FINANCIAL REPORT 2014

2.6.3. NET GAINS (LOSSES) ON FINANCIAL INSTRUMENTS AT FAIR VALUE THROUGH PROFIT OR LOSS

(in thousands of euros)

31.12.2014

31.12.2013

Unrealised or realised gains or losses on assets/liabilities at fair value through profit or loss classified as held for trading Net gains (losses) on foreign exchange transactions and similar financial instru- ments (excluding gains or losses on hedges of net investments in foreign operations)

-1 080

-34

34 616

36 241

Gains or losses from hedge accounting

-1

NET GAINS (LOSSES) ON FINANCIAL INSTRUMENTS AT FAIR VALUE THROUGH PROFIT OR LOSS

33 536

36 206

Analysis of net gains (losses) from hedge accounting

31.12.2014

(in thousands of euros)

Gains

Losses

Net

FAIR VALUE HEDGES

57 563

-57 563

0

Change in fair value of hedged items attributable to hedged risks

57 563

-570

56 993

Change in fair value of hedging derivatives (including sales of hedges) FAIR VALUE HEDGE OF THE INTEREST RATE EXPOSURE OF A PORTFOLIO OF FINANCIAL INSTRUMENTS

-56 993

-56 993

407

-407

0

Change in fair value of hedged items

-407

-407

Change in fair value of hedging derivatives

407

407

TOTAL GAINS OR LOSSES FROM HEDGE ACCOUNTING

57 970

-57 970

0

31.12.2014

(in thousands of euros)

Gains

Losses

Net

FAIR VALUE HEDGES

267 291

-267 292

-1

Change in fair value of hedged items attributable to hedged risks

25 250

-267 292

-242 042

Change in fair value of hedging derivatives (including sales of hedges)

242 041

242 041

TOTAL GAINS OR LOSSES FROM HEDGE ACCOUNTING

267 291

-267 292

-1

2.6.4. NET GAINS (LOSSES) ON AVAILABLE-FOR-SALE FINANCIAL ASSETS

(in thousands of euros)

31.12.2014

31.12.2013

Dividends received

231

210

Realised gains or losses on available-for-sale financial assets

13 322

11 965

Disposal gain or loss on financial assets held to maturity and loans and receivables

-73

NET GAINS OR LOSSES ON AVAILABLE-FOR-SALE FINANCIAL ASSETS

13 480

12 175

2.6.5. INCOME AND EXPENSE ON OTHER ACTIVITIES

(in thousands of euros)

31.12.2014

31.12.2013

Other net income (expense)

-13 047

-4 178

INCOME (EXPENSE) RELATED TO OTHER ACTIVITIES

-13 047

-4 178

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