2012 Registration document and annual financial report - BNP Paribas

INFORMATION ON THE PARENT COMPANY FINANCIAL STATEMENTSNotes to the parent company financial statements67.b STATEMENT OF CHANGES IN SHAREHOLDERS’ EQUITY FROM 31 DECEMBER 2010TO 31 DECEMBER 2012In millions of eurosShare capitalAdditionalpaid-incapitalRetained earningsand net income forthe periodTotal shareholders'equitySHAREHOLDERS' EQUITY AT 31 DECEMBER 2010 2, 397 21, 850 28, 523 52, 770Dividend payout for 2010 (2, 521) (2, 521)Capital increases 18 375 2 395Other changes 2 2Net income for 2011 3, 466 3, 466SHAREHOLDERS' EQUITY AT 31 DECEMBER 2011 2, 415 22, 225 29, 472 54, 112Dividend payout for 2011 83 941 (1, 430) (406)Capital increases 11 112 7 130Capital reductions (by cancellation of shares) (24) (354) (378)Other changes (52) (52)Net income for 2012 5, 812 5, 812SHAREHOLDERS' EQUITY AT 31 DECEMBER 2012 2, 485 22, 924 33, 809 59, 2187.c NOTIONAL AMOUNTS OF FORWARD FINANCIAL INSTRUMENTSThe notional amounts of derivative instruments are merely an indication of the volume of BNP Paribas SA’s activities in financial instrument markets,and do not reflect the market risks associated with such instruments.Trading portfolioIn millions of euros, at 31 December 2012 31 December 2011Currency derivatives 2, 249, 553 2, 179, 487Interest rate derivatives 42, 236, 269 39, 870, 124Credit derivatives 1, 253, 646 1, 749, 540Equity derivatives 2, 142, 608 2, 331, 624Other derivatives 75, 533 87, 802TOTAL FORWARD FINANCIAL INSTRUMENTS IN THE TRADING PORTFOLIO 47, 957, 609 46, 218, 5776Financial instruments traded on organised markets accounted for 58%of the Bank’s derivatives transactions at 31 December 2012 (vs. 47% at31 December 2011).Hedging strategyThe total notional amount of derivatives used for hedging purposesstood at EUR 695, 910 million at 31 December 2012, compared withEUR 695, 497 million at 31 December 2011.Derivatives used for hedging purposes are primarily contracted on overthe-counter markets.Market valueThe market value of the Bank’s negative net position on firm transactionswas approximately EUR 6, 000 million at 31 December 2012, comparedwith a negative net position of EUR 4, 950 million at 31 December2011. The market value of the Bank’s net long position on options wasapproximately EUR 6, 450 million at 31 December 2012, compared withEUR 5, 000 million at 31 December 2011.2012 Registration document and annual financial report - BNP PARIBAS 365