FINANCIAL REPORT 2013

Quoted Prices in active market for identical instruments: LEVEL 1

Valuation based on observable data: LEVEL 2

Valuation based on unobservable data: LEVEL 3

Total 31.12.2012

(in thousands of euros)

FINANCIAL ASSETS HELD!FOR!TRADING

203 046

635

202 411

0

Securities held-for-trading

50

50

– Treasury bills and similar securities

50

50

Derivative instruments

202 996

585

202 411

AVAILABLE!FOR!SALE FINANCIAL ASSETS

25 667 821

25 650 458

17 363

0

Treasury bills and similar securities

3 071 997

3 068 555

3 442

Bonds and other fixed income securities

22 587 791

22 581 615

6 176

Equities and other variable- income securities

8 033

288

7 745

HEDGING DERIVATIVE INSTRUMENTS

0

0

0

0

TOTAL FINANCIAL ASSETS MEASURED AT FAIR VALUE

25 870 867

25 651 093

219 774

0

Financial liabilities measured at fair value

Quoted Prices in active market 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 LIABILITIES HELD FOR TRADING

255 897

0

255 897

0

Derivative instruments

255 897

255 897

HEDGING DERIVATIVE INSTRUMENTS

54 406

0

54 406

0

TOTAL FINANCIAL LIABILITIES MEASURED AT FAIR VALUE

310 303

0

310 303

0

Quoted Prices in active market for identical instruments: LEVEL 1

Valuation based on observable data: LEVEL 2

Valuation based on unobservable data: LEVEL 3

Total 31.12.2012

(in thousands of euros)

FINANCIAL LIABILITIES HELD FOR TRADING

209806

0

209806

0

Derivative instruments

209806

209806

HEDGING DERIVATIVE INSTRUMENTS

298560

0

298560

0

TOTAL FINANCIAL LIABILITIES MEASURED AT FAIR VALUE

508366

0

508366

0

39