2012 Registration document and annual financial report - BNP Paribas

5RISKSAND CAPITAL ADEQUACYCapital management and capital adequacy➤ TABLE 5a: CHANGE IN ELIGIBLE DEBTIn millions of euros31 December2011 New issues RedemptionsPrudentialdiscountOthers31 December2012T1 eligible debt 3,435 0 (1,409) 0 96 2,122T2 eligible debt (1) 13,874 112 (2,610) (993) 172 10,555T3 eligible debt 2,200 (740) 1,460TOTAL ELIGIBLE DEBT 19,509 112 (4,019) (1,733) 268 14,137(1) T2 eligible debts before prudential discount amount to EUR 13,117 million as at 31 December 2012.➤ TABLE 5B: CHANGE IN REGULATORY DEDUCTIONSIn millions of euros 31 December 2011 variation 31 December 2012Goodwill ( 11,783 ) 850 ( 10,933 )of which goodwill on fully and proportionately consolidated entities (1) ( 11,192 ) 786 ( 10,406 )of which goodwill on associates ( 591 ) 64 ( 527 )Intangible assets ( 2,146 ) ( 172 ) ( 2,318 )D eductions of 50% for uneligible items ( 1,653 ) 79 ( 1,574 )of which equity investments in non-consolidated credit or financialinstitutions more than 10%-owned ( 672 ) 171 ( 501 )of which investments in credit or financial institutions more than10%-owned ( 756 ) ( 65 ) ( 821 )5of which subordinated loans to credit or financial institutions more than10%-owned ( 222 ) ( 26 ) ( 248 )Positive equity accounting difference on insurance companies (2) ( 629 ) ( 1,004 ) ( 1,633 )TOTAL ASSETS DEDUCTED FOR PRUDENTIAL PURPOSES ( 16,211 ) ( 247) ( 16,458 )Changes in fair value of available-for-sale financial assets and reclassifiedloans and receivables recognised directly in equity (3) 2,616 ( 3,596 ) ( 980 )Changes in fair value of hedging derivatives recognised directly in equity (4) ( 1,099 ) ( 566 ) ( 1,665 )Revaluation of own debt (5) ( 950 ) 967 17Proposed dividend ( 1,430 ) ( 428 ) ( 1,858 )Non-eligible minority interests ( 733 ) 349 ( 384 )Other ( 261 ) 256 ( 5 )TOTAL OTHER REGULATORY DEDUCTIONS ( 1,857 ) ( 3,018 ) ( 4,875 )TOTAL REGULATORY DEDUCTIONS ( 18,068 ) ( 3,265 ) ( 21,333 )(1) The decline in the amount of goodwill deductions is due mainly to the impairment of BNL goodwill and the loss of control of the Klépierre groupfollowing its partial sale (see note 5.o to the consolidated financial statements).(2) The increase in the positive equity accounting difference on insurance companies is due mainly to the impact of changes in assets and liabilitiesrecognised directly in equity, net income for the year and the 2011 dividend payout.(3) The trend in fair value changes of available-for-sale financial assets and reclassified loans and receivables, which are recognised directly in equity,is due mainly to fixed-income securities.(4) Changes in fair value of derivatives contracted as part of a hedging relationship are excluded from equity.(5) The change in fair value of own debt attributable to the BNP Paribas Group issuer risk is fully deducted .CAPITAL REQUIREMENTS AND RISK -WEIGHTED ASSETSThe Group’s capital requirement is calculated in accordance with the transposition into French law of the EU Directive on capital adequacy for investmentfirms and credit institutions, known as CRD 3 (Decree of 20 February 2007 amended) (1) . A dedicated chapter describes banking book securitisationsexposures.(1) See note 1 section 5.1.2322012 Registration document and annual financial report - BNP PARIBAS