Appendix 1
% OWNERSHIP | SHARE CAPITAL | COST OF THE DIRECT HOLDING (NET) | ||||||
CORPORATE NAME | BUSINESS ACTIVITY | REGISTERED ADDRESS | DIRECT | TOTAL | RESERVES | PROFIT/ | ||
(LOSS) | ||||||||
Abside Capital SICAV S.A. (*) | SICAVs | Madrid-Spain | 90.96 | 90.96 | 1,546 | - | - | 1,200 |
Alicante Capital SICAV S.A. (*) | SICAVs | Madrid-Spain | 99.99 | 99.99 | 2,555 | (786) | (16) | 1,278 |
Aris Rosen, S.A.U. | Services | Barcelona-Spain | 100 | 100 | 15 | 405 | (24) | 401 |
Arquitrabe Activos, S.L. | Holding company | Barcelona-Spain | 100 | 100 | 98,431 | 463 | 4,402 | 98,823 |
Banco BPI, S.A. | Banking | Portugal | 100 | 100 | 1,293,063 | 2,195,773 | 87,822 | 2,060,366 |
BPI (Suisse), S.A. (2) | Asset management | Switzerland | - | 100 | 3,000 | 9,382 | 2,181 | - |
BPI Gestão de Activos - Sociedade Gestora de Fundos de Investimento Mobiliário, SA | Management of collective investment institutions | Portugal | - | 100 | 2,500 | 14,509 | 4,363 | - |
BPI Vida e Pensões - Companhia de Seguros, SA | Life insurance and pension fund management | Portugal | - | 100 | 76,000 | 61,142 | 3,568 | - |
BPI, Incorporated (3) | Banking | US | - | 100 | 5 | 854 | (5) | - |
BuildingCenter, S.A.U. | Holder of real estate assets | Madrid-Spain | 100 | 100 | 2,000,060 | (42,352) | (209,600) | 2,192,195 |
Caixa Capital Biomed S.C.R. S.A. | Venture capital company | Barcelona-Spain | 90.91 | 90.91 | 1,200 | 2,188 | (61) | 2,933 |
Caixa Capital Fondos Sociedad De Capital Riesgo S.A. | Venture capital company | Madrid-Spain | 100 | 100 | 1,200 | 14,912 | 1,832 | 14,934 |
Caixa Capital Micro SCR S.A. | Venture capital company | Madrid-Spain | 100 | 100 | 1,200 | 345 | 379 | 1,254 |
Caixa Capital Tic S.C.R. S.A. | Venture capital company | Barcelona-Spain | 80.65 | 80.65 | 1,209 | 4,058 | 1,199 | 4,988 |
Caixa Corp, S.A. | Holding company | Barcelona-Spain | 100 | 100 | 361 | 351 | 0 | 585 |
Caixa Emprendedor XXI, S.A.U. | Promotion of business and entrepreneurial initiatives | Barcelona-Spain | 100 | 100 | 1,007 | 17,654 | (72) | 17,954 |
Caixabank Asset Management Luxembourg, S.A. | Management of collective investment institutions | Luxembourg | - | 100 | 150 | 3,738 | 199 | - |
CaixaBank Asset Management, SGIIC, S.A.U. (4) | Management of collective investment institutions | Madrid-Spain | 100 | 100 | 86,310 | (48,945) | 92,907 | 111,351 |
CaixaBank Brasil Escritório de Representaçao Ltda. (1) | Representative office | Brazil | 100 | 100 | 1,200 | 2,338 | 285 | 345 |
CaixaBank Business Intelligence, SAU | Development of digital projects | Barcelona-Spain | 100 | 100 | 100 | 1,199 | 318 | 1,200 |
CaixaBank Equipment Finance, S.A.U. | Vehicle and equipment leasing | Madrid-Spain | - | 100 | 10,518 | 38,927 | 2,245 | - |
CaixaBank Facilities Management, S.A. | Project management, maintenance, logistics and procurement | Barcelona-Spain | 100 | 100 | 1,803 | 1,871 | 849 | 2,053 |
Caixabank NEX, S.A.U. | Electronic channel management | Valencia-Spain | 100 | 100 | 13,670 | 9,911 | 4,089 | 21,144 |
CaixaBank Notas Minoristas, S.A.U. | Finance | Madrid-Spain | 100 | 100 | 60 | 1,607 | 48 | 4,478 |
Caixabank Operational Services, S.A. | Specialised services for back office administration | Barcelona-Spain | 100 | 100 | 1,803 | 19,517 | 2,055 | 9,579 |
Caixabank Payments & Consumer, E.F.C., E.P., S.A. | Consumer finance | Madrid-Spain | 100 | 100 | 135,156 | 1,072,559 | 385,590 | 1,571,634 |
Caixabank Titulizacion S.G.F.T., S.A. | Securitisation fund management | Madrid-Spain | 100 | 100 | 1,503 | 459 | 3,342 | 6,423 |
CaixaBank Wealth Management Luxembourg, S.A. | Banking | Luxembourg | 100 | 100 | 11,826 | 24,953 | (6,733) | 30,725 |
Cestainmob, S.L. | Real-estate management | Barcelona-Spain | - | 100 | 120 | 510 | (1) | - |
Coia Financiera Naval, S.L. | Provision of financial services and intermediation in the shipbuilding sector | Madrid-Spain | 76 | 76 | 3 | 7 | 52 | 2 |
Corporación Hipotecaria Mutual, E.F.C., S.A. | Mortgage lending | Madrid-Spain | 100 | 100 | 3,005 | 73,645 | (2,389) | 71,987 |
El Abra Financiera Naval, S.L. | Provision of financial services and intermediation in the shipbuilding sector | Madrid-Spain | 76 | 76 | 3 | 34 | (10) | 2 |
Estugest, S.A. | Administrative activities and services | Barcelona-Spain | 100 | 100 | 661 | 163 | (1) | 781 |
Grupo Aluminios de Precisión, S.L.U. (*) | Aluminium smelting in sand moulds | Burgos-Spain | 100 | 100 | 7,500 | 19,601 | 213 | 3,360 |
HipoteCaixa 2, S.L. | Mortgage loan management company | Barcelona-Spain | 100 | 100 | 3 | 61,769 | 50 | 61,797 |
Hiscan Patrimonio, S.A. | Holding company | Barcelona-Spain | 100 | 100 | 46,867 | 115,994 | 13,907 | 176,797 |
ImaginTech, S.A. | Digital business | Barcelona-Spain | 99.99 | 100 | 60 | 1,805 | 225 | 1,858 |
Inter Caixa, S.A. | Services | Barcelona-Spain | 99.99 | 100 | 16 | 24 | (4) | 47 |
Inversiones Coridith SICAV S.A. (*) | SICAVs | Madrid-Spain | 99.95 | 99.95 | 2,515 | (742) | (18) | 1,257 |
Inversiones Corporativas Digitales, S.L. | Holding company | Barcelona-Spain | - | 100 | 3 | (3,065) | 6 | - |
Inversiones Inmobiliarias Teguise Resort, S.L. | Hotels and similar accommodation | Las Palmas-Spain | 60 | 60 | 7,898 | 11,335 | (1,065) | 8,618 |
Líderes de Empresa Siglo XXI, S.L. | Private security for goods and people | Barcelona-Spain | 100 | 100 | 378 | 812 | 311 | 753 |
Negocio de Finanzas e Inversiones II, S.L. | Finance | Barcelona-Spain | 100 | 100 | 6 | 442 | (2) | 448 |
Nuevo Micro Bank, S.A.U. | Financing of micro-credits | Madrid-Spain | 100 | 100 | 90,186 | 257,912 | 5,405 | 90,186 |
PremiaT Comunidad Online, S.L. | Marketing of cashless platform | Barcelona-Spain | - | 100 | 100 | 1,012 | (181) | - |
PromoCaixa, S.A. | Product marketing | Barcelona-Spain | - | 100 | 60 | (9,104) | 17,956 | - |
Puerto Triana, S.A.U. | Real estate developer specialised in shopping centres | Seville-Spain | 100 | 100 | 124,290 | 4,694 | (9,509) | 119,475 |
Sercapgu, S.L. | Holding company | Barcelona-Spain | 100 | 100 | 4,230 | (203) | (19) | 632 |
Silc Immobles, S.A. | Real-estate administration, management and operation | Madrid-Spain | - | 100 | 40,070 | 107,260 | 182 | - |
Silk Aplicaciones, S.L.U. | Provision of IT services | Barcelona-Spain | 100 | 100 | 15,003 | 100,710 | 915 | 176,211 |
Sociedad de Gestión Hotelera de Barcelona, S.L. | Real-estate operations | Barcelona-Spain | - | 100 | 8,144 | 10,815 | (1,740) | - |
Telefónica Consumer Finance E.F.C., S.A. | Consumer finance | Madrid-Spain | - | 50 | 5,000 | 28,781 | 677 | - |
Unión de Crédito para la Financiación Mobiliaria e Inmobiliaria, E.F.C., S.A.U. | Mortgage loans | Madrid-Spain | 100 | 100 | 53,383 | 3,553 | 2,831 | 51,501 |
VidaCaixa Mediació, Sociedad de Agencia de Seguros Vinculada, S.A.U. | Insurance agency | Madrid-Spain | - | 100 | 60 | 3,220 | 258 | - |
VidaCaixa, S.A. de Seguros y Reaseguros Sociedad Unipersonal | Direct life insurance, reinsurance and pension fund management | Madrid-Spain | 100 | 100 | 1,347,462 | (39,445) | 844,484 | 2,251,712 |
(*) Companies classified as non-current assets held for sale.
(1) All data except cost are in local currency: Brazilian real (thousands).
(2) All data except cost are in local currency: Swiss franc (thousands)
(3) All data except cost are in local currency: US dollar (thousands).
(4) This company's figure for reserves includes interim dividend.
N.B. The information corresponding to non-listed companies is based on the most recent data available (actual or estimated) at the time of preparation of the notes to these financial statements.
Appendix 2
CORPORATE NAME | BUSINESS ACTIVITY | REGISTERED ADDRESS | % OWNERSHIP | ASSETS | LIABILIT. | ORDINARY INCOME | SHARE CAPITAL | RESERVES | PROFIT/ (LOSS) | TOTAL COMPREHENSIVE INCOME | COST OF DIRECT OWNERSHIP INTEREST (NET) | DIVIDENDS ACCRUED FROM THE TOTAL HOLDING | |
DIRECT | TOTAL | ||||||||||||
Cosec - Companhia de Seguros de Crédito, S.A. | Credit insurance | Portugal | - | 50.00 | 137,877 | 85,840 | 22,062 | 7,500 | 38,939 | 2,336 | 2,336 | - | - |
Global Payments South America, Brasil – Serviços de Pagamentos, S.A. (1) | Payment methods | Brazil | 33.33 | 33.33 | 1,142,315 | 1,144,935 | (52,207) | 181,564 | (167,250) | (16,934) | (16,934) | - | - |
Inversiones Alaris, S.L. In liquidation (L) | Securities holding | Navarre-Spain | 33.33 | 66.67 | 14,545 | 8,758 | - | 11,879 | (5,355) | (737) | (737) | - | - |
Payment Innovation HUB, S.A. | Payment methods | Barcelona-Spain | - | 50.00 | 1,018 | 91 | 1,720 | 60 | 531 | 336 | 336 | - | - |
Vivienda Protegida y Suelo de Andalucía, S.A. | Real estate development | Seville-Spain | - | 50.00 | 4,392 | 7,126 | 98 | 60 | (2,715) | (79) | (79) | - | - |
(L) Companies in liquidation.
(1) All data except the cost and the dividend are in local currency: Brazilian real (thousands).
N.B. The information on companies corresponds with the last data available (real or estimated) at the time this Report was drawn up.
Appendix 3
CORPORATE NAME | BUSINESS ACTIVITY | REGISTERED ADDRESS | % OWNERSHIP | ASSETS | LIABILITIES | ORDINARY INCOME | SHARE CAPITAL | RESERVES | PROFIT/ (LOSS) | TOTAL COMPREHENSIVE INCOME | COST OF DIRECT OWNERSHIP INTEREST (NET) | DIVIDENDS ACCRUED FROM THE TOTAL HOLDING | |
DIRECT | TOTAL | ||||||||||||
Abaco Iniciativas Inmobiliarias, S.L. In liquidation (L) | Real estate development | Seville-Spain | - | 40 | 11,515 | 46,318 | - | 13,222 | (47,155) | (870) | (870) | - | - |
Ape Software Components S.L. | Computer programming activities | Barcelona-Spain | - | 25.22 | 3,381 | 3,119 | 2,258 | 12 | 449 | (198) | (198) | - | - |
Banco Comercial de Investimento, S.A.R.L. (2) | Banking | Mozambique | - | 35.67 | 191,918,469 | 171,286,113 | 1,929,531 | 10,000,000 | 8,205,185 | 2,671,692 | 2,671,692 | - | 3,375 |
BIP & Drive, S.A. | Teletoll systems | Madrid-Spain | - | 25 | 20,723 | 9,503 | 181,731 | 4,613 | 4,977 | 1,631 | 1,631 | - | - |
Brilliance-Bea Auto Finance Co., L.T.D. (3) | Automotive sector financing | China | - | 22.5 | 6,084,455 | 4,372,429 | 584,636 | 1,600,000 | 45,243 | 66,783 | 66,783 | - | - |
Comercia Global Payments, Entidad de Pago, S.L. | Payment entity | Madrid-Spain | - | 20 | 428,333 | 223,771 | 159,940 | 4,425 | 170,602 | 29,535 | 29,535 | - | 1,767 |
Companhia de Seguros Allianz Portugal, S.A. | Insurance | Portugal | - | 35 | 1,464,966 | 1,242,756 | 514,943 | 39,545 | 35,192 | 36,571 | 36,571 | - | 9,135 |
Coral Homes, S.L.U. | Real estate services | Madrid-Spain | - | 20 | 4,168,107 | 131,986 | 548,660 | 270,774 | 3,825,757 | (60,410) | (60,410) | - | - |
Drembul, S.L. | Real estate development | Logroño-Spain | - | 25 | 43,389 | 5,889 | 34,337 | 30 | 8,085 | 11,263 | 11,263 | - | 1,876 |
Ensanche Urbano, S.A. | Real estate development | Castellón-Spain | - | 49.3 | 37,323 | 68,299 | 179 | 9,225 | (39,624) | (576) | (576) | - | - |
Erste Group Bank AG (C) | Banking | Austria: | 9.92 | 9.92 | 271,983,163 | 252,148,865 | 5,864,530 | 859,600 | 19,941,617 | 637,081 | 398,843 | 1,171,405 | - |
Girona, S.A. | Holding company | Girona-Spain | 34.22 | 34.22 | 5,538 | 301 | 842 | 1,200 | 4,123 | (86) | (86) | 1,642 | - |
Global Payments Caixa Acquisition Corporation S.A.R.L. | Payment methods | Luxembourg | - | 49 | 30,147 | 24 | - | 13 | 30,159 | (48) | (48) | - | - |
Global Payments Moneytopay, EDE, S.L. | Payment entity | Madrid-Spain | - | 49 | 130,928 | 121,308 | 9,840 | 1,350 | 5,855 | 2,415 | 2,415 | - | - |
Guadapelayo, S.L. In liquidation (L) | Real estate development | Madrid-Spain | - | 40 | 312 | 4,998 | - | 1,981 | (6,617) | (50) | (50) | - | - |
Inter-Risco Sociedade de Capital de Risco, S.A. | Venture capital | Portugal | - | 49 | 1,067 | 322 | 1,098 | 400 | 458 | (112) | (112) | - | - |
Ircio Inversiones, S.L. In liquidation (L) | Real estate development | Burgos-Spain | 35 | 35 | 2,128 | 7,359 | - | 675 | (5,907) | 0 | 0 | - | - |
IT Now, S.A. | Services for IT technology projects | Barcelona-Spain | 39 | 49 | 142,363 | 137,033 | 258,083 | 3,382 | 1,009 | 939 | 939 | 1,323 | - |
Justinmind, S.L. | Development of IT systems | Barcelona-Spain | - | 16.98 | 1,499 | 919 | 700 | 5 | 47 | (304) | (304) | - | - |
Nlife Therapeutics, S.L. | Research and development in biotechnology | Granada-Spain | - | 37.18 | 13,245 | 10,096 | 1,928 | 6,930 | (3,974) | (1,003) | (1,003) | - | - |
Numat Medtech, S.L. | Other types of research and development in natural and technical sciences | Palma-Spain | - | 17.86 | 845 | 506 | 5 | 7 | 651 | (414) | (414) | - | - |
Parque Científico y Tecnológico de Córdoba, S.L. | Science park operation and management | Córdoba-Spain | 15.58 | 35.69 | 29,901 | 19,733 | 239 | 23,422 | (17,643) | (232) | (232) | - | - |
Peñíscola Green, S.L. | Real estate development | Castellón-Spain | - | 33.33 | 11,740 | 4,856 | - | 12,000 | (5,116) | 0 | 0 | - | - |
Portic Barcelona, S.A. | Other services related to information technology and telecommunications | Barcelona-Spain | - | 25.81 | 2,306 | 260 | 2,202 | 291 | 1,733 | 23 | 23 | - | - |
Redsys Servicios de Procesamiento, S.L. | Payment methods | Madrid-Spain | - | 20 | 99,642 | 29,359 | 144,577 | 5,815 | 62,929 | 1,540 | 1,540 | - | - |
SegurCaixa Adeslas, S.A. de Seguros y Reaseguros | Non-life insurance | Madrid-Spain | - | 49.92 | 5,304,867 | 3,904,521 | 3,730,019 | 469,670 | 436,700 | 435,000 | 446,828 | - | 213,058 |
Servired, Sociedad Española de Medios de Pago, S.A. | Payment methods | Madrid-Spain | - | 22.01 | 44,886 | 18,535 | 2,488 | 16,372 | 7,956 | (1,374) | (1,374) | - | 429 |
Sistema de Tarjetas y Medios de Pago, S.A. | Payment methods | Madrid-Spain | - | 18.11 | 400,526 | 395,847 | 7,912 | 240 | 4,011 | 428 | 428 | - | - |
Sociedad de Procedimientos de Pago, S.L. | Payment entity | Madrid-Spain | - | 22.92 | 7,809 | 5,784 | 12,822 | 2,346 | (305) | (17) | (17) | - | - |
Societat Catalana per a la Mobilitat S.A. | Development and implementation of the T-mobilitat project | Barcelona-Spain | 23.5 | 23.5 | 111,184 | 103,231 | 8,557 | 9,874 | (850) | (238) | (238) | 1,846 | - |
Telefonica Factoring do Brasil, Ltda. (1) | Factoring | Brazil | 20 | 20 | 207,682 | 173,936 | 46,813 | 5,000 | 80 | 28,665 | 28,665 | 2,029 | 1,180 |
Telefonica Factoring España, S.A. | Factoring | Madrid-Spain | 20 | 20 | 84,183 | 70,196 | 8,971 | 5,109 | 1,740 | 7,138 | 7,138 | 2,525 | 1,527 |
Unicre - Institução Financeira de Crédito, S.A. | Card issuance | Portugal | - | 21.01 | 368,375 | 258,239 | 141,460 | 10,000 | 67,995 | 23,919 | 23,919 | - | - |
Zone2Boost, S.L. | Holding company for business acquisition | Barcelona-Spain | - | 40 | 2,054 | 31 | 165 | 3 | 2,332 | (312) | (312) | - | - |
(L) Companies in liquidation.
(C) Listed companies. Latest publicly-available data at the date of preparation of the notes to these financial statements.
(1) All data except the cost and the dividend are in local currency: Brazilian real.
(2) All data except the cost and the dividend are in local currency: New Mozambique metical (thousands).
(3) All data except cost are in local currency: Renmimbi (thousands).
N.B. The information corresponding to non-listed companies is based on the most recent data available (actual or estimated) at the time of preparation of the notes to these financial statements.
Appendix 4
Profit qualifying for the tax credits set forth in Article 42 of the restated text of the Corporation Tax Law approved by Royal Decree-Law 4/2004, of 5 March (Transitional provision twenty-four of Corporation Tax Law 27/2014):
CAIXABANK GROUP | ||||
YEAR | PROFIT QUALIFYING | DEDUCTION BASE | TAX CREDIT (1) | YEAR OF REINVESTMENT |
2013 | 68 | 68 | 8 | 2013 |
2014 | 298 | 298 | 36 | 2014 |
2015 | 18 | 18 | 2 | 2015 |
2016 | 13 | 13 | 2 | 2015 |
(1) There are unused tax credits due to a shortage of taxable income in the consolidated income tax return.
Reinvestment is carried out in equity securities granting holdings in excess of 5%, and on property, plant and equipment, intangible assets and investment property relating to the business activity.
Appendix 5
(Article 155 of the Corporate Enterprises Act and Article 125 of the restated text of Spanish Securities Market Law).
On 12 March 2020, CaixaBank issued a statement of related party connections for the arrangement – on the same date – of an equity swap on 1,366,983 shares in Telefónica, S.A. Through this financial instrument, CaixaBank, S.A. has arranged a fair value hedge of the underlying shares at the agreed unit price.
On 19 March 2020, CaixaBank, S.A. issued a statement of related party connections as a result of the cancellation of the equity swap on 51,921,316 shares in Telefónica, S.A., which was cancelled with settlement due to differences, after the statement was issued on 15 July 2019 that the equity swap has been entered into.
Furthermore, on 19 March 2020, CaixaBank, S.A. issued a statement of related party connections as a result of the cancellation of the equity swap on 1,366,983 shares in Telefónica, S.A., which was cancelled with settlement due to differences, after the statement was issued on 12 March 2020 that the equity swap has been entered into.
On 25 June 2020, a statement from CaixaBank, S.A. was recorded in the CNMV (Spanish Securities Exchange Commission), reporting that the 3% threshold had been breached on the downside as a result of the restructuring of Deoleo, S.A., the reduction of its previous share capital to zero and a subsequent capital increase. CaixaBank – as the holder at that time of a direct and indirect holding (via its subsidiary company Hiscan Patrimonio, S.A.) of 4.1014% of the previous share capital of Deoleo – received 57,618,350 pre-emptive subscription rights that were sold in their entirety and, as a result, neither CaixaBank, S.A. nor Hiscan Patrimonio, S.A. participated in the subscription to the capital increase, and were no longer major shareholders in the company.
On 14 July 2020, a notice by CaixaBank, S.A. was filed with the CNMV stating that the stake in Telefónica, S.A. had fallen below the 5% threshold. Within the framework of the capital increase operation by scrip dividend in this company, CaixaBank, S.A. received 259,611,788 rights that they were sold in their entirety, diluting its share in Telefónica, which reached 4.879%.
Appendix 6
In accordance with Article 87 of Act 10/2014, of 26 June, on the regulation, supervision and solvency of credit institutions, credit institutions are required to publish the following information on a consolidated basis for the last financial year ended, broken down by country where the credit institutions are established. Pursuant to the above, the information required is provided here on:
In Note 1.1 to CaixaBank Group's consolidated Financial Statements the name, nature and geographical location of the activity is specified.
Appendices 1, 2 and 3 of CaixaBank Group's consolidated financial statements detail the subsidiaries, joint ventures and associates that make up CaixaBank Group.
Appendix 5 discloses notices on the acquisition and disposal of ownership interests in 2020, in accordance with Article 155 of the Corporate Enterprises Act and Article 125 of the revised text of the Securities Market Act.
CaixaBank, SA is established in Spain, and has 6 foreign branches, specifically in Poland, Morocco, the UK, Germany, France and Portugal.
CaixaBank also has 18 representative offices which do not carry out banking activities but provide information on the Entity's services in the following 16 jurisdictions: Algeria, Australia, Brazil, China (3), Chile, Colombia, Egypt, United Arab Emirates, the United States of America, India, Italy, Turkey, Peru, Singapore, South Africa and Canada.
Banco BPI has 421 branches in Portugal.
Business volume by country on a consolidated basis is as follows:
BANKING AND INSURANCE BUSINESS | INVESTMENTS | BPI | TOTAL CAIXABANK GROUP | ||||||||||||
2020 | 2019 | 2018 | 2020 | 2019 | 2018 | 2020 | 2019 | 2018 | 2020 | 2019 | 2018 | ||||
Spain | 11,039 | 11,170 | 10,981 | 62 | 106 | 347 | (24) | 11,101 | 11,276 | 11,304 | |||||
Portugal | 112 | 106 | 60 | 742 | 749 | 836 | 854 | 855 | 896 | ||||||
Poland | 20 | 21 | 15 | 20 | 21 | 15 | |||||||||
Morocco | 9 | 7 | 5 | 9 | 7 | 5 | |||||||||
United Kingdom | 30 | 24 | 9 | 30 | 24 | 9 | |||||||||
Germany | 17 | 8 | 17 | 8 | |||||||||||
France | 18 | 9 | 18 | 9 | |||||||||||
Angola | 31 | 31 | 31 | 31 | |||||||||||
Share of profit/(loss) accounted for using the equity method ** | 84 | 233 | 411 | 84 | 233 | 411 | |||||||||
Other | 1 | 8 | 8 | 8 | 8 | 8 | 9 | ||||||||
TOTAL ORDINARY INCOME | 11,245 | 11,345 | 11,071 | 177 | 370 | 758 | 750 | 757 | 820 | 12,172 | 12,472 | 12,649 |
(*) Correspond to the following headings of the CaixaBank Group's public statement of profit or loss calculated pursuant to Bank of Spain Circular 5/2014:
1. Interest income.
2. Dividend income.
3. Share of profit / (loss) of entities accounted for using the equity method.
4. Fee and commission income.
5. Gains / (losses) on derecognition of financial assets and liabilities not measured at fair value through profit or loss, net.
6. Gains/(losses) on financial assets and liabilities held for trading, net.
7. Gains/(losses) on assets not designated for trading compulsorily measured at fair value through profit or loss, net.
8. Gains/(losses) on financial assets and liabilities designated at fair value through profit or loss, net.
9. Gains/(losses) from hedge accounting, net.
10. Other operating income.
11. Income from assets under insurance and reinsurance contracts.
(**) of international associates and others. Mainly corresponds to the share of profit/(loss) of international associates accounted for using the equity method, primarily Erste Group Bank (Austria), Banco Comercial e de Investimento (Mozambique), Banco de Fomento Angola (in 2018).
At 31 December 2020, the full-time workforce by country is as follows:
31/12/2020 | 31/12/2019 | 31/12/2018 | |
Spain | 30,421 | 30,615 | 32,364 |
Portugal | 4,783 | 4,956 | 4,934 |
Poland | 20 | 18 | 18 |
Morocco | 27 | 24 | 22 |
United Kingdom | 16 | 16 | 14 |
Germany | 12 | 12 | 10 |
France | 11 | 11 | 7 |
Switzerland | 19 | 21 | 22 |
Other countries - Representative offices | 77 | 63 | 49 |
TOTAL FULL-TIME WORKFORCE | 35,386 | 35,736 | 37,440 |
Gross profit before tax on a consolidated basis in 2020 amounted to EUR 1,600 million (EUR 2,077 million and EUR 2,807 million in 2019 and 2018, respectively), and includes ordinary income from the branches set out in b) above.
The net income tax expense recognised on consolidated profit in 2020 amounted to EUR 219 million (EUR 369 million and EUR 712 million in 2019 and 2018, respectively), as shown in the consolidated statement of profit or loss.
Payments of income tax made during 2020 have reached EUR 169 million, of which EUR 150 million have been paid in Spain, EUR 5 million in Portugal, EUR 1 million in Poland, EUR 2 million in Switzerland, EUR 1 million in Morocco and EUR 1 million in Germany.
Income taxes actually paid in the fiscal year in each jurisdiction include the final settlements derived from the payments on account and withholdings paid, which are reduced in turn in the income tax rebates in the current year. The result of the settlements deriving from tax assessments during that year is also included.
All ordinary income generated by the CaixaBank Group is taxable.
The amount of the corporation tax payments do not correspond to the amount of the income tax expense recorded in the consolidated statement of profit or loss. The main cause of this divergence lies in the different timing of recognition of the items that make up the accrual and cash criteria in relation to income tax.
In 2020, the Group received the following grants and public aid:
The relevant indicators and ratios are shown in the "Changes in profit/(loss) and activity" section of the 2020 Management Report. The return on assets in 2020, calculated as net profit (adjusted to reflect the amount of the Additional Tier 1 coupon, after tax, reported in equity) divided by average total assets over the last twelve months, was 0.3% (0.4% in 2019 and 0.5% in 2018).
Appendix 7
As stated in this note, in the "Basis of presentation" section, the Group has applied IFRS 9 from 1 January 2018. This led to changes to the classification and measurement modifications of certain items on the balance sheet at 31 December 2019 for the impacts described below:
BALANCE AT 31/12/2017 | HEADING NAME AMENDMENT | OTHER RECLASSIFICATIONS | VALUATION CHANGE | DEFERRAL IN IFRS 9 APPLICATION FOR INSURANCE ACTIVITIES (a) | BALANCE AT 01/01/2018 | |||||
Financial assets held for trading | 10,597 | (956) | 9,641 | |||||||
Financial assets designated at fair value through profit or loss | 6,500 | (6) | (6,494) | |||||||
Financial assets not designated for trading compulsorily measured at fair value through profit or loss | - | 846 | (25) | 821 | ||||||
Equity instruments | - | 249 (d) | 35 | 284 | ||||||
Debt securities | - | 147 (b) (d) | 147 | |||||||
Loans and advances | - | 450 (b) | (60) | 390 | ||||||
Available-for-sale financial assets | 69,555 | (69,555) (d) | ||||||||
Equity instruments | 2,883 | (2,883) | ||||||||
Debt securities | 66,672 | (66,672) | ||||||||
Financial assets at fair value with changes in other comprehensive income | - | 69,555 (d) | (303) (d) | (49,394) | 19,858 | |||||
Equity instruments | - | 2,883 | (243) | 2,640 | ||||||
Debt securities | - | 66,672 | (60) | (49,394) | 17,218 | |||||
Loans and receivables | 226,273 | (226,273) (b) | ||||||||
Debt securities | 2,576 | (2,576) | ||||||||
Loans and advances | 223,697 | (223,697) | ||||||||
Central banks | 5 | (5) | ||||||||
Credit institutions | 7,374 | (7,374) | ||||||||
Customers | 216,318 | (216,318) | ||||||||
Held-to-maturity investments | 11,085 | (11,085) (c) | ||||||||
Financial assets at amortised cost | - | 237,358 (b) | (537) (b) | (768) | (1,075) | 234,978 | ||||
Debt securities | - | 13,661 (c) | (87) | 10 | (787) | 12,797 | ||||
Loans and advances | - | 223,697 | (450) | (778) | (288) | 222,181 | ||||
Central banks | - | 5 | 5 | |||||||
Credit institutions | - | 7,374 | (288) | 7,086 | ||||||
Customers | - | 216,318 | (450) | (778) (f) | 215,090 | |||||
Assets under the insurance business (Note 17) | 275 | 57,919 | 58,194 | |||||||
Tax assets | 11,005 | 243 (g) | 11,248 | |||||||
Other assets | 2,505 | 2 | 2,507 | |||||||
TOTAL ASSETS | 383,136 | - | - (e) | (548) | - | 382,588 |
BALANCE AT 31/12/2017 | HEADING NAME AMENDMENT | OTHER RECLASSIFICATIONS | VALUATION CHANGE | DEFERRAL IN IFRS 9 APPLICATION FOR INSURANCE ACTIVITIES (a) | BALANCE AT 01/01/2018 | |||||
Financial liabilities held for trading | 8,605 | 8,605 | ||||||||
Financial liabilities designated at fair value through profit or loss | 8,241 | (8,241) | - | |||||||
Deposits | 8,241 | (8,241) | - | |||||||
Customers | 8,241 | (8,241) | - | |||||||
Other financial liabilities | - | - | ||||||||
Financial liabilities at amortised cost | 280,898 | 280,898 | ||||||||
Derivatives - Hedge accounting | 793 | 793 | ||||||||
Fair value changes of the hedged items in portfolio hedge of interest rate risk | 1,410 | 1,410 | ||||||||
Liabilities under the insurance business | 50,998 | 8,241 | 59,239 | |||||||
Provisions | 3,491 | 8 | 3,499 | |||||||
Pensions and other post-employment defined benefit obligations | 598 | 598 | ||||||||
Other long-term employee benefits | 1,223 | 1,223 | ||||||||
Pending legal issues and tax litigation | 803 | 803 | ||||||||
Commitments and guarantees given | 357 | 10 (f) | 367 | |||||||
Other provisions | 510 | (2) | 508 | |||||||
Tax liabilities | 1,417 | 1,417 | ||||||||
Other liabilities | 2,335 | 2,335 | ||||||||
Liabilities included in disposal groups classified as held for sale | 82 | 82 | ||||||||
TOTAL LIABILITIES | 358,27 | 8 | 358,278 |
BALANCE AT 31/12/2017 | HEADING NAME AMENDMENT | OTHER RECLASSIFICATIONS | VALUATION CHANGE | DEFERRAL IN IFRS 9 APPLICATION FOR INSURANCE ACTIVITIES (a) | BALANCE AT 01/01/2018 | |||||
SHAREHOLDERS' EQUITY | 24,722 | 23 | (561) | 24,184 | ||||||
Capital | 5,981 | 5,981 | ||||||||
Share premium | 12,033 | 12,033 | ||||||||
Other equity items | 10 | 10 | ||||||||
Retained earnings | 6,038 | 6,038 | ||||||||
Other reserves | (594) | 23 (h) | (561) | (1,132) | ||||||
Less: Treasury shares | (12) | (12) | ||||||||
Profit/(loss) attributable to owners of the Parent | 1,684 | 1,684 | ||||||||
Less: Interim dividends | (418) | (418) | ||||||||
ACCUMULATED OTHER COMPREHENSIVE INCOME | (290) | (23) (h) | (313) | |||||||
Items that will not be reclassified to profit or loss | (402) | (447) | (849) | |||||||
Items that may be reclassified to profit or loss | 112 | 424 | 536 | |||||||
MINORITY INTERESTS (non-controlling interests) | 434 | 5 | 439 | |||||||
Accumulated other comprehensive income | 26 | (4) | 22 | |||||||
Other items | 408 | 4 | 5 | 417 | ||||||
TOTAL EQUITY | 24,866 | - | - | (556) | 24,310 | |||||
TOTAL LIABILITIES AND EQUITY | 383,136 | - | - | (548) | 382,588 |
a) In accordance with the provisions of Note 1, applying the amendment to IFRS 4 Application of IFRS 9 Financial Instruments, the details of the information that follows are not considered as a change to the accounting policy with regard to investments of the Group's insurance companies, which are grouped under the heading “Assets under the insurance business” on the asset side of the balance sheet, and remain recognised and measured in accordance with IAS 39.
For the purpose of facilitating the comparison of information, the balances of the technical provisions corresponding to Unit Link and Flexible Investment Life Annuity (the part managed) have also been reclassified, in order to include them under the heading "Liabilities under the insurance business".
b) The balances classified under "Loans and receivables" are reclassified under the heading "Financial assets at amortised cost", except for certain exposures that, due to their nature, do not comply with the requirements to be classified at amortised cost and are reclassified under "Financial assets not designated for trading compulsorily measured at fair value through profit or loss".
c) The balances classified under the heading "Held-to-maturity investments" are reclassified, in their entirety, under "Financial assets at amortised cost".
d) The balances classified under "Available-for-sale financial assets" are reclassified under the heading "Financial assets at fair value with changes in other comprehensive income", except for certain securities, most notably shares in investment funds and venture capital funds, which are reclassified under the heading "Financial assets not designated for trading compulsorily measured at fair value through profit or loss".
e) As a result of the 1st application of IFRS 9, there have been no reclassifications to the "fair value at amortised cost" categories.
f) Corresponds to the incremental impact on corrections to the value of exposures at amortised cost, deriving from the change to the accounting policy (see Note 14).
g) Fiscal effect of the indicated valuation adjustments.
h) As a result of the reclassification of certain equity instruments of "Available-for-sale financial assets", as "Financial assets not designated for trading compulsorily measured at fair value through profit or loss", the valuation adjustments at 31 December 2017 associated with these positions are reclassified under the heading "Accumulated other comprehensive income", in the section "Other reserves" in shareholders' equity.
Given the impracticality of retrospectively estimating the impact of the change to the accounting policy of IFRS 9, the Group has made use of the provisions in the regulatory framework for accounting in order not to restate the opening balance at 1 January 2017 and the income statement of 2017. Similarly, the breakdowns, at 31 December 2017, of certain balance sheet items referring to financial instruments in this report have not been restated, which is why it cannot be compared with the information referring to 31 December 2018. The table below shows the accounting classification under Circular 4/2016 (determined based on IAS 39) of the credit activity and its hedges together with the correspondence under classification IFRS 9:
LOANS AND RECEIVABLES - CUSTOMERS (AMORTISED COST) | |||||||||
PERFORMING/ STAGE 1 | STAGE 2 | NON-PERFORMING/ STAGE 3 | TOTAL | ||||||
Balance at 31-12-2017 | 209,337 | 13,797 | 223,134 | ||||||
Portfolio reclassification: | |||||||||
To "Financial assets not designated for trading compulsorily measured at fair value through profit or loss" (*) | (450) | (15) | (465) | ||||||
Transfers: | |||||||||
From “performing” to | (15,663) | 15,663 | |||||||
From “non-performing” to | |||||||||
BALANCE AT 01-01-2018 | 193,224 | 15,663 | 13,782 | 222,669 |
LOANS AND RECEIVABLES - CUSTOMERS (AMORTISED COST) | ||||||||
PERFORMING/ STAGE 1 | STAGE 2 | NON-PERFORMING/ STAGE 3 | TOTAL | |||||
Balance at 31-12-2017 | (1,412) | (5,404) | (6,816) | |||||
Portfolio reclassification: | ||||||||
To "Financial assets not designated for trading compulsorily measured at fair value through profit or loss" (*) | 15 | 15 | ||||||
Transfers: | ||||||||
From “performing” to | ||||||||
Allowance adjustment | 163 | (312) | (629) | (778) | ||||
BALANCE AT 01-01-2018 | (972) | (589) | (6,018) | (7,579) |
(*) Exposure in sales process that does not comply with the regulatory criteria to be classified as at amortised cost, due to its business model.