2018 Registration document and annual fi nancial report - BNP PARIBAS 233
4CONSOLIDATED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2018
4
Notes to the fi nancial statements
5.r TRANSFERS OF FINANCIAL ASSETS Financial assets that have been transferred but not derecognised by the Group are mainly composed of securities sold temporarily under repurchase agreements or securities lending transactions, as well as securitised assets. The liabilities associated to securities temporarily sold under repurchase agreements consist of debts recognised under the repurchase agreements heading. The liabilities associated to securitised assets consist of the securitisation notes purchased by third parties.
➤ SECURITIES LENDING, REPURCHASE AGREEMENTS AND OTHER TRANSACTIONS:
In millions of euros, at
31 December 2018 IFRS 9 & IFRS 15
1 January 2018 IFRS 9 & IFRS 15
Carrying amount of transferred assets
Carrying amount of associated
liabilities Carrying amount of transferred assets
Carrying amount of associated
liabilities
Securities lending operations
Financial instruments at fair value through profi t or loss 6,838 - 4,738 -
Financial assets at amortised cost 801 - 801 -
Financial assets at fair value through equity 25 - 71 -
Repurchase agreements
Financial instruments at fair value through profi t or loss 34,871 34,699 28,658 27,930
Financial assets at amortised cost 627 624 2,371 2,371
Financial assets at fair value through equity 1,766 1,766 2,759 2,754
Financial investments of insurance activities 5,979 5,855 4,080 4,080
TOTAL 50,907 42,944 43,478 37,135
➤ SECURITISATION TRANSACTIONS PARTIALLY REFINANCED BY EXTERNAL INVESTORS, WHOSE RECOURSE IS LIMITED TO THE TRANSFERRED ASSETS:
In millions of euros, at 31 December 2018 IFRS 9 & IFRS 15
Carrying amount of transferred assets
Carrying amount of associated
liabilities Fair value of
transferred assets
Fair value of associated
liabilities Net position
Securitisation
Financial instruments at fair value through profi t or loss 163 163 163 163 -
Financial assets at amortised cost 14,050 12,913 14,227 12,916 1,311
Financial assets at fair value through equity
21 21 21 21 -
TOTAL 14,234 13,097 14,411 13,100 1,311
In millions of euros, at 1 January 2018 IFRS 9 & IFRS 15
Carrying amount of transferred assets
Carrying amount of associated
liabilities Fair value of
transferred assets
Fair value of associated
liabilities Net position
Securitisation
Financial instruments at fair value through profi t or loss 186 186 186 186 -
Financial assets at amortised cost 16,602 15,746 17,052 15,820 1,232
Financial assets at fair value through equity
23 23 23 23 -
TOTAL 16,811 15,955 17,261 16,029 1,232
There have been no signifi cant transfers leading to partial or full derecognition of the fi nancial assets where the Bank has a continuing involvement in them.
