FINANCIAL REPORT 2015

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

31.12.2014 Restated (1)

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

505 291

0

505 291

165 614

339 677

Reverse repurchase agreements

6 886 828

0 6 886 828

112 6 886 716

Securities lent

4 737 258

0 4 737 258

4 737 258

TOTAL FINANCIAL ASSETS SUBJECT TO OFFSETTING

12 129 377

0 12 129 377

165 614

112 11 963 651

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

Offsetting - Financial Liabilities

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

31.12.2015

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

432 120

432 120

249 655

76 090 106 375

Repurchase agreements

7 635 042

7 635 042

1 228 668 6 406 374

TOTAL FINANCIAL LIABILITIES SUBJECT TO OFFSETTING

8 067 162

0 8 067 162

249 655

1 304 758 6 512 749

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

31.12.2014 Restated (1)

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

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

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