La banque d'un monde qui change 2004 - BNP Paribas

Consolidated FInancial statementsIN 2004Newly-consolidated companies*Fully-consolidated companies Proportionally- Companies accounted forconsolidated companiesby the equity methodAcquisitionsNewly-createdentities andother companiesmeeting thecriteria forconsolidation forthe first time54 Lombard Street Investments Ltd (United Kingdom), Arma Beheer BV (Netherlands), ArmaBelgique, Arma Nederland, Atis Real Expertise, Atis Real International – Group, Bougainville BV(Netherlands), FG Ingénierie et Promotion Immobilière - FGIPKlépierre subsidiaries: CG Collegno (Italy), GC Seravalle (Italy), Centre Duna (Hungary),Centre Nyiregyhaza (Hungary), Centre Szeged (Hungary), Centre Szolnok (Hungary), CentreZalaegerszeg (Hungary), Holding Csepel 2002 Kft (Hungary), Holding Debrecen 2002 Kft(Hungary), Holding Gyor 2002 Kft (Hungary), Holding Kanizsa 2002 Kft (Hungary), HoldingKaposvar 2002 Kft (Hungary), Holding Miskolc 2002 Kft (Hungary), Holding Uj Alba Kft(Hungary), SAS Klépierre Hungary, SCI Aurora, SCI Noble Cafétaria, SCI Noble Galerie, SCI NobleRestauration, SCI OrengalArtegy Ltd (United Kingdom), BNP Paribas (New Zealand) Finance Ltd, BNP Paribas El Djazair(Algeria), BNP Paribas Invest Immo, BNP Paribas Peregrine Group, Darnell Ltd (Ireland),European Hedged Equity Ltd (Cayman Islands), GAM, Global Guaranteed Equity Ltd (CaymanIslands), Global Protected Alternative Investments Ltd (Cayman Islands), Global ProtectedEquity Ltd (Cayman Islands), Harewood Investments no. 1 Ltd (United Kingdom), LaffiteParticipation 2, Lock-In Global Equity Ltd (Cayman Islands), Norrsken Finance, Parifergie, SCIRueil Caudron, Singapore Emma Finance 2 SAS, Société Auxiliaire de Construction Immobilière- SACI, UCB Hypotheken (Netherlands), Utexam Ltd (Ireland)Klépierre subsidiaries: Klépierre Vallecas (Italy), SNC Klétransactions, SAS Toulouse Mermoz,SCI Bègles PapinCompanies excluded from the scope of consolidationKlépierre subsidiaries:Effe Kappa SRL (Italy)Plaza Centers Management (Hungary)BNP Paribas Partnersfor Innovation, VernerInvestissements - GroupKlépierre subsidiary: GalieraComerciale Assago (Italy)Fully-consolidated companies Proportionally- Companies accounted forconsolidated companiesby the equity methodDisposalsMergersCompanies nolonger meetingthe criteria forconsolidationand discontinuedoperationsBNP Paribas Gestion Épargne Salariale (merged with BNP Paribas Asset ManagementSAS), Catesienne de Participation (merged with SFA), Compagnie d’EntreprisesIndustrielles et Commerciales, Sagal and NHG Guyomarc’h (merged with Société Centraled’Investissement), Consors International Holding GmbH (Germany) (merged with CortalConsors German branch), Credial (merged with Crédit Moderne Antilles), Evergo Finanzaria(Italy) (merged with BNP Paribas Lease Groupe Spa), Services et Prêts Immobiliers (France)(merged with UCB), Socappa (merged with BNP Paribas Lease Group)Klépierre subsidiaries: Cinneo and Vignate (Italy) (merged with Novate Sarl), SAS Louis David(merged with SAS Suffren Paris 15), Segecar (merged with Ségécé), SCI 8 rue du Sentier,SAS Oise Cergy and SCI Chaptal Alun (merged with Klépierre)BNP Paribas Equities Group Australia Ltd, BNP Paribas Equities Hong Kong, BNP ParibasEquities Italia SIM Spa, BNP Paribas Guernesey Ltd, BNP Paribas Peregrine InvestmentLtd (Hong Kong), BNP Paribas Peregrine Ltd (Malaysia), BNP Paribas Securities AustraliaLtd, Cardif Seguros de Vida (Chile), Compania de Seguros de Vida (Argentina), EuropeanReinsurance (United Kingdom), Filip Partnership (United Kingdom), Great Central RailwayLand (United Kingdom), SA Leval 3, UCB Group Ltd (United Kingdom)Klépierre subsidiaries: Belarcol (Belgium), Zobel Investment BV (Netherlands)Cobepa subsidiaries: Amparzo (Netherlands), Cobepa International (Netherlands),Compagnie de Participations Internationales SA (Luxembourg), Holnor (Netherlands),IIM (Netherlands), Ilmaco (Belgium), Libelux (Luxembourg)Changes in consolidation methodAntariusCobepa subsidiary: Bogerco (Belgium)Axa Re-finance, BNP ParibasPrivate Banking JapanCortal Consors España SV(merged with Cortal ConsorsSpanish branch)BNP Paribas Peregrine FuturesLtd (Hong Kong), Cetelem CapitalCompany Ltd (Korea), CortalBelgiqueState Bank of India Life InsuranceCompany LtdFully consolidated companies previously accounted for Fully consolidated companies Proportionally consolidatedby the equity method previously proportionally companies previouslyconsolidatedfully consolidatedChange in percentinterestCompliancewith GroupstandardsCetelem Brésil, Cetelem Polska Expansion (Poland), PT BNP Paribas Peregrine (Indonesia)Halifax Cetelem (United Kingdom)Klépierre subsidiary: Centro ShoppingGestion (Italy)Compagnie Belge de Participations Paribas - CobepaCobepa subsidiaries: Cippar (Belgium), CobepaFinance (Luxembourg), Compagnie de ParticipationsInternationales NV (Netherlands), Copabel SA(Belgium), Groupe Financier Liegeois (Belgium),Ibel (Belgium), Mascagni (Belgium), ParibasDeelnemingen NV (Netherlands), Regio Invest OntwikMaats (Belgium), SA Mosane (Belgium), SociétéFinancière et de Réalisation (Belgium), Tradexco SA(Belgium), Ulran (Luxembourg)* Abbey National France, Bank Von Ernst and Société Monégasque de Banque Privée could not be consolidated for the financial statements at 31 December 2004 as they were acquired at the end ofthe year and do not currently comply with the BNP Paribas Group consolidation standards. However, the consolidation of these companies would not have had a material impact on the Group’s results,shareholders’ equity or total assets.211BNP PARIBAS - ANNUAL REPORT 2004