2012 Registration document and annual financial report - BNP Paribas

CONSOLIDATED FINANCIAL STATEMENTS - YEAR ENDED 31 DECEMBER 2012Notes to the financial statements4In millions of euros31 December2011Amortisation ofthe purchasepriceDisposals andrepaymentsChange in valuerecogniseddirectly in equity (1)31 December2012IrelandLoans and receivables and available-for-saleassets reclassified as loans and receivablesRisk exposure 761 (2) (633) - 126Discount amortised at effective interestrate (1) (179) - - 156 (23)Carrying value 582 (2) (633) 156 103Held-to-maturity financial assetsRisk exposure and carrying value 325 - - - 325PortugalLoans and receivables and available-for-saleassets reclassified as loans and receivablesRisk exposure 1,072 (4) (451) - 617Discount amortised at effective interestrate (1) (276) - - 109 (167)Carrying value 796 (4) (451) 109 450Held-to-maturity financial assetsRisk exposure and carrying value 159 - - - 159(1) The discount amortised at effective interest rate is composed of the changes in fair value which were recognised directly in shareholders’ equity whenthe securities were classified as available-for-sale financial assets. Amortisation of the discount is recognised directly in shareholders’ equity, withoutimpact on the profit and loss account .4In shareholders’ equity, the discount at 31 December 2012 of Irish andPortuguese securities held by general insurance funds, respectively ofEUR 23 million and EUR 167 million before tax, is compensated by adecrease in the insurance policyholders’ surplus reserve of respectivelyEUR 21 million and EUR 149 million before tax.The carrying value of Irish and Portuguese bonds represents less than 2%of the carrying value of all the fixed income securities held by insuranceentities.2012 Registration document and annual financial report - BNP PARIBAS 137