FINANCIAL REPORT 2013

31.12.2012

Offsetting effects on financial assets covered by master netting agreement and similar agreements

Other amounts that can be offset under given conditions

Gross amounts of recognised financial liabilities set off in the financial statements

Gross amounts of recognised financial assets before offsetting

Net amounts of financial assets presented in the financial statements

Amounts of other financial instruments received as collateral, including security deposit

Net amount a&er all offsetting effects

Gross amounts of financial liabilities covered by master netting agreement

Type of financial instrument

(in thousands of euros) Derivatives

202 996

0

202 996

120 997

81 999

Reverse repurchase agreements

9 534 968

0

9 534 968

362 203

9 172 765

Securities lent

8 688 000

0

8 688 000

8 688 000

TOTAL FINANCIAL ASSETS SUBJECT TO OFFSETTING

18 425 964

0

18 425 964

120 997

362 203

17 942 764

Offsetting - Financial Liabilities

31.12.2013

Offsetting effects on financial assets covered by master netting agreement and similar agreements

Other amounts that can be offset under given conditions

Gross amounts of recognised financial liabilities before offsetting

Gross amounts of recognised financial assets set off in the financial statements

Net amounts of financial liabilities presented in the financial statements

Amounts of other financial instruments given as guarantee, including security deposits

Net amount a&er all offsetting effects

Gross amounts of financial assets covered by master netting agreement

Type of financial instrument

(in thousands of euros) Derivatives

310 234

310 234

62 922

89 546

157 766

Repurchase agreements

12 513 478

12 513 478

3 908 724

8 604 754

TOTAL FINANCIAL LIABILITIES SUBJECT TO OFFSETTING

12 823 712

0

12 823 712

62 922

3 998 270

8 762 520

31.12.2012

Offsetting effects on financial assets covered by master netting agreement and similar agreements

Other amounts that can be offset under given conditions

Gross amounts of recognised financial liabilities before offsetting

Gross amounts of recognised financial assets set off in the financial statements

Net amounts of financial liabilities presented in the financial statements

Amounts of other financial instruments given as guarantee, including security deposits

Net amount a&er all offsetting effects

Gross amounts of financial assets covered by master netting agreement

Type of financial instrument

(in thousands of euros) Derivatives

508 362

508 362

120 997

248 000

139 365

Repurchase agreements

14 405 348

14 405 348

5 232 261

9 173 087

TOTAL FINANCIAL LIABILITIES SUBJECT TO OFFSETTING

14 913 710

0

14 913 710

120 997

5 480 261

9 312 452

31