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

NOTE 37GAINS (LOSSES) ON DISPOSALS OF LONG-TERM INVESTMENTSAND CHANGES IN PROVISIONSIn millions of euros 2004 2003 2002Debt securities held to maturityDisposal gains 5 106 7Disposal losses (4) (3) -Deductions from provisions 1 1 -Net gains on disposals of debt securities held tomaturity and changes in provisions 2 104 7Equity securities held for long-term investmentDisposal gains 834 790 1 147Disposal losses (285) (248) (73)Additions to provisions (131) (261) (396)Deductions from provisions 331 243 219Net gains on disposals of equity securities heldfor long-term investment and changes in provisions 749 524 897Investments in non-consolidated undertakingsand other participating interestsDisposal gains 234 337 187Disposal losses (252) (501) (109)Additions to provisions (115) (201) (233)Deductions from provisions 259 416 147Net gains (losses) on disposals of investments in non-consolidatedundertakings and other participating interests and changes in provisions 126 51 (8)Deduction from provisions for industry risks - 218 -Operating assets- Disposal gains 24 53 11- Disposal losses (58) (38) (4)Net (losses) gains on disposals of operating assets (34) 15 7Total net gains on disposals of long-term investmentsand changes in provisions 843 912 903As mentioned in note 1 concerning Accounting Policies,the BNP Paribas Group has changed the method used torecognise in the profit and loss account revenues related topayouts made by funds. The impact of this changein the method used to record fund payouts resulted in therecognition of EUR 167 million in net gains on long-terminvestments, including EUR 100 million in revenues receivedon prior periods.262BNP PARIBAS - ANNUAL REPORT 2004