2007 REGISTRATION DOCUMENT

5 StatementCONSOLIDATED FINANCIAL STATEMENTSof c hanges i n s hareholders’ e quity b etween 1 Jan. 2006 and 31 Dec. 20071 12345678910115.3 Statement of c hanges i n s hareholders’ e quityb etween 1 Jan. 2006 and 31 Dec. 2007In millions of eurosShare capitaland additionalpaid-in capitalPreferredshares andequivalentinstrumentsShareholders’ equityEliminationof own equityinstruments< Contents >Retainedearnings andnet income forthe periodTotal capitaland retainedearningsConsolidated equity at 31 December 2005 beforeappropriation of net income 9,701 2,424 (165) 23,287 35,247Appropriation of net income for 2005 (2,163) (2,163)Consolidated equity at 31 December 2005 afterappropriation of net income 9,701 2,424 (165) 21,124 33,084Movements arising from relations with shareholdersIncrease in share capital 5,905 5,905Issue and redemption of preferred shares 2,023 2,023Movements in own equity instruments (1,706) (70) (1,776)Share-based payment plans 85 30 115Dividends on preferred shares (80) (80)Interim dividends paid out of net income for the period -Impact of the acquisition of a controlling interest in BNL -Impact of acquisitions carried out subsequently to theacquisition of a controlling interest in BNL (2,090) (2,090)Other transactions carried out with minority interests 16 165,905 2,023 (1,621) (2,194) 4,113Other movements (17) (1) (18)Unrealised or deferred gains and losses for the period :Changes in fair value of fi nancial instruments throughshareholders’ equity -Changes in fair value of fi nancial instruments through profi t or loss -Effect of movements in exchange rates -Share of changes in net assets of equity-accounted joint enterprises -- - - - -Net income for 2006 7,308 7,308Consolidated equity at 31 December 2006 15,589 4,447 (1,786) 26,237 44,487Appropriation of net income for 2006 (2,801) (2,801)Consolidated equity at 31 December 2006 afterappropriation of net income 15,589 4,447 (1,786) 23,436 41,686Movements arising from relations with shareholdersIncrease in share capital 281 281Reduction in share capital (2,428) 2,428 -Issue and redemption of preferred shares 2,296 2,296Movements in own equity instruments (1,236) (1) (1,237)Share-based payment plans (25) 51 26Dividends on preferred shares (176) (176)Interim dividends paid out of net income for the period -Additional impact of the acquisition of Banca Nazionale del Lavoro (134) (134)Other transactions carried out with minority interests 18 (21) (3)(2,129) 2,296 1,167 (281) 1,053Other movements 12 (46) (34)Unrealised or deferred gains and losses for the period :Changes in fair value of fi nancial instruments throughshareholders’ equity -Changes in fair value of fi nancial instruments through profi t orloss -Effect of movements in exchange rates -Share of changes in net assets of equity-accounted joint enterprises -- - - - -Net income for 2007 7,822 7,822Consolidated equity at 31 December 2007 13,472 6,743 (619) 30,931 50,5271122007 Registration document - BNP PARIBAS