2012 Registration document and annual financial report - BNP Paribas

CONSOLIDATED FINANCIAL STATEMENTS - YEAR ENDED 31 DECEMBER 2012Notes to the financial statements4Measurement of reclassified assets at 31 December 2012The following tables show the items related to the reclassified assets:➤ ON THE BALANCE SHEETIn millions of eurosCarrying value31 December 2012 31 December 2011Market or modelvalueCarrying valueMarket or modelvalueSovereign securities reclassified as loans and receivablesdue from customers 1,259 1,443 3,939 3,600of which Greek sovereign securities - - 1,201 1,133of which Portuguese sovereign securities 1,001 1,117 1,939 1,631of which Irish sovereign securities 258 326 799 836Reclassified structured transactions and otherfixed-income securities 3,581 3,538 4,664 4,511Into loans and receivables due from customers 3,581 3,538 4,647 4,494Into available-for-sale financial assets - - 17 17➤ IN PROFIT AND LOSS AND AS A DIRECT CHANGE IN EQUITY4In millions of eurosYear to 31 Dec. 2012 Year to 31 Dec. 2011Pro formaRealisedPro formaRealisedamount forthe period (1)beforereclassificationafterreclassificationTotalamount forthe period (1)In profit or loss (85) (22) (409) (2,415) (2,630) (2,838)I n revenues (16) 16 116 211 509 361of which Greek sovereign securities 15 15 87 178 265 265of which Portuguese sovereign securities (112) (112) 19 56 75 75of which Irish sovereign securities (15) (15) 10 (23) (13) (13)of which struc tured transactions andother fixed-income securities 96 128 182 34I n cost of risk (69) (38) (525) (2,626) (3,139) (3,199)of which Greek sovereign securities (40) (38) (525) (2,626) (3,151) (3,199)of which structured transactions andother fixed-income securities (29) 0 12 -A s direct change in equity (before tax) 217 420 504 850 1,379 1,180of which Greek sovereign securities - - 681 778 1,459 1,459of which Portuguese sovereign securities 153 336 (176) 32 (144) (336)of which Irish sovereign securities 48 54 (1) 40 39 48of which structured transactions andother fixed-income securities 16 30 25 9TOTAL PROFIT AND LOSS IMPACT ANDDIRECT CHANGES IN EQUITY RESULTINGFROM RECLASSIFIED ITEMS 132 398 95 (1,565) (1,251) (1,658)(1) Pro forma figures show the contribution to full-year earnings, and the impact of the change in their value on equity, as if the instruments concernedhad not been reclassified .Securities issued by Portugal and Ireland, held by the Group and reclassified under “Loans and Receivables” have been measured at market value forthe purposes of notes 5.e and 8.h. Securities issued by Portugal and Ireland and included in the trading portfolio have also been measured at marketvalue, which is considered l evel 2 as defined in note 5.d.2012 Registration document and annual financial report - BNP PARIBAS 147