Bnp Analysis

CONSOLIDATED FINANCIAL STATEMENTS (AUDITED)

Year ended 31 December 2010

Consolidated financial statements at 31 December 2010

CONTENTS

CONSOLIDATED FINANCIAL STATEMENTS PROFIT AND LOSS ACCOUNT FOR THE YEAR ENDED 31 DECEMBER 2010 4 STATEMENT OF NET INCOME AND CHANGES IN ASSETS AND LIABILITIES RECOGNISED DIRECTLY IN EQUITY 5 BALANCE SHEET AT 31 DECEMBER 2010 6 CASH FLOWS STATEMENT FOR THE YEAR ENDED 31 DECEMBER 2010 7 STATEMENT OF CHANGES IN SHAREHOLDERS’EQUITY BETWEEN 1 JAN. 2009 AND 31 DEC. 2010 8 NOTES TO THE FINANCIAL STATEMENTS 1. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES APPLIED BY THE BNP PARIBAS GROUP 1.a Applicable accounting standards 1.b Consolidation 1.c Financial assets and financial liabilities 1.d Accounting standards specific to insurance business 1.e Property, plant, equipment and intangible assets 1.f Leases 1.g Non-current assets held for sale and discontinued operations 1.h Employee benefits 1.i Share-based payment 1.j Provisions recorded under liabilities 1.k Current and deferred taxes 1.l Cash flows statement 1.m Use of estimates in the preparation of the Financial Statements NOTES TO THE PROFIT AND LOSS ACCOUNT FOR THE YEAR ENDED 31 DECEMBER 2010 2.a Net interest income 2.b Commission income and expense 2.c Net gain/loss on financial instruments at fair value through profit or loss 2.d Net gain/loss on available-for-sale financial assets and other financial assets not measured at fair value 2.e Net income from other activities 2.f Cost of risk 2.g Corporate income tax SEGMENT INFORMATION RISK MANAGEMENT AND CAPITAL ADEQUACY 4.a Risk management organisation 4.b Risk categories 4.c Risk management and capital adequacy 4.d Credit and counterparty risk 4.e Market risk 4.f Operational risk 4.g Compliance and reputation risks 4.h Liquidity and refinancing risk 4.i Insurance risks NOTES TO THE BALANCE SHEET AT 31 DECEMBER 2010 5.a Financial assets, financial liabilities and derivatives at fair value through profit or loss 5.b Derivatives...