Download all the 2014 financial statements
Balance sheet
| BALANCE SHEET in millions of euros |
At 31/12/2014 | At 31/12/2013 | At 31/12/2012 |
|---|---|---|---|
| ASSETS | |||
| Cash in hand, central banks, national giro (note 1) | 1,689.95 | 207.98 | 3,046.52 |
| Treasury bills and other bills eligible for refinancing with central banks (note 1) | 7,000.06 | 7,000.39 | 4,353.68 |
| Loans and advances to credit institutions (note 1) | |||
| . repayable on demand | 0.38 | 0.73 | 4.66 |
| . repayable at maturity | 0.00 | 85.00 | 1,238.50 |
| Intangible assets (note 2) | 0.00 | 0.11 | 0.00 |
| Tangible assets (note 2) | 0.11 | 0.11 | 0.13 |
| Real-estate assets (note 13a) | 0.00 | 0.00 | 0.00 |
| Other assets (note 3) | 187.10 | 151.56 | 815.94 |
| Accrued income and prepaid expenses (note 4) | 4,631.01 | 1,900.87 | 3,129.62 |
| TOTAL ASSETS | 13,457.70 | 10,011.02 | 11,912.77 |
| LIABILITIES | |||
| Amounts owed to credit institutions (note 5) | |||
| . repayable on demand | 3.08 | ||
| . repayable at maturity | 1,003.37 | 1,003.37 | 1,003.37 |
| Debts evidenced by certificates (note 6) | |||
| . Negotiable debt instruments | 6,374.08 | 11,765.50 | 11,084.80 |
| . Bonds and similar instruments | 131,869.13 | 127,508.28 | 134,321.07 |
| . Other debts evidenced by certificates | |||
| Other liabilities (note 7) | 3,025.40 | 229.47 | 2,073.87 |
| Accrued expenses and deferred income (note 8) | 1,306.42 | 2,243.14 | 890.07 |
|
Sub-total - Debts
|
143,578.40 | 142,749.76 | 149,376.26 |
| Provisions (note 8) | 43.05 | 0.24 | 0.23 |
|
Property endowment
|
181.22 | 181.22 | 181.22 |
| Retained earnings | (143,061.78) | (145,363.51) | (145,594.02) |
| Profit for period | 12,716.81 | 12,443.31 | 11,949.07 |
| Sub-total-Reserves | (130,163.75) | (132,738.98) | (137,463.72) |
| TOTAL LIABILITIES | 13,457.70 | 10,011.02 | 11,912.27 |
Profit ans loss account
| Period ended (in millions of euros) |
At 31/12/2014 | At 31/12/2013 | At 31/12/2012 |
|---|---|---|---|
| Interest receivable and similar income (note 9) | 647.12 | 598.82 | 600.74 |
| . Interest receivable and similar income on transactions with credit institutions | 13.69 | 30.90 | 107.17 |
| . Interest receivable and similar income on bonds and other fixed-income securities | 3.52 | 0.96 | 1.04 |
| . Other interest receivable and similar income | 629.91 | 566.96 | 492.53 |
| Interest payable and similar charges (note 10) | (3,870.57) | (3,971.51) | (4,617.77) |
| . Interest payable and equivalent expenses on transactions with credit institutions | (42.03) | (40.99) | (57.56) |
| . Interest payable and equivalent expenses on bonds and other fixed-income securities | (3,828.54) | (3,930.52) | (4,560.21) |
| Other interest payable and similar charges | |||
| Fees payable (note 10) | (27.47) | (24.16) | (55.02) |
| Gains and loss on investment securities (note11) | (0.12) | (0.02) | (0.37) |
| . Net profit (loss) on foreign exchange transactions | (0.12) | (0.02) | (0.37) |
| 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) | (0.04) | (0.06) |
| NET BANKING INCOME | (3,251.06) | (3,396.91) | (4,072.48) |
| General operating charges (note 13) | (2.89) | (2.83) | (3.01) |
| . Staff costs | (1.04) | (1.03) | (1.03) |
| . Other administrative expenses | (1.85) | (1.80) | (1.98) |
| Depreciation and provisions - intangible and tangible assets | (0.04) | (0.04) | (0.05) |
| Other operating income | 16,196.21 | 16,030.94 | 16,240.31 |
| . Income related to CRDS and CSG (note 12 and 12.1) | 12,609.55 | 12,483.90 | 12,452.54 |
| . Income related to social levies on income | 1,486.11 | 1,444.90 | 1,687.10 |
| . Income from the retirement reserve fund | 2,100.00 | 2,100.00 | 2,100.00 |
| . Income from property (note 13.1) | 0.13 | 0.13 | 0.18 |
| . Provisions reversed for CRDS and CSG loans | 0.41 | 2.01 | 0.49 |
| Other operating charges | (226.21) | (188.15) | (215.88) |
| . related to CRDS and CSG (note 12 and 12.1) | (131.17) | (137.79) | (115.90) |
| . Charges relating to social levies on income (note 12.2a) | (32.18) | (32.59) | (33.99) |
| . Provision for sundry liabilities (note 14) | (42.80) | 0.00 | 0.00 |
| . Payments to social cecurity agencies (note 14) | |||
| . Provision for doubtful debts relatin to CRDS and CSG (note 12 and 12.1) |
(19.97) | (17.77) | (65.94) |
| . Charges related to property (note 13.1) | (0.09) | 0.00 | (0.05) |
| GROSS OPERATING PROFIT | 12,716.01 | 12,443.01 | 11,948.89 |
| OPERATING PROFIT | 12,716.01 | 12,443.01 | 11,948.89 |
| - Exceptional income ( Note 15) | 0.80 | 0.30 | 0.18 |
| PROFIT ON ORDINARY ACTIVITIES BEFORE TAXATION | 12,716.01 | 12,443.01 | 11,948.89 |
| NET PROFIT FOR PERIOD | 12,716.01 | 12,443.01 | 11,948.89 |
Off balance sheet commitments
| OFF BALANCE SHEET ITEMS in millions of euros (Notes 15 to 17) |
At 31 December 2014 | At 31 December 2013 | At 31 December2012 |
|---|---|---|---|
| Financing commitments | |||
| Payments to social security funding organizations | |||
| -first assumption of debt provided for by the 2011 Social Security Finance Act | 5,780.55 | ||
| -second assumption of debt provided for by the 2011 Social Security Finance Act | 33,609.04 | 43,609.04 | 52,271.40 |
| Financing commitments given | 584.76 | ||
| COMMITMENTS RECEIVED | |||
| -From credit institutions ( Note 18) | 700.00 | 3,300.00 | 700.00 |
| - From Banks for the purchase of treasory notes | 1,000.00 | 2,000.00 | |
| -Financing commitments received: borrowings | |||
| -ECP and USCP arguments | |||
| -Retirement reserve fund | 21,000.00 | 23,100.00 | 25,200.00 |