FINANCIAL REPORT 2013

• Additional information

Expected value at the reclassification date Future Cash flows

Effective interest rate (in %)

(in thousands of euros)

Financial assets at fair value through profit or loss reclassified as loans and receivables Available-for-sale financial assets transferred to loans and receivables

211 700

1.9830

TOTAL RECLASSIFIED ASSETS

211 700

1.9830

2.10. FAIR VALUE OF FINANCIAL INSTRUMENTS For financial instruments that are traded in an active market (i.e. prices are quoted and disseminated), the best estimate of fair value is their market price. The amounts herea$er quoted are those estimated at the closing date, they are likely to evolve with the changes of the markets’ conditions or of other factors’ changes. The calculations are the best estimations possible. In the absence of a market and of reliable data, fair value is determined at the closing date using an appropriate method that is consistent with the valuation methods used in financial markets: market value of a comparable instrument, discounted future cash flows, or valuation models. Considering the hypothesis and uncertainties the models contain, the fair values stated might not be materialised at the outcome of the operation. In practice and in business continuity logic, all of the financial instruments couldn’t be subject to an immediate realisation for the values quoted below.

• 2.10.1. Fair value of financial assets and liabilities measured at amortised cost Financial assets recognised at cost and measured at fair value on the balance sheet

Quoted prices in active markets for identical instruments: LEVEL 1

Valuation based on observable data: LEVEL 2

Valuation based on unobservable data: LEVEL 3

Total 31.12.2013

(in thousands of euros)

Financial assets not measured at fair value on balance sheet LOANS AND RECEIVABLES

22 922 436

0

22 922 436

0

Loans and receivables due from credit institutions

19 765 484

0

19 765 484

0

Current accounts and overnight loans

5 572 132

5 572 132

Accounts and term deposits

367 041

367 041

Securities bought under repurchase agreements

7 882 663

7 882 663

Securities not quoted in an active market

5 943 648

5 943 648

Loans and receivables due from customers

3 156 952

0

3 156 952

0

Trade receivables

245

245

Other customer loans

1 207

1 207

Securities bought under repurchase agreements

972 349

972 349

Current accounts in debit

2 183 151

2 183 151

TOTAL FINANCIAL ASSETS OF WHICH FAIR VALUE IS DISCLOSED

22 922 436

0

22 922 436

0

37