FINANCIAL REPORT 2017

2.7.11. CURRENT AND DEFERRED TAX ASSETS AND LIABILITIES

31.12.2017

31.12.2016

(in thousands of euros)

Current tax Deferred tax

13600

13698

TOTAL CURRENT AND DEFERRED TAX ASSETS

13600

13698

Current tax

33963

11814

Deferred tax

127743

69445

TOTAL CURRENT AND DEFERRED TAX LIABILITIES

161707

81258

Net deferred tax assets and liabilities break down as follows:

31.12.2017

31.12.2016

Deferred tax assets

Deferred tax liabilities

Deferred tax assets

Deferred tax liabilities

(in thousands of euros)

TEMPORARY TIMING DIFFERENCES

16747

13211

15178

4636

Non-deductible accrued expenses

4579

0

4163

0

Non-deductible provisions for liabilities and charges

10105

1358

8921

0

Other temporary differences

2064

11853

2094

4636

DEFERRED TAX/ RESERVES FOR UNREALISED GAINS OR LOSSES

13112

95574

23535

48995

Available-for-sale assets

7856

95272

17780

48707

Gains and losses / Actuarial gains or losses

5256

302

5755

287

DEFERRED TAX/ INCOME

6027

41244

35856

76684

COMPENSATION IMPACT

-22286

-22286

-60871

-60871

TOTAL DEFERRED TAX

13600

127743

13698

69445

2.7.12. ACCRUED INCOME AND EXPENSES AND OTHER ASSETS AND LIABILITIES

2.7.12.1. Accruals, prepayments and sundry assets

31.12.2017

31.12.2016

(in thousands of euros)

OTHER ASSETS

2476534

2325918

2111547

2124810

Miscellaneous debtors

364987

201108

Settlement accounts

ACCRUALS AND DEFERRED INCOME

715585

644809

406306

428493

Items in course of transmission from other banks

32860

3909

Adjustment and suspense accounts

130433

128896

Accrued income

20659

16548

Prepaid expenses

125328

66963

Other accruals and prepayments

NET CARRYING AMOUNT

3192119

2970727

36