2012 Registration document and annual financial report - BNP Paribas

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4CONSOLIDATEDFINANCIAL STATEMENTS - YEAR ENDED 31 DECEMBER 2012Notes to the financial statements419431/12/2012 31/12/2011Voting InterestVoting InterestName Country Method (%) (%) Ref Method (%) (%) RefBNP Paribas VPG Freedom CommunicationsLLCUSA Full - - Full - - E2BNP Paribas VPG Lake Butler LLC USA Full - - Full - - E2BNP Paribas VPG Legacy Cabinets LLC USA Full - - Full - - E2BNP Paribas VPG Mark IV LLC USA Full - - Full - - E2BNP Paribas VPG Master LLC USA Full - - Full - -BNP Paribas VPG MedianewsGroup LLCUSA Full - - Full - - E2BNP Paribas VPG MGM LLC USA Full - - Full - - E2BNP Paribas VPG Modern LuxuryMedia LLCUSA Full - - Full - - E2BNP Paribas VPG Northstar LLC USA Full - - Full - - E2BNP Paribas VPG PCMC LLC USA Full - - Full - - E2BNP Paribas VPG Reader's DigestAssociation LLCUSA Full - - Full - - E2BNP Paribas VPG RHI Holdings LLC USA Full - - Full - - E2BNP Paribas VPG SBX Holdings LLC USA Full - - Full - - E2BNP Paribas VPG SDI Media LLC USA Full - - Full - -BNP Paribas VPG Semgroup LLC USA Full - - Full - -BNP Paribas VPG Titan Outdoor LLC USA Full - - Full - - E2Boug BV Netherlands Full - - Full - -Crossen SARL Luxembourg Full - - E1Compagnie Investissement ItaliensSNCFrance Full - - Full - -Compagnie Investissement Opéra SNC France Full - - Full - -Delphinus Titri 2010 SA Luxembourg S1 Full - -Epsom Funding Ltd. Cayman Islands S2 Full - -Euraussie Finance SARL Luxembourg S3 Full - -Fidex Ltd. UK S3 Full - -Financière des Italiens SAS France Full - - Full - -Financière Paris Haussmann France Full - - Full - -Financière Taitbout France Full - - Full - -Grenache et Cie SNC Luxembourg Full - - Full - -Harewood Financing Limited UK Full - - E3Harewood Investments N°2 à 4 Ltd. UK S3Harewood Investments N°5 Ltd. Cayman Islands Full - - Full - -Harewood Investments N°7 Ltd. Cayman Islands Full - - Full - -Harewood Investment n°8 Ltd. Cayman Islands Full - - Full - - E2Iliad Investments PLC Ireland S3 Full - -Leveraged Finance Europe Capital V BV Netherlands Full - - Full - -Liquidity Ltd. Cayman Islands S3 Full - -Marc Finance Ltd. Cayman Islands Full - - Full - -Méditerranéa France Full - - Full - -Omega Capital Investments PLC Ireland Full - - Full - -Omega Capital Europe PLC Ireland Full - - Full - -Omega Capital Funding Ltd. Ireland Full - - Full - -Optichamps France Full - - Full - -Participations Opéra France Full - - Full - -Reconfi guration BV Netherlands S3 Full (2) - -Renaissance Fund III Japan Equity* - - Equity* - - D1Renaissance Fund IV Japan S1Ribera del Loira Arbitrage Spain Full - - Full - -Royale Neuve I Sarl Luxembourg Full - - Full - -Royale Neuve II Sarl Luxembourg Full - - Full - -Royale Neuve V Sarl Luxembourg S3 Full - -Royale Neuve VI Sarl Luxembourg S3 Full - -Royale Neuve VII Sarl Luxembourg Full - - Full - - E1Royale Neuve Finance SARL Luxembourg S3 Full - -Royale Neuve Investments Sarl Luxembourg S1 Full - -Scaldis Capital (Ireland) Ltd. Ireland Full - - Full (2) - -Scaldis Capital Ltd. Jersey Full - - Full (2) - -2012 Registration document and annual financial report - BNP PARIBAS31/12/2012 31/12/2011Voting InterestVoting InterestName Country Method (%) (%) Ref Method (%) (%) RefScaldis Capital LLC USA Full - - Full (2) - -Smalt (ex-Fortis Bank Reinsurance SA) Luxembourg Full - - Full (3) - - V1Stradios FCP FIS Luxembourg S3 Full - -Sunny Funding Ltd. Cayman Islands S3 Full - -Tender Option Bond Municipal program USA Equity* - - D1 Full - -Thunderbird Investments PLC Ireland S3 Full - -Other ActivitiesPrivate Equity (BNP Paribas Capital)Cobema Belgium Full 100% 100% Full 100% 100%Compagnie Financière Ottomane SA Luxembourg Full 96.9% 96.9% Full 96.9% 96.9%Erbe Belgium Equity 42.5% 42.5% Equity 42.5% 42.5% V2Fortis Private Equity Belgium NV Belgium Full 100% 74.9% Full 100% 74.9%Fortis Private Equity ExpansionBelgium NVBelgium Full 100% 74.9% Full 100% 74.9%Fortis Private Equity France Fund France Full 99.9 % 75.0% Full 99.9 % 75.0%Fortis Private Equity VentureBelgium SABelgium Full 100% 74.9% Full 100% 74.9%Gepeco Belgium Full 100% 100% Full 100% 100%Property companies (property used in operations)Antin Participation 5 France Full 100% 100% Full 100% 100%Ejesur SA Spain Equity* 100% 100% Equity* 100% 100% D1Foncière de la Compagnie BancaireSASFrance S4 Full 100% 100%Noria SAS France S4Société Immobilière MarchéSaint-HonoréFrance Full 99.9 % 99.9 % Full 100% 100%Société d'Etudes Immobilières deConstructions - SeticFrance S4 Full 100% 100%Société Marloise Participations France Full 100% 100% E1Investment companies and other subsidiariesBNL International Investment SA Luxembourg Full 100% 100% Full 100% 100%BNP Paribas Home Loan SFH France Full 100% 100% Full 100% 100%BNP Paribas International BV Netherlands S4BNP Paribas Méditerranée InnovationMorocco& TechnologiesFull 100% 96.7% Full 100% 96.7%BNP Paribas Partners for Innovation(Groupe)France Equity 50.0% 50.0% Equity 50.0% 50.0%BNP Paribas Public Sector SCF France Full (1) 100% 100% Full (1) 100% 100%BNP Paribas SB Re Luxembourg Full (3) 100% 100% Full (3) 100% 100%Compagnie d'Investissements deParis - CIPFrance Full 100% 100% Full 100% 100%Financière BNP Paribas France Full 100% 100% Full 100% 100%Financière du Marché Saint Honoré France Full 100% 100% Full 100% 100%GIE Groupement Auxiliaire de Moyens France Full 100% 100% Full 100% 100%Le Sphinx Assurances Luxembourg SA Luxembourg Equity* 100% 100% Equity* 100% 100%Loft Beck Ltd. Ireland S3Margaret Inc. USA S3Omnium de Gestion et de DéveloppementImmobilier - OGDIFrance Full 100% 100% Full 100% 100%Plagefi n - Placement, Gestion, FinanceLuxembourgHolding SAFull 100% 53.4% Full 100% 53.4%Sagip Belgium Full 100% 100% Full 100% 100%Société Auxiliaire de ConstructionImmobilière - SACIFrance Full 100% 100% Full 100% 100%Société Orbaisienne de Participations France Full 100% 100% Full 100% 100%UCB Bail 2 France Full 100% 100% Full 100% 100%UCB Entreprises France Full (1) 100% 100% Full (1) 100% 100%UCB Locabail immobilier 2 France S3 Equity* 100% 100%Special Purpose EntitiesBNP Paribas Capital Trust LLC 6 USA Full - - Full - -BNP Paribas Capital Preferred LLC 6 USA Full - - Full - -BNP Paribas US Medium Term NotesProgram LLCUSA Full - - Full - -BNP Paribas US Structured MediumTerm Notes LLCUSA Full - - Full - -KlépierreKlépierre SA (Group) France Equity 22.4% 22.3% D3 Full 57.5% 52.0%
CONSOLIDATED FINANCIAL STATEMENTS - YEAR ENDED 31 DECEMBER 2012Notes to the financial statements48.c CHANGE IN THE GROUP’S INTEREST AND MINORITY INTERESTS IN THE CAPITAL ANDRETAINED EARNINGS OF SUBSIDIARIES➤ INTERNAL RESTRUCTURING THAT LED TO A CHANGE IN MINORITY SHAREHOLDERS’ INTEREST IN THE EQUITY OFSUBSIDIARIESIn millions of eurosAttributable toshareholders31 December 2012 31 December 2011Minority interestsAttributable toshareholdersMinority interestsDisposal of Fortis Bank SA b ranches' assets to BNPParibas SA branches on the same territory (7) 7 (37) 37Full disposal of Fortis Capital Corporation and itssubsidiaries to Banexi Holding Corp - - (30) 30Internal disposal of BNP Paribas Leasing Solutions fromBNP Paribas SA to BGL BNP Paribas 18 (18)Other (3) - (13) 13TOTAL 8 (11) (80) 80➤ ACQUISITIONS OF ADDITIONAL INTERESTS AND PARTIAL SALES OF INTERESTS LEADING TO CHANGES IN MINORITYINTERESTS IN THE EQUITY OF SUBSIDIARIES4In millions of eurosAttributable toshareholders31 December 2012 31 December 2011Minority interestsAttributable toshareholdersMinority interestsFauchier (24) (4)In 2010, then 2011, BNP Paribas Investment Partnersbought out minority shareholders interests representing12.5% of the capital, lifting its interest percentage to 100%Findomestic (291) (337)BNP Paribas Personal Finance bought out minorityshareholders interests representing 25% of the capital,lifting its interest percentage to 100%Restructuring in Turkey 23 (129)BNP Paribas restructured its activities in Turkeythen bought a 6% stake in TEB Bank from minorityshareholders, lifting its ownership to 56.99%(see note 8.d)Other (4) (7)TOTAL - (4) (292) (477)In connection with the acquisition of certain entities, the Group hasgranted minority shareholders put options on their holdings at apredetermined price.The total value of these obligations, which are recorded as a reduction inshareholders’ equity, amounted to EUR 133 million at 31 December 2012,compared with EUR 157 million at 31 December 2011.On 19 September 2012, Galeries Lafayette announced its intention toexercise its option to sell its interest in LaSer to BNP Paribas PersonalFinance, in accordance with the shareholders’ agreement entered intowith its co-shareholder. BNP Paribas took due note of this decision. Todate, neither the price nor the timing have been determined.2012 Registration document and annual financial report - BNP PARIBAS 195
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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 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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