2012 Registration document and annual financial report - BNP Paribas

2012 REVIEW OF OPERATIONSRecent events3NET GAIN ON NON-CURRENT ASSETSThis line item includes net realised gains and losses on sales of property,plant, equipment, and intangible assets used in operations, and on salesof investments in consolidated undertakings still included in the scopeof consolidation at the time of sale. The net gain on non-current assetsincreased from EUR 206 million in 2011 to EUR 1,792 million in 2012,including the gain on the sale of a 28.7% interest in Klépierre SA forEUR 1.7 billion.CHANGE IN VALUE OF GOODWILLThe change in the value of goodwill amounted to a negativeEUR 490 million in 2012 compared with a negative EUR 106 million in2011, including a negative EUR 298 million adjustment in the goodwillof BNL Banca Commerciale due to the anticipated increase in capitalrequirements by the Bank of Italy.INCOME TAX EXPENSEThe Group’s income tax expense for 2012 totalled EUR 3,059 million, upfrom EUR 2,757 million in 2011.MINORITY INTERESTSThe share of earnings attributable to minority interests in consolidatedcompanies fell to EUR 760 million in 2012 from EUR 844 million in 2011,mainly due to the loss of control over the Klépierre group, which is nowconsolidated under the equity method.33.5 Recent eventsPRODUCTS AND SERVICESBNP Paribas regularly introduces new products and services for its customers. More information is available on the Group’s websites, including in thepress releases available at www.invest.bnpparibas.com.ACQUISITIONS AND PARTNERSHIPSNo significant acquisition or partnership events have occurred since the third update to the 2011 Registration document was issued on 9 November 2012.2012 Registration document and annual financial report - BNP PARIBAS 97