2018 Registration document and annual fi nancial report - BNP PARIBAS182

4 CONSOLIDATED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2018

4

Notes to the fi nancial statements

2.b IMPACTS OF THE ADOPTION OF IFRS 9 AND IFRS 15

➤ SYNTHESIS OF IFRS 9 AND IFRS 15 FIRST TIME ADOPTION IMPACTS ON THE BALANCE SHEET AS AT 1 JANUARY 2018

In millions of euros

31 December 2017 IAS 39

revised presentation

Impacts of the IFRS 9 adoption Impacts of the IFRS 15

adoption

1 January 2018

IFRS 9 & IFRS 15

Reclassi- fi cations

Remeasurements

Phase 1 Phase 2 ASSETS Cash and balances at central banks 178,446 (13) 178,433 Financial instruments at fair value through profi t or loss

Securities 122,964 7,353 9 130,326 Loans and repurchase agreements 143,988 980 (20) 144,948 Derivative fi nancial instruments 229,897 (1) 229,896

Derivatives used for hedging purposes 13,723 (2) 13,721 Financial assets at fair value through equity

Debt securities 110,881 (57,008) 91 (22) 53,942 Equity securities 6,928 (4,598) 2,330

Financial assets at amortised cost Loans and advances to credit institutions 20,405 (49) 20,356 Loans and advances to customers 735,013 (980) (2,857) 731,176 Debt securities 15,378 54,256 (172) (36) 69,426

Remeasurement adjustment on interest-rate risk hedged portfolios 3,064 3,064 Financial investments of insurance activities 227,712 227,712 Current and deferred tax assets 6,568 30 754 16 7,368 Accrued income and other assets 92,875 (12) 98 92,961 Equity-method investments 6,426 (62) (143) 6,221 Property, plant and equipment and investment property 25,000 25,000 Intangible assets 3,327 3,327 Goodwill 9,571 9,571 TOTAL ASSETS 1,952,166 - (124) (2,378) 114 1,949,778 LIABILITIES Deposits from central banks 1,471 1,471 Financial instruments at fair value through profi t or loss

Securities 67,087 67,087 Deposits and repurchase agreements 174,645 174,645 Issued debt securities 50,490 50,490 Derivative fi nancial instruments 227,644 227,644

Derivatives used for hedging purposes 15,682 15,682 Financial liabilities at amortised cost

Deposits from credit institutions 76,503 76,503 Deposits from customers 760,941 760,941 Debt securities 148,156 148,156 Subordinated debt 15,951 15,951

Remeasurement adjustment on interest-rate risk hedged portfolios 2,372 2,372 Current and deferred tax liabilities 2,466 5 (245) 8 2,234 Accrued income and other assets 79,994 478 80,472 Technical reserves and other insurance liabilities 210,494 210,494 Provisions for contingencies and charges 11,061 371 (348) 11,084 TOTAL LIABILITIES 1,844,957 - 5 126 138 1,845,226 EQUITY Share capital, additional paid-in capital and retained earnings 91,026 1,308 (12) (2,418) (24) 89,880 Net income for the period attributable to shareholders 7,759 7,759 Total capital, retained earnings and net income for the period attributable to shareholders 98,785 1,308 (12) (2,418) (24) 97,639 Changes in assets and liabilities recognised directly in equity that will not be reclassifi ed to profi t or loss 68 238 306 Changes in assets and liabilities recognised directly in equity that may be reclassifi ed to profi t or loss 3,130 (1,546) (103) 1,481 Shareholders equity 101,983 - (115) (2,418) (24) 99,426 Retained earnings and net income for the period attributable to minority interests 5,382 18 1 (86) 5,315 Changes in assets and liabilities recognised directly in equity that will not be reclassifi ed to profi t or loss (30) 3 (27) Changes in assets and liabilities recognised directly in equity that may be reclassifi ed to profi t or loss (126) (21) (15) (162) Minority interests 5,226 - (14) (86) - 5,126 TOTAL EQUITY 107,209 - (129) (2,504) (24) 104,552 TOTAL LIABILITIES AND EQUITY 1,952,166 - (124) (2,378) 114 1,949,778