2012 Registration document and annual financial report - BNP Paribas

CONSOLIDATED FINANCIAL STATEMENTS - YEAR ENDED 31 DECEMBER 2012Notes to the financial statements4This applies in particular to:■ impairment losses recognised to cover credit risks inherent in bankingintermediation activities;■ the use of internally-developed models to measure positions infinancial instruments that are not quoted in active markets;■ calculations of the fair value of unquoted financial instrumentsclassified in “Available-for-sale financial assets”, “Financial assets atfair value through profit or loss” or “Financial liabilities at fair valuethrough profit or loss”, and more generally calculations of the fair valueof financial instruments subject to a fair value disclosure requirement;■ whether a market is active or inactive for the purposes of using avaluation technique;■ impairment losses on variable-income financial assets classified as“Available-for-sale” ;■ impairment tests performed on intangible assets;■ the appropriateness of the designation of certain derivative instrumentssuch as cash flow hedges, and the measurement of hedge effectiveness;■ estimates of the residual value of assets leased under finance leases oroperating leases, and more generally of assets on which depreciationis charged net of their estimated residual value;■ the measurement of provisions for contingencies and charges.This is also the case for assumptions applied to assess the sensitivityof each type of market risk and the sensitivity of valuations to nonobservableparameters.42012 Registration document and annual financial report - BNP PARIBAS 125