2012 Registration document and annual financial report - BNP Paribas

INFORMATION ON THE PARENT COMPANY FINANCIAL STATEMENTSNotes to the parent company financial statements64.d TREASURY SHARESIn millions of euros, atGross valueamount31 December 2012 31 December 2011Net carryingamountNet carryingamountTrading account securities 6 6 7Securities available for sale 96 96 110Investment in subsidiaries 62 62 439TOTAL TREASURY SHARES 164 164 556The fifth resolution of the Shareholders’ General Meeting of 23 May2012, which replaced the fifth resolution of the Shareholders’ GeneralMeeting of 11 May 2011, authorised BNP Paribas SA to buy back sharesrepresenting up to 10% of the Bank’s issued capital at a maximumpurchase price of EUR 60 per share (EUR 75 previously). The sharescould be acquired for the following purposes: for subsequent cancellationin accordance with conditions set by the Shareholders’ General Meetingof 23 May 2012; to fulfil the Bank’s obligations relative to the issue ofshares or share equivalents, for stock option plans, for share awards, orfor granting or selling shares to employees under an employee profitsharingplan, employee share ownership plan or corporate savings planand to cover any type of share award to the employees of BNP Paribasand companies controlled exclusively by BNP Paribas within the meaningof article L.233-16 of the French Commercial Code; to be held in treasuryfor subsequent remittance in exchange or payment for acquisitions,mergers, spin-offs or asset transfers; within the scope of a market-makingagreement compliant with the Code of Ethics recognised by the AMF; orfor asset and financial management purposes.This authorisation was granted for a period of 18 months.At 31 December 2012, BNP Paribas SA held 994, 518 treasury sharesclassified as “equity securities held for long-term investment” andintended to be cancelled.As of 31 December 2012, BNP Paribas SA held 2, 324, 117 treasury sharesclassified as “securities available for sale” and intended to be used forshare awards to Group employees, granted or sold as part of an employeeprofit-sharing plan, employee share ownership plan, or Company SavingsPlan.Under the Bank’s market-making agreement with Exane BNP Paribasrelating to BNP Paribas shares in the Italian market, BNP Paribas SAowned 149, 832 BNP Paribas shares classified as trading account securitiesat 31 December 2012. This market-making agreement is consistent withthe Code of Ethics recognised by the AMF.4.e LONG-TERM INVESTMENTSIn millions of euros1 jan. 2012 PurchasesGross valueDisposalsand Transfersredemptionsand othermovementsOther31 Dec.2012 1 jan. 2012 AdditionsmovementsWrite-backProvisions31 Dec.201231 Dec.2012CarryingamountDebt securities held tomaturity (note 4.c) 6, 776 21 (3, 696) 30 3, 131 1, 962 84 (1, 986) (3) 57 3, 074 4, 814Investments insubsidiaries and equitysecurities held forlong-term investment(note 4.c) 6, 374 99 (1, 179) 659 5, 953 1, 517 81 (514) 1, 084 4, 869 4, 857A ffiliates (note 4.c) 55, 599 3, 726 (1, 782) (316) 57, 227 1, 901 288 (117) (2) 2, 070 55, 157 53, 698Treasury shares(note 4.d) 439 (377) 62 62 439TOTAL LONG-TERMINVESTMENTS 69, 188 3, 846 (7, 034) 373 66, 373 5, 380 453 (2, 617) (5) 3, 211 63, 162 63, 80831 Dec.201162012 Registration document and annual financial report - BNP PARIBAS 349