2012 Registration document and annual financial report - BNP Paribas

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4CONSOLIDATEDFINANCIAL STATEMENTS - YEAR ENDED 31 DECEMBER 2012Notes to the financial statementsThe proceeds from these issues are recorded in equity under “Capitaland retained earnings”. In accordance with IAS 21, issues denominated inforeign currencies are recognised at their historical value based on theirtranslation into euros at the issue date. Interest on the instruments istreated in the same way as dividends.At 31 December 2012, the BNP Paribas Group held EUR 37 millionof Undated Super Subordinated Notes which were deducted fromshareholders’ equity.E arnings per shareBasic earnings per share is calculated by dividing the net income for theperiod attributable to holders of ordinary share s by the weighted averagenumber of ordinary shares outstanding during the period. The net incomeattributable to ordinary shareholders is determined by deducting the netincome attributable to holders of preferred shares.Diluted earnings per share correspond to net income for the yearattributable to holders of ordinary shares, divided by the weightedaverage number of shares outstanding as adjusted for the maximumeffect of the conversion of dilutive equity instruments into ordinary shares.In-the-money stock subscription options are taken into account in thediluted earnings per share calculation, as are share awards made underthe Global Share-based Incentive Plan. Conversion of these instrumentswould have no effect on the net income figure used in this calculation.4Year to31 Dec. 2012Year to31 Dec. 2011Net income used to calculate basic and diluted earnings per ordinary share (in millions of euros) (1) 6,271 5,768Weighted average number of ordinary shares during the year 1,214,528,487 1,197,356,577Effect of potentially dilutive ordinary shares 2,083,716 2,061,675Stock subscription plan (2) - 706,705Performance share plan (2) 2,054,507 1,324,406Stock purchase plan 29,209 30,565Weighted average number of ordinary shares used to calculate diluted earnings per share 1,216,612,203 1,199,418,253Basic earnings per share (in euros) 5.16 4.82Diluted earnings per share (in euros) 5.15 4.81(1) Net income used to calculate basic and diluted earnings per share is net income per the profit and loss account, adjusted for the remuneration on theUndated Super Subordinated Notes issued by BNP Paribas SA (treated as preferred share equivalents), which for accounting purposes is treated asdividends.(2) See note 7.e Share-based payments for the description of share-based plans .The dividend per share paid in 2012 out of 2011 net income amounted to EUR 1.20 compared with EUR 2.10 per share paid in 2011 out of 2010 net income.1862012 Registration document and annual financial report - BNP PARIBAS
CONSOLIDATED FINANCIAL STATEMENTS - YEAR ENDED 31 DECEMBER 2012Notes to the financial statements48.b SCOPE OF CONSOLIDATION31/12/2012 31/12/2011Voting InterestVoting InterestName Country Method (%) (%) Ref Method (%) (%) RefConsolidating companyBNP Paribas SAFranceRetail BankingDomestic MarketsRetail Banking - FranceBanque de Bretagne France S4Banque de Wallis et Futuna France Full (1) 51.0% 51.0% Full (1) 51.0% 51.0%BNP Paribas Développement SA France Full 100% 100% Full 100% 100%BNP Paribas Factor France Full (1) 100% 100% Full (1) 100% 100%BNP Paribas Factor Portugal Portugal Full 100% 100% Full 100% 100%BNP Paribas Guadeloupe France Full (1) 100% 100% Full (1) 100% 100%BNP Paribas Guyane France Full (1) 100% 100% Full (1) 100% 100%BNP Paribas Martinique France Full (1) 100% 100% Full (1) 100% 100%BNP Paribas Nouvelle-Calédonie France Full (1) 100% 100% Full (1) 100% 100%BNP Paribas Réunion France Full (1) 100% 100% Full (1) 100% 100%Fortis Commercial Finance SAS France S4 Full 100% 100% E3Fortis Mediacom Finance France S4Retail Banking - BelgiumAlpha Card SCRL (groupe) Belgium Equity 50.0% 37.5% Equity 50.0% 37.5%BNP Paribas Commercial Finance Ltd.(ex-Fortis Commercial Finance Ltd.)UK Equity* 100% 74.9% Equity* 100% 74.9% E3BNP Paribas Fortis Factor Belgium S4 Full 100% 74.9%BNP Paribas Factor GmbH (ex-FortisCommercial Finance GmbH)Germany Equity* 100% 74.9% Equity* 100% 74.9% E3BNP Paribas Fortis Factor NV (ex-FortisBelgiumCommercial Finance NV)Full 100% 74.9% Full 100% 74.9% E3BNP Paribas Fortis Funding SA Luxembourg Full 100% 74.9% Full 100% 74.9%Bpost banque (ex-Banque de LaPoste SA)Belgium Prop. 50.0% 37.5% Prop. 50.0% 37.5%Demetris NV Belgium Equity* 100% 74.9% Equity* 100% 74.9%Europay Belgium Belgium S3 Equity 39.9% 29.9%Fortis Banque SA (BNP Paribas Fortis) Belgium Full 74.9% 74.9% Full 74.9% 74.9%Fortis Commercial FinanceDeutschland BVNetherlands Equity* 100% 74.9% Equity* 100% 74.9% E3Fortis Commercial Finance Holding NV Netherlands Full 100% 74.9% Full 100% 74.9% E3Fortis Finance Belgium SCRL Belgium Full 100% 74.9% Full 100% 74.9%FV Holding NV Belgium Equity 40.0% 30.0% Equity 40.0% 30.0%Immobilière Sauvenière SA Belgium Equity* 100% 74.9% Equity* 100% 74.9%Special Purpose EntitiesBASS Master Issuer NV Belgium Full - - Full - -Esmée Master Issuer Belgium Full - - Full - -Retail Banking - LuxembourgAlsabail France S2BGL BNP Paribas Luxembourg Full 66.0% 53.4% Full 66.0% 53.4%BGL BNP Paribas Factor SA Luxembourg Full 100% 53.4% E1Cofhylux SA Luxembourg Full 100% 53.4% Full 100% 53.4%Société Alsacienne de développementFranceet d'expansionFull 100% 53.4% Full 100% 53.4%31/12/2012 31/12/2011Voting InterestVoting InterestName Country Method (%) (%) Ref Method (%) (%) RefRetail Banking - Italy (BNL Banca Commerciale)Artigiancassa SPA Italy Full 73.9% 73.9% Full 73.9% 73.9%Banca Nazionale del Lavoro SPA Italy Full 100% 100% Full 100% 100%BNL Finance SPA Italy Full 100% 100% Full 100% 100%BNL Positivity SRL Italy Full 51.0% 51.0% Full 51.0% 51.0%BNP Paribas Personal Finance SPA Italy S4 Full 100% 100%International Factors Italia SPA - Ifi talia Italy Full 99.6% 99.6% Full 99.6% 99.6%Special Purpose EntitiesEMF IT-2008-1 SRL Italy Full - - Full - -UCB Service SRL Italy S4Vela ABS Italy Full (2) - - Full (2) - -Vela Home SRL Italy Full - - Full - -Vela Mortgages SRL Italy Full - - Full - -Vela OBG SRL Italy Full - - E1Vela Public Sector SRL Italy Full - - Full - -ArvalArval Austria GmbH Austria Equity* 100% 100% D1 Full 100% 100%Arval Belgium SA Belgium Full 100% 100% Full 100% 100%Arval Benelux BV Netherlands Full 100% 100% Full 100% 100%Arval Brasil Limitada Brazil Full 100% 100% Full 100% 100%Arval Business Services Ltd. UK Full 100% 100% Full 100% 100%Arval BV Netherlands Full 100% 100% Full 100% 100%Arval CZ SRO (ex-Arval PHH Service CzechLease CZ)RepublicFull 100% 100% Full 100% 100%Arval Deutschland GmbH Germany Full 100% 100% Full 100% 100%Arval ECL SAS France Equity* 100% 100% D1 Full 100% 100%Arval Hellas Car Rental SA Greece Equity* 100% 100% Equity* 100% 100%Arval India Private Ltd. India Equity* 100% 100% Equity* 100% 100%Arval Ltd. UK Full 100% 100% Full 100% 100%Arval Luxembourg SA Luxembourg Equity* 100% 100% D1 Full 100% 100%Arval Magyarorszag KFT Hungary Equity* 100% 100% Equity* 100% 100% E1Arval Maroc SA Morocco Equity* 100% 89.0% D1 Full 100% 89.0%Arval NV Belgium S3 Full 100% 100%Arval PHH Holdings Ltd. UK Full 100% 100% Full 100% 100%Arval PHH Holdings UK Ltd. UK Full 100% 100% Full 100% 100%Arval OOO Russia Full 100% 100% Full 100% 100%Arval Schweiz AG Switzerland Equity* 100% 100% D1 Full 100% 100%Arval Service Gmbh Germany Full 100% 100% Full 100% 100% E3Arval Service Lease France Full 100% 100% Full 100% 100%Arval Service Lease Aluger OperationalPortugalAutomoveisEquity* 100% 100% D1 Full 100% 100%Arval Service Lease Italia SpA Italy Full 100% 100% Full 100% 100%Arval Service Lease Polska sp. z.o.o. Poland Full 100% 100% Full 100% 100%Arval Service Lease Romania SRL Romania Equity* 100% 100% Equity* 100% 100%Arval Service Lease SA Spain Full 100% 100% Full 100% 100%Arval Slovakia Slovakia Equity* 100% 100% D1 Full 100% 100%4Changes in the scope of consolidationNew entries (E) in the scope of consolidationE1 Passing qualifying thresholds as defi ned by the Group (cf. note 1.b)E2 IncorporationE3 Purchase or change of controlRemovals (S) from the scope of consolidationS1 Cessation of activity (including dissolution, liquidation)S2 Disposal, loss of control or loss of signifi cant infl uenceS3 Entities removed from the scope because < qualifying thresholds (cf. note 1.b)S4 Merger, Universal transfer of assets and liabilitiesVariance(V) in voting or ownership interestV1 Additional purchaseV2 Partial disposalV3 DilutionV4 Increase in %Equity * Simplifi ed consolidation by the equity method (non-material entities) (cf. note 1.b)MiscellaneousD1 Consolidation method change not related to fl uctuation in voting or ownership interestD2 111 Construction-Sale Companies (Real Estate programs) of which 103 fully and 8 proportionally consolidatedD3 The Klé pierre g roup was fully consolidated until 14 March 2012, then, following the partial disposal of the interest of BNPParibas Group, the Klé pierre g roup has been consolidated under the equity method (cf. note 8.d.)Prudential scope of consolidation(1) French subsidiaries whose regulatory supervision falls within the scope of the consolidated Group, in accordance witharticle 4.1 of CRBF regulation 2000.03.(2) Entities excluded from prudential scope of consolidation(3) Entities consolidated under the equity method for prudential purposes .2012 Registration document and annual financial report - BNP PARIBAS 187
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2012REGISTRATION DOCUMENTAND ANNUAL
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2012 Registration documentand annua
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1GROUP PRESENTATION1.1 Group presen
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GROUP PRESENTATIONPresentation of a
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1GROUPPRESENTATIONBNP Paribas and i
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1GROUPPRESENTATION1282012 Registrat
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2CORPORATEGOVERNANCEBoard of Direct
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2CORPORATEGOVERNANCEReport of the C
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2CORPORATEGOVERNANCEExecutive Commi
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32012REVIEW OF OPERATIONSBNP Pariba
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32012REVIEW OF OPERATIONSCore busin
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32012REVIEW OF OPERATIONSBalance sh
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32012REVIEW OF OPERATIONSProfit and
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32012REVIEW OF OPERATIONSProfit and
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32012REVIEW OF OPERATIONSOutlook3.6
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32012REVIEW OF OPERATIONSLiquidity
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4CONSOLIDATEDFINANCIAL STATEMENTS -
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5RISKSAND CAPITAL ADEQUACYCapital m
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5RISKSAND CAPITAL ADEQUACYRisk mana
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5RISKSAND CAPITAL ADEQUACYCredit ri
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5RISKSAND CAPITAL ADEQUACYSecuritis
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5RISKSAND CAPITAL ADEQUACYCounterpa
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5RISKSAND CAPITAL ADEQUACYSovereign
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5RISKSAND CAPITAL ADEQUACYSovereign
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5RISKSAND CAPITAL ADEQUACYLiquidity
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5RISKSAND CAPITAL ADEQUACYOperation
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5RISKSAND CAPITAL ADEQUACYComplianc
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5RISKSAND CAPITAL ADEQUACYInsurance
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5RISKSAND CAPITAL ADEQUACYInsurance
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5RISKSAND CAPITAL ADEQUACYAppendice
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5RISKSAND CAPITAL ADEQUACYAppendix
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6INFORMATIONON THE PARENT COMPANY F
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7ARESPONSIBLE BANK: INFORMATION ON
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8GENERALINFORMATIONDocuments on dis
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8GENERALINFORMATIONFounding documen
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8GENERALINFORMATIONStatutory Audito
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8GENERALINFORMATIONStatutory Audito
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9STATUTORYAUDITORSStatutory Auditor
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10PERSON RESPONSIBLE FOR THE REGIST
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11TABLE OF CONCORDANCEHeadings as l
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HEAD OFFICE16, boulevard des Italie
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