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Contents Management report Corporate governance Consolidated financial statements Financial statements Pillar 3
in millions of euros Category 1 Category 2 Category 3 Total
On 31 December 2014
Assets
Cash and balances at central banks
43,409
43,409
Loans and advances to banks
45,312
684
45,996
Financial assets held for trading
3,059
1,091
129
4,279
Financial assets designated at fair value
318
2,274
1,733
4,325
Derivatives
60
55,306
1,123
56,489
Loans and advances to customers
120,085
353,151
473,236
Available-for-sale financial assets
36,193
2,586
991
39,770
Associates at fair value
600
600
Non-current assets held for sale and discontinued operations
327
327
Liabilities
Due to banks
17,912
189
18,101
Due to customers
4,492
69,502
257,055
331,049
Debt securities in issue
1,059
166,200
28,797
196,056
Derivatives and other trade liabilities
1,399
65,079
1,082
67,560
Financial liabilities designated at fair value
15
19,683
46
19,744
Subordinated liabilities 13,082 29 - 13,111
The potential effect before taxation, if more positive reasonable
assumptions are used for the valuation of the financial
instruments in category 3 on the profit and loss account, is
166 (2014:108) and on equity 50 (2014: 73). The potential effect
before taxation, if more negative reasonable assumptions are
used for the valuation of financial instruments in category 3 on
the profit and loss account, is -167 (2014: -101) and on equity
-50 (2014: -67).
Category 3 of the financial assets at fair value includes private
equity interests. Private equity interests amount to 430.
A significant non-perceivable input for the valuation of these
interests is the multiplier.The multiplier is determined at the
time the interests are acquired and is applied to the EBITDA.
The average weighted multiplier is 6.9, with a bandwidth of-1
and +1 of the multiplier.
in millions of euros
Balance on
1 January
2015
Fair value
changes
incorporated in
profit or loss
Fair value
changes
incorporated in
equity
Purchases
Sales
Settlements
Transfers
to or from
category 3
Balance on
31 December
2015
Assets
Financial assets held for trading
129
(23)
20
126
Financial assets designated at fair value
1,733
180
47
(974)
(1)
985
Derivatives
1,123
440
(833)
35
765
Available-for-sale financial assets
991
143
(52)
49
(420)
(81)
(36)
594
Associates at fair value
676
158
41
(370)
(19)
486
Liabilities
Derivatives and other trade liabilities
1,082
470
(1)
(838)
(25)
688
Financial liabilities designated at fair value
46
2
(22)
(2)
24
207 Notes to the consolidated financial statements
