2012 Registration document and annual financial report - BNP Paribas

4CONSOLIDATED FINANCIAL STATEMENTSPREPARED IN ACCORDANCE WITHINTERNATIONAL FINANCIAL REPORTINGSTANDARDS AS ADOPTED BY THE EUROPEANUNION4.1 Profit and loss account for the year ended 31 December 2012 1044.2 Statement of net income and changesin assets and liabilities recognised directly in equity 1054.3 Balance sheet at 31 December 2012 1064.4 Cash flow statement for the year ended 31 December 2012 1074.5 Statement of changes in shareholders’ equitybetween 1 Jan. 2011 and 31 Dec. 2012 1084.6 Notes to the financial statements prepared in accordance withInternational Financial Reporting Standards as adopted by the European Union 110Note 1 Summary of significant accounting policies applied by the BNP ParibasGroup 1101.a Applicable accounting standards 1101.b Consolidation 1101.b.1 Scope of consolidation 1101.b.2 Consolidation methods 1111.b.3 Consolidation procedures 1111.b.4 Business combinations and measurement of goodwill 1121.c Financial assets and financial liabilities 1131.c.1 Loans and receivables 1131.c.2 Regulated savings and loan contracts 1131.c.3 Securities 1141.c.4 Foreign currency transactions 1151.c.5 Impairment and restucturing of financial assets 1151.c.6 Reclassification of financial assets 1161.c.7 Issues of debt securities 1161.c.8 Own equity instruments and own equity instrument derivatives 1171.c.9 Derivative instruments and hedge accounting 1171.c.10 Determination of fair value 1182012 Registration document and annual financial report - BNP PARIBAS 101