FINANCIAL REPORT 2014

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

31.12.2013

Type of financial instrument

Other amounts that can be offset under given conditions

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

Net amounts of financial assets presented in the financial statements

Gross amounts of recognised financial assets before offsetting

Net amount after all offsetting effects

Gross amounts of financial liabilities covered by master netting agreementy

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

(in thousands of euros)

Derivatives

244 032

0

244 032

62 922

181 110

Reverse repurchase agreements

8 855 012

0 8 855 012

250 258 8 604 754

Securities lent

6 003 414

0 6 003 414

6 003 414

TOTAL FINANCIAL ASSETS SUBJECT TO OFFSETTING

15 102 458

0 15 102 458

62 922

250 258 14 789 278

Offsetting - Financial Liabilities

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

31.12.2014

Other amounts that can be offset under given conditions

Type of financial instrument

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

Net amount after all offsetting effects

Gross amounts of financial assets covered by master netting agreement

(in thousands of euros)

security deposits

Derivatives

582 317

582 317

165 614

416 703

Repurchase agreements

11 772 878

11 772 878

4 886 162 6 886 716

TOTAL FINANCIAL LIABILITIES SUBJECT TO OFFSETTING

12 355 195

0 12 355 195

165 614

4 886 162 7 303 419

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

31.12.2013

Other amounts that can be offset under given conditions

Type of financial instrument

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

Net amount after all offsetting effects

Gross amounts of financial assets covered by master netting agreement

(in thousands of euros)

security deposits

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

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