Download all the 2011 financial statements
Balance sheet
| BALANCE SHEET in millions of euros |
At 12/31/2011 | At 12/31/2010 | At 121/31/2009 |
|---|---|---|---|
| ASSETS | |||
| Cash in hand, central banks, national giro (note 1) | 8,438.91 | 1,200.34 | 983.44 |
| Treasury bills and other bills eligible for refinancing with central banks (note 1) | 150.01 | 12,166.95 | 2,284.57 |
| Loans and advances to credit institutions (note 1) | |||
| . repayable on demand | 0.75 | 0.29 | 0.37 |
| . repayable at maturity | 5,165.53 | 1,129.48 | 1,686.34 |
| Intangible assets (note 2) | 0.01 | 0.00 | 0.00 |
| Tangible assets (note 2) | 0.16 | 0.17 | 0.21 |
| Real-estate assets (note 13bis) | |||
| Other assets (note 3) | 179.12 | 49.41 | 260.42 |
| Accrued income and prepaid expenses (note 4) | 5,463.10 | 2,665.73 | 1,751.19 |
| TOTAL ASSETS | 19,397.59 | 17,212.37 | 6,966.54 |
| LIABILITIES | |||
| Amounts owed to credit institutions (note 5) | |||
| . repayable on demand | |||
| . repayable at maturity | 1,026.47 | 0.00 | 151.11 |
| Debts evidenced by certificates (note 6) | |||
| . Negotiable debt instruments | 42,880.68 | 8,446.45 | 10,587.56 |
| . Bonds and similar instruments | 114,046.95 | 92,798.48 | 86,366.93 |
| . Other debts evidenced by certificates | |||
| Other liabilities (note 7) | 3,418.79 | 2,018.54 | 222.10 |
| Accrued expenses and deferred income (note 8) | 789.23 | 624.67 | 1,449.30 |
|
Sub-total - Debts
|
162,162.12 | 103,888.14 | 98,777.00 |
| Provisions (note 8) | 0.21 | 0.18 | 0.16 |
|
Property endowment
|
181.22 | 181.22 | 181.22 |
| Retained earnings | (154,623.81) | (91,991.84) | (97,251.86) |
| Profit for period | 11,677.85 | 5,134.67 | 5,260.02 |
| Sub-total-Reserves | (142,764.74) | (86,675.95) | (91,810.62) |
| TOTAL LIABILITIES | 19,379.59 | 17,212.37 | 6,966.54 |
Profit ans loss account
| Period ended (in millions of euros) |
At 12/31/2011 | At 12/31/2010 | At 12/31/2009 |
|---|---|---|---|
| Interest receivable and similar income (note 9) | 318.08 | 350.79 | 279.63 |
| . Interest receivable and similar income on transactions with credit institutions | 77.84 | 29.51 | 44.70 |
| . Interest receivable and similar income on bonds and other fixed-income securities | 10.83 | 12.28 | 1.97 |
| . Other interest receivable and similar income | 229.41 | 309.00 | 232.96 |
| Interest payable and similar charges (note 10) | (4,049.59) | (3,347.19) | (3,050.50) |
| . Interest payable and equivalent expenses on transactions with credit institutions | (152.85) | (11.04) | (46.15) |
| . Interest payable and equivalent expenses on bonds and other fixed-income securities | (3,896.74) | (3,336.15) | (3,004.35) |
| Other interest payable and similar charges | |||
| Fees payable (note 10) | (60.09) | (17.37) | (48.41) |
| Gains and loss on investment securities (note11) | (0.29) | (0.28) | (0.30) |
| . Net profit (loss) on foreign exchange transactions | (0.29) | (0.28) | (0.30) |
| Gains and losses on investment secruities ( note11.1) | |||
| Net profit ( loss) on investment securities | |||
| Other operatin income - banking | 0.00 | 0.00 | 0.00 |
| Other operation charges - banking | (0.02) | (0.02) | (0.02) |
| NET BANKING INCOME | (3,791.91) | (3,014.07) | (2,819.60) |
| General operating charges (note 13) | (2.89) | (2.50) | (2.63) |
| . Staff costs | (1.00) | (0.89) | (0.85) |
| . Other administrative expenses | (1.89) | (1.61) | (1.78) |
| Depreciation and provisions - intangible and tangible assets | (0.04) | (0.04) | (0.04) |
| Other operating income | 15,656.58 | 8,312.03 | 8,253.66 |
| . Income related to CRDS and CSG (note 12 and 12.1) | 11,942.02 | 8,312.03 | 8.253.66 |
| . Income related to social levies on income | 1,607.38 | 0.00 | 0.00 |
| . Income from the retirement reserve fund | 1,050.00 | 0.00 | 0.00 |
| . Income from property (note 13.1) | 0.43 | ||
| . Provisions reversed for CRDS and CSG loans | 6.75 | ||
| Other operating charges | (184.48) | (160.75) | (171.37) |
| . related to CRDS and CSG (note 12 and 12.1) | (105.11) | (86.83) | (80.78) |
| . Charges relating to social levies on income (note 12.2a) | (31.47) | 0.00 | 0.00 |
| . Payments to social cecurity agencies (note 14) | 0.00 | 0.00 | 0.00 |
| . Provision for doubtful debts relatin to CRDS and CSG (note 12 and 12.1) |
(47.89) | (73.92) | (90.58) |
| . Charges related to property (note 13.1) | (0.01) | 0.00 | (0.01) |
| GROSS OPERATING PROFIT | 11,677.26 | 5,134.67 | 5,260.02 |
| OPERATING PROFIT | 11,677.26 | 5,134.67 | 5,260.02 |
| - Exceptional income ( Note 15) | 0.59 | 0.00 | 0.00 |
| PROFIT ON ORDINARY ACTIVITIES BEFORE TAXATION | 11,677.26 | 5,134.67 | 5,260.02 |
| NET PROFIT FOR PERIOD | 11,677.85 | 5,134.67 | 5,260.02 |
Off balance sheet commitments
| OFF BALANCE SHEET ITEMS in millions of euros (Notes 15 to 17) |
At 12/31/2011 | At 12/31/2010 | At 12/31/2009 |
|---|---|---|---|
| COMMITMENTS GIVEN | |||
| Annual payement to the State | |||
| Payments to social security funding organizations | 68,700.00 | 130,000.00 | |
| Other commitments given |
69.04
|
0.00 | 0.00 |
| COMMITMENTS RECEIVED | |||
| -From credit institutions ( Note 18) | 9,700.00 | 700.00 | 700.00 |
| - From Banks for the purchase of treasory notes | 5,000.00 | ||
| -Sundry credit lines | |||
| -ECP and USCP arguments | 81.98 | ||
| -Retirement reserve fund | 27,300.00 | 29,400.00 |