FINANCIAL REPORT 2015

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

31.12.2014 Restated (1)

(in thousands of euros)

31.12.2015

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 instruments (excluding gains or losses on hedges of net investments in foreign operations)

-556

-1 080

49 129

34 616

Gains or losses from hedge accounting

1

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

48 574

33 536

(1) Restated amounts compared with the financial statements published in 2014, following the application of IFRIC 21

Analysis of net gains (losses) from hedge accounting

31.12.2015

(in thousands of euros)

Gains

Losses

Net

FAIR VALUE HEDGES

2 106

-2 105

1

Change in fair value of hedged items attributable to hedged risks

-12 380

-9 341

-21 721

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

14 486

7 236

21 722

10 027

-10 027

0

Change in fair value of hedged items

515

-9 512

-8 997

Change in fair value of hedging derivatives

9 512

-515

8 997

TOTAL GAINS OR LOSSES FROM HEDGE ACCOUNTING

12 133

-12 132

1

31.12.2014 Restated (1)

(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

(1) Restated amounts compared with the financial statements published in 2014, following the application of IFRIC 21

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

(in thousands of euros)

31.12.2015

31.12.2014 Restated (1)

Dividends received

229

231

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

17 896

13 322

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

18 125

13 480

(1) Restated amounts compared with the financial statements published in 2014, following the application of IFRIC 21

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