FINANCIAL REPORT 2017

31.12.2016 Base Tax rate

(in thousands of euros)

Tax

Income before tax, goodwill impairment, discontinued operations and share of profit in equity-accounted entities

157100 34.43% -54089

Impact of permanent differences

3632

Impact of different tax rates on foreign subsidiaries

3929

Impact of losses of the year, utilisation of tax loss carryforwards and temporary differences

-3835

Impact of reduced tax rate

11597

Impact of other items

135

EFFECTIVE TAX RATE AND TAX EXPENSE

24.59% -38632

2.7. NOTES TOTHE BALANCE SHEET 2.7.1. CASH DUE FROM CENTRAL BANKS

31.12.2017

31.12.2016

(in thousands of euros)

Assets

Liabilities

Assets

Liabilities

Cash

4

2

Central Banks (1)

1334421

245633

1812033

643981

CARRYING AMOUNT

1334425

245633

1812035

643981

(1) Accrued interest included

2.7.2. FINANCIAL ASSETS AND LIABILITIES AT FAIR VALUE THROUGH PROFIT OR LOSS

Financial assets at fair value through profit or loss

31.12.2017

31.12.2016

(in thousands of euros)

Financial assets held for trading

259643

404847

CARRYING AMOUNT

259643

404847

Financial assets held for trading

31.12.2017

31.12.2016

(in thousands of euros)

SECURITIES HELD FOR TRADING - Treasury bill and similar securities DERIVATIVES INSTRUMENTS

0

0

259643 259643

404847 404847

CARRYING AMOUNT

Financial liabilities at fair value through profit or loss

31.12.2017

31.12.2016

(in thousands of euros)

Financial liabilities held for trading

289125

404354

CARRYING AMOUNT

289125

404354

29