREHENSIVE INCOME
for the period ended December 31, 2022
(Amounts in thousands RON)
Group | Bank | |||||
Note | December 31, | December 31, | December 31, | December 31, | ||
2022 | 2021 | 2022 | 2021 | |||
Profit for the period | 1,337,088 | 1,318,903 | 1,285,938 | 1,279,256 | ||
Other comprehensive income | ||||||
Net comprehensive income that may be reclassified to profit and loss in subsequent | (1,682,642) | (1,190,632) | (1,682,643) | (1,190,632) | ||
periods | ||||||
Net gain/(loss) on financial assets at fair value through other comprehensive income | (1,682,642) | (1,190,632) | (1,682,643) | (1,190,632) | ||
Reclassifications to profit and loss during the period | 2,884 | 11,596 | 2,884 | 11,596 | ||
Revaluation differences | (2,005,937) | (1,429,085) | (2,005,937) | (1,429,085) | ||
Income tax | 320,411 | 226,856 | 320,411 | 226,856 | ||
Net comprehensive income not to be reclassified to profit and loss in subsequent | 13,913 | 810 | 13,913 | 810 | ||
periods | ||||||
Gain / (Loss) on defined pension plan | 22 | 16,563 | 965 | 16,563 | 965 | |
Income tax relating to defined pension plan | 18 | (2,650) | (154) | (2,650) | (154) | |
Other comprehensive income for the period, net of tax | (1,668,729) | (1,189,822) | (1,668,729) | (1,189,822) | ||
Total comprehensive income for the period, net of tax | ||||||
(331,641) | 129,081 | (382,791) | 89,434 | |||
Attributable to: | ||||||
Equity holders of the parent | (340,721) | 119,864 | - | |||
Non-controlling interest | 9,080 | 9,217 | - |
The accompanying notes are an integral part of this financial statements
3
BRD - Groupe Société Générale S.A.
CONSOLIDATED AND SEPARATE STATEMENT OF CHANGES IN EQUITY
for the period ended December 31, 2022
(Amounts in thousands RON)
Group
Attributable to equity holders of the parent
Other reserves | ||||||
Reserves from financial | Reserves from | Non-controlling | Total equity | |||
assets at fair value | Retained earnings | interest | ||||
Issued capital | defined pension | |||||
through other | and capital reserves | |||||
plan | ||||||
comprehensive income | ||||||
December 31, 2020 | 2,515,622 | 789,030 | 15,412 | 6,403,510 | 48,491 | 9,772,065 |
Total comprehensive income | - | (1,190,632) | 810 | 1,309,686 | 9,217 | 129,081 |
Net Profit for the period | - | - | - | 1,309,686 | 9,217 | 1,318,903 |
Other comprehensive income | - | (1,190,632) | 810 | - | - | (1,189,822) |
Adjustment | - | - | - | 29,959 | - | 29,959 |
Equity dividends | - | - | - | (52,198) | - | (52,198) |
December 31, 2021 | 2,515,622 | (401,602) | 16,222 | 7,690,955 | 57,708 | 9,878,905 |
Attributable to equity holders of the parent
Other reserves | ||||||
Reserves from financial | Reserves from | Non-controlling | ||||
Issued capital | assets at fair value | Retained earnings | interest | Total equity | ||
defined pension | ||||||
through other | and capital reserves | |||||
plan | ||||||
comprehensive income | ||||||
December 31, 2021 | 2,515,622 | (401,602) | 16,222 | 7,690,955 | 57,708 | 9,878,905 |
Total comprehensive income | - | (1,682,642) | 13,913 | 1,328,008 | 9,080 | (331,641) |
Net Profit for the period | - | - | - | 1,328,008 | 9,080 | 1,337,088 |
Other comprehensive income | - | (1,682,642) | 13,913 | - | - | (1,668,729) |
Equity dividends | - | - | - | (2,579,510) | (7,977) | (2,587,487) |
December 31, 2022 | 2,515,622 | (2,084,244) | 30,135 | 6,439,441 | 58,812 | 6,959,766 |
The accompanying notes are an integral part of this financial statements
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BRD - Groupe Société Générale SA published this content on 17 March 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 17 March 2023 21:46:10 UTC.