2007 REGISTRATION DOCUMENT

Contents >15 CONSOLIDATED FINANCIAL STATEMENTS235.1 Profit and loss account for the year ended 31 December 2007 1105.2 Balance sheet at 31 December 2007 1115.3 Statement of changes in shareholders’ equity between1 Jan. 2006 and 31 Dec. 2007 1125.4 Statement of cash flows for the year ended 31 December 2007 1145.5 Notes to the financial statements prepared in accordancewith International Financial Reporting Standards as adoptedby the European Union 115Note1. Summary of signifi cant accounting policies applied by the BNP Paribas Group 1151.a Applicable accounting standards 1151.b Consolidation 1151.c Financial assets and financial liabilities 1171.d Insurance 1231.e Property, plant and equipment and intangible assets 1241.f Leases 1251.g Non-current assets held for sale and discontinued operations 1251.h Employee benefits 1251.i Share-based payment 1261.j Provisions recorded under liabilities 1271.k Current and deferred taxes 1271.l Statement of cash flows 1271.m Use of estimates in the preparation of the Financial Statements 128Note 2. Notes to the profi t and loss account for the year ended 31 December 2007 1282.a Net interest income 1282.b Commission income and expense 1292.c Net gain/loss on financial instruments at fair value through profit or loss 1292.d Net gain/loss on available-for-sale financial assets 1302.e Net income from other activities 1312.f Cost of risk 1322.g Corporate income tax 13345678910112007 Registration document - BNP PARIBAS 107