2007 REGISTRATION DOCUMENT

CONSOLIDATED FINANCIAL STATEMENTS5Notes to the financial s tatements p repared in accordance with I nternational Financial Reporting S tandards as adopted by the European Union< Contents >In millions of euros, at 31 December 2006NotdeterminedOvernightor demandUp to1 month(excl.overnight)1 to3 months3 monthsto 1 year1 to5 yearsMore than5 years TOTALCash and amounts due from centralbanks and post offi ce banks 9,642 9,642Financial assets at fair value throughprofi t or loss 744,858 744,858Derivatives used for hedging purposes 2,803 2,803Available-for-sale fi nancial assets 18,706 5,665 6,983 10,587 15,128 39,670 96,739Loans and receivables due from creditinstitutions 18,498 25,527 12,437 4,598 4,726 9,384 75,170Loans and receivables due fromcustomers 30,245 35,535 36,572 49,738 129,113 111,930 393,133Remeasurement adjustment oninterest-rate risk hedged portfolios (295) (295)123Held-to-maturity fi nancial assets 7 505 353 788 13,496 15,149FINANCIAL ASSETS BYMATURITY 766,072 58,385 66,734 56,497 65,276 149,755 174,480 1,337,199Due to central banks and post offi cebanks 939 939Financial liabilities at fair value throughprofi t or loss 597,990 636 2,406 8,523 25,381 18,392 653,328Derivatives used for hedging purposes 1,335 1,335Due to credit institutions 23,950 63,049 25,324 14,102 11,802 5,423 143,650Due to customers 175,874 76,265 26,725 9,115 2,895 7,778 298,65245Debt securities 28,771 21,680 25,971 20,892 24,245 121,559Subordinated debt 1,558 968 320 773 2,159 12,182 17,960Remeasurement adjustment oninterest-rate risk hedged portfolios 367 367FINANCIAL LIABILITIES BYMATURITY 601,250 200,763 169,689 76,455 58,484 63,129 68,020 1,237,79068.f FAIR VALUE OF FINANCIAL INSTRUMENTSCARRIED AT AMORTISED COSTThe information supplied in this note must be used and interpreted withthe greatest caution for the following reasons:■ These fair values are an estimate of the value of the relevantinstruments as of 31 December 2007. They are liable to fluctuatefrom day to day as a result of changes in various parameters, suchas interest rates and credit quality of the counterparty. In particular,they may differ significantly from the amounts actually received orpaid on maturity of the instrument. In most cases, the fair value isnot intended to be realised immediately, and in practice might not berealised immediately. Consequently, this fair value does not reflect theactual value of the instrument to BNP Paribas as a going concern.■ Most of these fair values are not meaningful, and hence are not takeninto account in the management of the commercial banking activitieswhich use these instruments.■ Estimating a fair value for financial instruments carried at historicalcost often requires the use of modelling techniques, hypothesesand assumptions that may vary from bank to bank. This meansthat comparisons between the fair values of financial instrumentscarried at historical cost as disclosed by different banks may not bemeaningful.■ The fair values shown below do not include the fair values of nonfinancialinstruments such as property, plant and equipment, goodwilland other intangible assets such as the value attributed to demanddeposit portfolios or customer relationships. Consequently, thesefair values should not be regarded as the actual contribution of theinstruments concerned to the overall valuation of the BNP ParibasGroup.78910112007 Registration document - BNP PARIBAS 219