2012 Registration document and annual financial report - BNP Paribas

32012REVIEW OF OPERATIONSBalance sheetCONSOLIDATED SHAREHOLDERS’ EQUITY ATTRIBUTABLE TO THE GROUPConsolidated shareholders’ equity attributable to the BNP Paribas Group(before dividend payout) stood at EUR 85.9 billion at 31 December 2012compared with EUR 75.4 billion at 31 December 2011. The EUR 10.5 billionincrease is attributable to EUR 6.6 billion of net income attributable tothe Group for 2012 and EUR 1.2 billion of capital increases conduct edout in 2012, less a EUR 1.4 billion dividend payout for the 2011 financialyear. The change in assets and liabilities recognised directly in equityamounted to EUR 4.6 billion in 2012, mainly as a result of changes in thevalue of available-for-sale financial assets recognised directly in equity.3OFF-BALANCE SHEET ITEMSFINANCING COMMITMENTSFinancing commitments given to customers consist mostly of documentarycredits and other confirmed letters of credit, and commitments relating torepurchase agreements between the transaction date and the value date.These commitments fell 5% to EUR 215.7 billion at 31 December 2012.Financing commitments given to credit institutions increased 78% toEUR 48.6 billion at 31 December 2012, owing mainly to the rise inrepurchase agreements recognised in financing commitments receivedat the trade date.Financing commitments received consist primarily of stand-by lettersof credit and commitments relating to repurchase agreements.Financing commitments received contracted 1% to EUR 125.8 billion at31 December 2012, down from EUR 126.5 billion a year earlier, reflectingan 11% fall in commitments received from customers to EUR 6 .0 billionat 31 December 2012. The share of commitments received from creditinstitutions remained stable, at EUR 119.7 billion at year-end 2012.GUARANTEE COMMITMENTSGuarantee commitments fell 14% to EUR 91.7 billion at 31 December 2012from EUR 106.1 billion a year earlier. This decrease is mainly attributableto a 12% fall in commitments given to customers to EUR 79.9 billion at31 December 2012, coupled with a 21% decline in commitments given tocredit institutions to EUR 11.8 billion at 31 December 2012.For further information concerning the Group›s financing and guaranteecommitments, see note 6 to the consolidated financial statements.922012 Registration document and annual financial report - BNP PARIBAS